Unlike mortgage REITs (mREITs), which rely heavily on interest rate spreads and leverage, equity REITs own physical properties and derive revenue from rents, offering more stable cash flows and less direct exposure to yield curve volatility. In today’s macro environment marked by high rates, a flatteningI am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management. My focus is on equity valuation, market trends, and portfolio optimization to uncover ...