Ahead of fourth-quarter financial results, Mizuho Securities USA has noted a tactical bullish sentiment among investors.
This is particularly so towards Prologis (PLD) and Rexford Industrial Realty (REXR), said the firm in a commentary released on 15 January.
The industrial REIT sub-sector is currently trading at approximately a 5% discount to broader REITs, with risk premiums close to 300 basis points.
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