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Real Estate

XLRE · Companies that own and rent out buildings and properties

COLD Regime FitCurrent: Recession

In a Recession environment, Real Estate typically struggles because Weak demand can pressure occupancy and cash flow.

YTD Return
-2.59%
vs S&P: -0.20%
1Y Return
-2.04%
3Y Return
-15.12%
Volatility
5.19%
Annualized

Price Performance

Sector ETF vs S&P 500 benchmark

Real Estate price performance

Sector (solid) vs S&P 500 (gray dashed)

Key Drivers

What makes Real Estate go up or down in the current environment.

Interest rates & mortgages

HELPS

Lower rates reduce borrowing costs and support property valuations.

Months

Occupancy & rent growth

HELPS

Improving demand lifts revenue and can slow down rent discounting.

Months

Credit conditions

HURTS

Tighter lending standards increase refinancing risk and capex delays.

Weeks

Inflation passthrough

HELPS

Some leases allow price adjustments, cushioning inflation effects.

Months

Consumer employment

HELPS

Better employment supports residential demand and lease renewals.

Months

E-commerce & logistics real estate

HELPS

More fulfillment center demand supports industrial REITs.

Years

Notable Companies

Major companies operating in the real estate space.

PLD
PLD
AMT
AMT
EQIX
EQIX
CC
CCI
PSA
PSA
WE
WELL
SP
SPG
O
O

Emerging Trends

Secular shifts worth watching in real estate.

Logistics real-estate tailwinds

Supply-chain and e-commerce fulfillment still need more warehouse capacity.

PLDEQIXAMT
2-5 yearsMedium risk

Data center demand

AI compute requires more data centers, increasing long-dated lease demand.

EQIXAMTCCI
3-7 yearsMedium risk

Refinancing discipline

Conservative balance sheets reduce refinancing shocks during tighter credit.

OPSAWELL
1-3 yearsLow risk
Zemen Sectors is for educational and informational purposes only. Nothing on this page constitutes financial advice, investment recommendations, or an offer to buy or sell securities. Always do your own research and consult a qualified financial advisor before investing. Past performance does not guarantee future results.

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