The Federal Reserve increased interest rates to help fight inflation, but there are always side effects from such moves. In the case of real estate investment trusts (REITs), the side effect was a deep drawdown across most of the sector.

But Wall Street doesn't go in a straight line, it follows a path that more closely resembles a sine curve, and REITs began to rally toward the end of 2023 as interest rate worries began to ebb. There are still some interesting opportunities in the sector, including Prologis (NYSE: PLD) and Realty Income (NYSE: O).

Here's why you might want to consider buying these two REIT stocks before they surge even higher.

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Source Fool.com