The rout in the real estate market has presented an opportunity for long-term investors, according to UBS.
Real estate is the only one of 11 main groups in the S & P 500 that has fallen in 2024, sliding 4.7%.
.SPLRCR YTD mountain S & P 500 Real Estate Sector year to date Real estate investment trusts , or REITs, also pay attractive dividends, with an average yield of 4.2%, according to UBS.
However, the REIT is the world's largest owner of industrial properties, such as warehouses — and the industrial sector remains strong, Woloshin said.
Alexandria Real Estate Equities yields 4.4% and is down more than 7% year to date.
Persons:
Jonathan Woloshin, Woloshin, Prologis
Organizations:
UBS, Real, Alexandria Real
Locations:
CRE, Alexandria