In Part 1 of a three-part interview, T. Rowe Price's Christine Fahlund discusses the importance of Monte Carlo analysis in retirement calculations, the pros and cons of working longer, and reverse mortgages.
In a rising interest rate environment, which is generally tough on REITs, we'd prefer exposure to reasonably priced, narrow-moat firms with attractive internal and external growth prospects, conservative capital structures, and well-laddered debt maturity schedules.
With roughly two thirds of this sector enjoying a narrow or wide economic moat, we continue to find pockets of opportunity when short-term concerns outweigh our forecasted long-term growth trajectories.
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