LaSalle Investment Management Securities has reduced its stake in REITs amid the rising interest rates environment.

A recent disclosure by the firm indicates that it has reduced holdings in more than half of the US-listed REITs that it holds.

Additionally, the firm has also completely relinquished its stake in two US office assets-focused REITs and a couple of mixed commercial REITs.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.