Real estate investment trusts plunged, capping the worst two-day decline since October 2011, as investors sold shares of the companies vulnerable to rising interest rate, Bloomberg writes.

The Bloomberg REIT Index fell 4.2%, extending a 3% slump yesterday, to close at the lowest level since December. Single-tenant real estate landlords, which are viewed as bond-like investments because of their long-term leases, led today’s decline with a 5.5% slump.