VNQ stock price is under watch for potential rebalancing impacts, as sector weightings may shift toward industrial assets in upcoming index reviews. An example of how the REIT develops properties for higher and better uses is its recent offer to acquire the former headquarters for the Oakland Raiders for $24 million . The site includes 100,000 square feet of office space for the Raiders HQ and an 18,000 square feet training facility leased by the Oakland Roots soccer club, which plays in the United Soccer League , the professional soccer league one level down from MLS. So, while prices may look beaten down on the chart, valuations suggest this isn't a classic deep-value play. It's more of a waiting game for the right macro catalyst. VNQ stock price could see upside if mortgage rates stabilize under 6.5%, aiding residential REIT performance in its holdings.
