The Zacks REIT and Equity Trust industry has been affected by yield curve inversion due to high rates, credit spread volatility, spread widening, low market liquidity and limited fixed-income demand. This resulted in increased mortgage rates, significantly reducing originations. The mREIT industry is likely to witness book value erosion in the near term, as wider spreads in the Agency market affect asset prices. Nonetheless, the Fed’s decision to conclude its rate-hiking cycle in 2024 indicates easing earni ...