RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group, announced Tuesday that it has expanded its coverage of REITs, bringing the number of companies that receive the firm’s analysis to 69 with the addition of 18 new companies.
“We remain very bullish on the outlook for commercial real estate,” says Rich Moore, head of RBC Capital Markets’ REITs research team. “With strength in the economy and the continued growth in employment, we believe that the top-line performance of real estate companies will outweigh any increases in either interest rates or operating expenses.”