1. REITs faced challenges in 2024 but are well-positioned for growth in 2025, especially in sectors like net lease, shopping centers, healthcare, and data centers. 2. Falling interest rates and proposed policies by President Trump could stimulate demand, benefiting REITs with strong balance sheets and attractive valuations. 3. Key sectors to overweight include net lease, shopping centers, healthcare, and data centers, with equal weight in cell towers, industrial, sunbelt office, and apartments.