10 year bond is all that matteers DAMN LETS START THE REIT RALLY ALREADY. RECOVER AT LEAST 10% FROM THIS BLOODBATH STARTING TOMORROW.
"The median spread between REIT Yields and GOC 10 Year Bonds is 4.62% with the median following year return at 12.2%. A higher spread is correlated to outperformance. This is because the higher spread encourages investors to invest in REITS over fixed income alternatives and compress the spread.
“We do note that in years in which yield spreads were above 450 bps at the beginning of the year (such as 2021), the REIT sector has averaged ~20% total returns over the following 12 months” CIBC Canadian Reits Monthly."