Real Estate Ructions

April 2020 Newsletter | COVID-19 has led to significant falls in global equity markets, with the ASX 200 dropping 37% off its February high on a peak to trough basis. Sectors with relatively defensive earnings streams (Healthcare, Consumer Staples & Utilities) have generally outperformed, while economically sensitive stocks such as those within the Energy, Financials and Consumer Discretionary sectors have been hit particularly hard. This newsletter covers a few of the reasons for the REIT underperformance and where we have been finding opportunities in the sector.