Buy this 'cheap' REIT — it's set to offer a yield of nearly 7%, Morningstar says

Real estate is one corner of the market that investors are moving into, as expectations of interest rate cuts grow.

Real estate is one corner of the market that investors are moving into , as expectations of interest rate cuts grow. Markets are betting that this month's inflation data will give the U.S. Federal Reserve justification to cut rates, as it has repeatedly said consumer prices need to come down for that to happen. It's commonly believed that assets related to real estate , such as REITs, benefit from lower interest rates.

The rate of office use is set to increase over time , which will in turn lead to a recovery in office real estate demand, he said. Over the next decade, Sharma expects a 0.9% compound annual growth rate in average rent per square foot for Kilroy's portfolio. "We think Kilroy's significant development pipeline will provide yields around 6.50% through 2033, adding incremental net operating income and contributing significantly to the company's valuation," he said.

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