CNBC cited expert analysis, noting that despite rising interest rates, strong current real estate fundamentals have prevented Real Estate Investment Trusts (REITs) from being as severely impacted as in the past. Seth Laughlin, an analyst at Cohen & Steers, stated that while the 10-year U.S. Treasury yield has risen by 100 basis points over the past year, increasing borrowing costs, REITs have seen accelerated earnings growth, projected to reach 9% this year. David Auerbach of Hoya Capital Real Estate added that the correlation between REITs and interest rates has fallen to a four-year low, and the development pipeline (excluding data centers) is well below its 2022 peak and 2019 levels. Year-to-date, the FTSE Nareit All Equity REITs Index has returned over 6%.