REITs Rally Amid Mega-Deals
U.S. equity markets extended their winning streak to eight weeks as resilient earnings and optimism over reopened crude flows supported gains across sectors. REITs surged by 3.0%, driven in part by major strategic deals, including the largest-ever REIT-to-REIT merger between AvalonBay and Equity Residential.
Topics: mergers_and_acquisitions real estate reits stock_markets