Brookfield Real Estate Trust Drops 6.7% in First Yearly Loss
- REIT owns rental and logistics properties, mostly in the US
- It has been increasing its exposure to real estate credit
This article is for subscribers only.
A Brookfield Asset Management Ltd. property fund for well-off investors posted its first annual loss since inception as it lowered its valuation on some properties due to higher interest rates.
Brookfield Real Estate Income Trust Inc. ended last year down 6.7% after back-to-back monthly losses in November and December.