Real estate stocks decline amid geopolitical developments, weak earnings
Real estate stocks declined this week due to weak earnings and geopolitical uncertainty. President Trump’s remarks about Greenland heightened investor concerns. Prologis (PLD) led losses, down 4.22% to $127.15, while Crown Castle (CCI) and Extra Space Storage (EXR) also fell. Conversely, Alexandria Real Estate Equities (ARE) and KE Holdings (BEKE) saw gains. Midcap stocks like Kilroy Realty (KRC) and SL Green Realty (SLG) faced significant declines. Overall, the sector experienced increased volatility amid disappointing earnings and geopolitical developments.
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