Mega-Bears Smell Blood As REITs Tumble
![Mega-Bears Smell Blood As REITs Tumble Mega-Bears Smell Blood As REITs Tumble](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/41456211a4c7767bbc2baf338a028e63-500x254.jpg?itok=ie8Anm5t)
While many have blamed today's spike in yields for the broader underperformance of the REIT sector, which sent the Bloomberg North American REIT index down 1.4%, its biggest one-day drop since December in a widespread selloff across all property sectors with 194 of the 214 stocks in the index lower today, it's more than just the jump in rates that is slamming the rate-sensitive sector.