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Digital Realty Trust Has Bucked Broader REIT Sector Weakness

publication date: Feb 17, 2024
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Image: Digital Realty Trust has outperformed the broader REIT sector by quite the margin since the beginning of 2023. 

Real estate investors have had a difficult time the past year, with shares of the Vanguard Real Estate Index ETF falling roughly 6% versus a 22%+ return on the S&P 500, both measured on a price-only basis. Data center REIT Digital Realty, however, has bucked the trend of the broader real estate sector’s weakness advancing 20% over the same time period on a price only basis. Digital Realty’s fourth-quarter results and guidance for 2024, released February 15, weren’t great, but the company is much better positioned than other REITs, in our view. Shares yield ~3.6% at the time of this writing.


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