The Fed might be done raising rates. But can the cost of debt drop fast enough to save struggling landlords?

Property stocks are up 5.4% since Tuesday’s consumer-price index data showed that U.S. inflation is easing. Commercial real estate has been a big casualty of higher interest rates. Property values have fallen by a fifth since the Fed began hiking in March 2022 and almost 8% of securitized property loans are in distress, according to CRED iQ data.