Japan Rides Global REIT Rally, Driving Index to 12-Year High (Bloomberg)

Japan’s market for real estate investment trusts is at the highest level in 12 years as yield-hungry investors drive a global rally.

The Tokyo Stock Exchange REIT index has surged 26% this year, beating the benchmark Topix by 17 percentage points and the S&P Pan Asia REIT U.S. Dollar Index by 6 points, according to data compiled by Bloomberg. 

Read more…