2023 REIT Outlook: Poised to Perform

February 2023

By Uma Moriarity, CFA

As we look forward into 2023, with the eventuality of a recession front and center, the concept of resiliency is top of mind for allocators seeking attractive risk-adjusted returns. Here we believe REITs are poised to perform for investor portfolios, especially versus private real estate and broader equities.

In our 2023 REIT Outlook, we layer the current macroeconomic backdrop against historical data to make an informed forecast as to how real estate – specifically the public REIT market – will fare during the upcoming cycle. The conclusion suggests a positive turn for most property sectors and an opportunity to capture the upside of a familiar pattern.