JPMorgan takes a bullish view on residential and industrial REITs in its 2019 REIT outlook and an improved view for healthcare and net lease REITs.

Takes a more bearish tone on mall and office REITs.

Upgrades to overweight from neutral: Duke Realty (DRE +0.4%), Equity Residential (EQR +0.4%), Medical Properties Trust (MPW +1.3%), Corporate Office Properties Trust (OFC +0.5%), UDR (UDR +0.3%), and Welltower (WELL -0.3%).

Upgrades to neutral from underweight: American Campus Communities (ACC -0.1%), EPR Properties (EPR -0.4%), First Industrial Realty Trust (FR-0.1%), Rexford Industrial Realty (REXR -0.7%).

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