Worries about whether the Federal Reserve might slow the pace of interest rate hikes are taking a toll on a few real estate investment trusts (REITs). These four interest-sensitive REITs dropped to new 52-week lows as the sector continues to suffer from the more-sellers-than-buyers problem.
Piedmont Office Realty (NYSE:PDM) is set to give its latest quarterly earnings report on Wednesday, 2022-11-02. Here's what investors need to know before the announcement.
Analysts estimate that Piedmont Office Realty will report an earnings per share (EPS) of $0.08.
Income investors love real estate investment trusts (REITs) because of the high dividend yields they offer. And most REITs now have higher than normal yields because of the rising interest rates the Federal Reserve has initiated this year to combat inflation and the subsequent price declines of the entire REIT sector as a result.