"If your hypothesis plays out then REITS will do very very...

"If your hypothesis plays out then REITS will do very very well."

Just not Retail REITs, if you look at all the carnage and pain in the discretionary retail sector.

Shopping centre owners are going to have a difficult time avoiding sitting with empty stores over the coming year or two, let alone having the liberty to apply rent increases on their tenants.

Ironically, though, the more the pain in consumer-world, the less the chance for further rises in bond yields and hence, the less the headwinds for CSL's market valuation.


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