REITs – Why the tide might be turning2 May 2025 09:51
After several years of significant underperformance, UK REITs may finally be approaching an inflection point. In this latest episode of Hardman Talks, Larissa Adams is joined by Mike Foster, Property Analyst at Hardman & Co, to examine whether recent macroeconomic shifts and improving fundamentals signal a renewed investment case for UK commercial real estate. The discussion explores what has changed in both valuation metrics and the broader market environment.
Mike outlines a range of compelling factors now working in favour of UK REITs. As quantitative tightening comes to an end and long-term bond yields face increasing political pressure, UK REITs stand to benefit from falling interest rates, historically wide discounts to NAV, and stabilising rental income across several property sectors. This episode explores not just whether UK REITs are now ‘cheap’, but whether they are fundamentally mispriced.
Watch here - https://youtu.be/4puy7TfXp9U?si=N8HVqOc4z2TheMy0