🔴 Equity Lifestyle Properties is trading 4% down today as hawkish Fed signals pressure REITs

Equity Lifestyle Properties is trading 4% down at $64.92 as real estate and REIT stocks fall following the latest Federal Reserve meeting.

• Investors are reacting to hawkish dissent within the FOMC that raises the risk of future rate hikes.
• The prospect of higher rates is pressuring interest-rate-sensitive property and REIT valuations, even as broader equity indices rebound.