Why Are These 3 REITs Getting Crushed Lately?
Real estate investment trusts, or REITs, have generally not performed well recently, mainly due to the effects of rising interest rates. But the REITs that focus on New York City -- specifically SL Green (NYSE: SLG), Vornado Realty Trust (NYSE: VNO), and Empire State Realty Trust (NYSE: ESRT) -- have been hit particularly hard. In this video, Tyler Crowe and I discuss why they've been falling so sharply.
*Stock prices used were the afternoon prices of March 23, 2023. The video was published on March 24, 2023.
Source Fool.com
