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Real Estate

Includes companies that own, develop or manage real estate. Often structured as REITs, they offer stable returns and dividends. Main sub-sectors: Ooffices and commercial spaces, residential, logistics, data centers and infrastructure. Characteristics: profitability linked to rents, sensitivity to interest rates, defensive sector, but exposed to demographic and technological trends.

Real estate sector: two buildings and a line that moves little with the economic cycle, with its sub-sectors: offices, residential, logistics, data centers.
Real estate earns rents and dividends and is sensitive to interest rates.