risk-free rates

REITs' P/NAV could be determined by their yield spreads as REIT unit prices are based on risk-free rates

As the Fed gets increasingly hawkish, analysts, investors and REIT managers have an eye on interest rates this year

Real estate investment trusts, especially US REITs listed on SGX, may be in for further volatility. The huge stimulus that the US administration is proposing will have to be funded by debt and that could drive up US risk-free rates r