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Still nice leftovers in the real estate logistics segment, according to Sofidy

(AOF) – After two years of massive outperformance, logistics property companies are marking time this year in an environment of rising interest rates which underlines their apparent high cost. “The structural factors of increased demand and the constraints weighing on supply will nevertheless favor an acceleration in the rise in rents which, in our view, justify maintaining a strong exposure to the sector”, explains Laurent Saint Aubin, Equity Manager, Real Estate Europe at Sofidy.

“We are therefore maintaining our overweighting in the sector, which represents around 15% of Sofidy Sélection 1’s assets”, adds the manager of FCP Sofidy Sélection 1.

More generally, the expert remains convinced that listed real estate should outperform generalist indices in the coming months due to low sensitivity to the labor and raw material cost components of inflation, automatic regulatory indexation mechanisms which align rents with price trends and moderate instantaneous sensitivity to the economic slowdown.

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