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Total returns for the FTSE Nareit All Equity REITs index are down 20 percent year-to-date amid broader macroeconomic concerns, but REIT balance sheets and real estate fundamentals remain on solid footing.
“We’re seeing a slowdown in our order intake in the construction sector, and those customers are typically the fastest to react,” said Rob Van Gils, CEO of Hammerer Aluminum Industries.
Ghost kitchens were a pandemic winner. But with people coming back to indoor dining and starting to watch their spending, the sector is experiencing some growing pains.