Buoyed by the expectation that interest rates have peaked and could soon be nosing down, the stock market had one of its best stretches of 2023 so far in early November.

After a weak 2022, that performance helped put major indexes such as the S&P 500 in the black for the year so far. But the turnaround hasn't been uniform, of course.

For instance, publicly traded real estate investment trusts (REITs) overall remain in the red for the year. These owners of income-producing pools of property are particularly sensitive to interest rates. Because they're required to pay almost all of their taxable income out in dividends, they don't typically retain a lot of cash and need to finance their growth through borrowing and stock issuances.

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Source Fool.com