You Can't Control Company Mergers, But You Can Control What You Do About Them
The real estate investment trust (REIT) sector has been deeply out of favor since interest rates started to head higher. There are many reasons for this, but a major side effect is that growing via property acquisition has become more expensive. So perhaps it isn't all that surprising that Healthpeak (NYSE: PEAK) and Physicians Realty Trust (NYSE: DOC) have decided to join up in what is being called a merger of equals.
Although you can't control what's going on here, you can control what you do about it. But that doesn't really leave you many attractive options.
On Oct. 30, both Healthpeak and Physicians Realty reported earnings. And in separate news releases issued on the same day, both announced that they had agreed to merge into one entity. Needless to say, this announcement overshadowed the earnings updates.
Source Fool.com
