Serenity Alternative Investments Blog - Are REITS Cheap? A Brief Investigation…
At first look: REITs appear cheap by traditional valuation metrics, leading many to recommend that investors should buy the sector.Below the surface: The REIT universe is bifurcated between extremely expensive large cap tech companies, and extremely cheap lodging and retail REITs.Nuance needed: The direction of fundamentals is equally, if not more important, than valuation, and fundamentals are currently headed