A bad 2022 for REITs could turn into a great 2023, but that if depends on some important factors turning around, says Hazelview Investments’ 2023 Global Public Real Estate Outlook Report. Current significant discounts, with the right tailwinds next year, could “offer significant positive mean reversion.”

“Fundamentals went out the door in 2022 as markets focused on high-inflation and hawkish monetary policy,” a company press release quoted Corrado Russo, senior managing director of investments and head of public real estate investments, as saying. “And, while this can be frustrating for us as active managers, we know this can present exceptional opportunities in 2023 which we believe will be more about weaker growth, moderating inflation, and an end to rate hikes or a partial reversal. The best long-term returns are generated when buying at discounts to intrinsic value and investor sentiment is at its lowest, both of which are true today.”

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