Negative investor sentiment towards the commercial real estate sector appears to be behind the discounts to NAV among REITs and listed property companies remaining excessively wide, including abrdn Property Income Trust (API). This is despite a large valuation correction at the end of 2022 and transactional evidence of value stabilisation. API’s manager says that a re-rating of the sector and API’s shares should be triggered by market indications that interest rates have peaked, so promising inf ....
