No mortgage, no problem... REITs deliver

LiveWire

Sep 16

I'll be honest... owning an investment property feels almost impossible right now. Between soaring prices, climbing interest rates, and strict lending rules, it can seem like the door has been slammed...

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Between soaring prices, climbing interest rates, and strict lending rules, it can seem like the door has been slammed...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/no-mortgage-no-problem-reits-deliver\">Source Link</a>\n\n</div>\n","source":"livewire_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>No mortgage, no problem... 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REITs deliver\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-16 06:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/no-mortgage-no-problem-reits-deliver><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>I'll be honest... owning an investment property feels almost impossible right now. Between soaring prices, climbing interest rates, and strict lending rules, it can seem like the door has been slammed...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/no-mortgage-no-problem-reits-deliver\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4550","symbol_name":"红杉资本持仓","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/no-mortgage-no-problem-reits-deliver","article_id":"2567253741","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/no-mortgage-no-problem-reits-deliver","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2567253741","pubTimestamp":1757976110,"columns":[],"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"I'll be honest... owning an investment property feels almost impossible right now. Between soaring prices, climbing interest rates, and strict lending rules, it can seem like the door has been slammed shut.But this doesn't mean I have to sit out of the property game altogether. Real Estate Investment Trusts  might be the workaround - letting you buy into some seriously high-quality, income-generating properties without the price tag of bricks and mortar.Curious about how that works in practice, I reached out to Andrew Parsons, Chief Investment Officer at Resolution Capital, to find out where younger investors like myself can still get a slice of the property market without the hefty price tag.Parsons has over 30 years of experience in global financial and property markets and was able to provide valuable insights.“Global REITs provide investors with exposure to the underlying returns of some of the world’s best property. It’s property very few investors can access directly, and the opp","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","CFA":"VictoryShares US 500 Volatility Wtd ETF","FDN":"First Trust Dow Jones Internet I","BK7162":"零售房地产信托","BK4588":"碎股","BK4225":"医疗保健房地产信托","EQIX":"易昆尼克斯","RCAP.AU":"Resolution Capital Global Prpty Sec ETF","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","BK4567":"ESG概念","WELL":"WELLTOWER OP LLC","DLR":"数字房地产信托公司","BK4084":"特种房地产投资信托","BK4203":"医疗保健房地产投资信托","BK7005":"零售业房地产投资信托","BK4585":"ETF&股票定投概念","BK4529":"IDC概念","BK7510":"REITs概念","BK4566":"资本集团","BK4222":"数据中心房地产信托","SCG.AU":"SCENTRE GROUP"},"translate_title":"没有抵押贷款，没有问题...房地产投资信托基金交付","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA":1,"DLR":1,"EQIX":1,"FDN":0.73,"RCAP.AU":1,"SCG.AU":1,"WELL":1},"content_text":"I'll be honest... owning an investment property feels almost impossible right now. Between soaring prices, climbing interest rates, and strict lending rules, it can seem like the door has been slammed shut. \nBut this doesn't mean I have to sit out of the property game altogether. Real Estate Investment Trusts (REITs) might be the workaround - letting you buy into some seriously high-quality, income-generating properties without the price tag of bricks and mortar. \nCurious about how that works in practice, I reached out to Andrew Parsons, Chief Investment Officer at Resolution Capital, to find out where younger investors like myself can still get a slice of the property market without the hefty price tag. \nParsons has over 30 years of experience in global financial and property markets and was able to provide valuable insights. \n“Global REITs provide investors with exposure to the underlying returns of some of the world’s best property. It’s property very few investors can access directly, and the opportunity set is large”.\n\n\n\n\n\n\n\n\n\nAndrew Parsons, Chief Investment Officer, Resolution Capital\nWhy REITs make sense for younger investors\nUnlike buying a single apartment or townhouse, REITs allow small parcels of capital to access large-scale property. \n\"Outside of apartments, offices and shops, there’s a multitude of\nproperty types in the global listed real estate sector offering different\nincome and return profiles and providing significant portfolio diversification\nbenefits.\"\nREITs are also liquid - they trade on exchanges like shares, making it easy to buy or sell without the long timelines and transaction costs of direct property. Importantly, REIT earnings have proven to be far more stable than broader equities, even during volatile periods like COVID-19. \nKey risks to keep in mind\nHowever, REITs, like many investment vehicles, are not risk-free. Parsons cautions:\n\"Rising cost of debt can impact REIT earnings which can compress valuations,\nespecially in listed markets where repricing is immediate.\"\nInterest rate cycles, leverage, and liquidity are central considerations. The good news? Balance sheets are in good shape, Parson explains. \n\"Balance sheets are strong: leverage is historically low (~30% net\nleverage vs. ~53% in 2010) and debt maturities are well-laddered.\"\nThis means most quality REITs are well-positioned to navigate a shifting rate environment. \nIs the property slump behind us? What the numbers say\nNot long ago, the mood around commercial property was bleak - headlines warned of falling prices and nervous landlords. But lately, the tone has shifted. After months of watching values slide, many fund managers are starting to whisper that the worst might be behind us. \nParsons shares that optimism. \n\"Yes, we are seeing evidence that commercial real estate valuations have bottomed... REITs are trading at discounts to NAV, supported by strong balance sheets, tight supply, and rising earnings.\" \nIn other words, while sentiment still lags, the numbers are starting to tell a more hopeful story. \nRising construction costs, up 30-40% in just five years, add another layer to this picture. New projects have become uneconomical, which means existing, high-quality assets are now harder to replace. For investors, that scarcity could translate into pricing power and more resilient returns as the cycle turns. \nSectors showing strength: healthcare, retail and data centres\nYounger investors often associate REITs with shopping malls or office towers, but today's opportunities span healthcare, logistics, and the digital economy. Parsons highlights three standout areas: healthcare, retail, and the digital economy. \nHealthcare REITs, particularly seniors housing in the U.S., stand out. Parsons explains, \"U.S. healthcare has been a standout, specifically U.S. seniors housing exposures, which are benefiting from the ageing of the ‘baby boomer’ demographic and very low supply levels.\"\nResolution Capital's top holding, Welltower (NYSE: WELL), just posted an impressive 13.8% year-over-year growth in same-store income. And with America's 80-plus population set to double over the next quarter century, the demand story writes itself.\nThen there's retail, a sector many had written off post-COVID. Yet it's staging a comeback. \"Retailers are beginning to realise that both an online presence and physical store is the best way to maximise sales,\" Parons said.\n\"The retail sector has faced scepticism, particularly in the U.S., due to tariff concerns. However, what’s often overlooked is the lack of new retail construction since the GFC.\" Australian investors will recognise Scentre Group (ASX: SCG), which has benefitted from this scarcity. \nShopping centre occupancy is back near record highs, and rents reset during the pandemic are now growing from a healthier base.\nFinally, the digital backbone of our lives - data centres. Parsons described the space as \"presently supply-constrained,\" with opportunities tied to the surge in digitalisation and AI. \nTheir portfolio taps into this megatrend through specialist platforms like Equinix (NASDAQ: EQIX) and Digital Realty (NYSE: DLR) - proof that the future of property isn't always made of bricks and mortar. \nBuilding a diversified REIT portfolio\nSo, how should investors build their own REIT portfolio? I used to think building a REIT portfolio could be as simple as picking a handful of names and calling it a day. But when I asked Parsons about it, he was quick to caution me against oversimplifying. Five REITs, he said, just won't cut it.\n\"The portfolio for Resolution Capital Global Property Securities Fund – Active ETF (ASX: RCAP) is a very select portfolio of currently 45 securities which we believe gives investors exposures to some of the world’s highest quality real estate.\" \nFor most, the lesson is clear—spread your bets. Mix sectors like healthcare, retail, data centres, and logistics to balance income and growth. And if researching dozens of companies isn’t realistic, diversified ETFs offer a professionally managed, globally diversified way to stay in the property game without hand-picking every winner.\nStaying in the game without the mortgage stress\nBuying REITs (or if you don’t want to do the individual stock research yourself, an actively-managed REIT ETF like ASX: RCAP, offers a way in - a chance to share in the earnings of some of the world's most valuable properties without the crushing debt or risk of putting everything into a single address. \nParsons summed it up best:\n\"Despite pockets of pressure, the sector is well-positioned to navigate a changing interest rate environment.\"\nThe message is clear - while the headlines may still sound cautious, the fundamentals of quality real estate remain solid. \nWith a thoughtful mix of sectors and a long-term mindset, REITs can provide steady income, global exposure, and growth potential. For younger investors, they're not just a backup plan - they're a legitimate path to staying connected to an asset class that has built fortunes for generations. \n\n\n\nETF\nResolution Capital Global Property Securities Fund – Active ETF (RCAP)\nGlobal Property\n\n\nView\n\n\n\n\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}