Fidelity Real Estate Investment Portfolio Q3 2025 Commentary (FRESX)

Fidelity Investments 872 Follower s Follow 5 Share Save Play ( 12min ) Comments Summary Fidelity Real Estate Investment Portfolio seeks above-average income and long-term capital growth by investing in companies that own and operate commercial real estate properties. For the third quarter of 2025, the U.S. real estate investment trust market returned 3.76%, lagging the 8.12% gain of the U.S. stock market. For the third quarter, the fund gained 0.89%, significantly trailing the 3.76% advance of the benchmark, the MSCI U.S. IMI Real Estate 25/50 Linked Index. Versus the real estate industry index, security selection in the industrial REITs segment meaningfully detracted. Our outlook for REITs is generally positive, as market participants are anticipating several additional cuts to short-term interest rates. bymuratdeniz/iStock via Getty Images Market Review For the third quarter of 2025, the U.S. real estate investment trust market, as measured by the MSCI U.S. IMI Real Estate 25/50 Linked Index, returned 3.76%, lagging the 8.12% gain of the U.S. stock market, according to the S&P 500® index. Economically sensitive This article was written by Fidelity Investments 872 Follower s Follow Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately held for 77 years, Fidelity employs more than 74,000 associates with its headquarters in Boston and a global presence spanning nine countries across North America, Europe, Asia and Australia. Note: This account is not managed or monitored by Fidelity, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fidelity's official channels.

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