” Yields generated on three listed REITs have fallen below their listing yields, and these now return even less than benchmark bonds, data compiled by ET until January 10 showed.
Blackstone-backed Embassy REIT, for example, is yielding 6.4%, down from the 8.2% it yielded at the time of its listing in March 2019. Raheja-backed Mindspace REIT is yielding 5.7%, lower than the 7.30% it yielded when it listed in August 2020, while Brookfield REIT is yielding 7%, lower than the 7.9% it yielded in February 2021. Moreover, yields are even lower than the 7.30% offered by the 10-year government securities.”
Source:
| Subscribe To Our Free Newsletter |
