Another Wild Session • REIT Earnings • Dividend Hike

January 25, 2022 | Hoya Capital

Another Wild Session • REIT Earnings • Dividend Hike Real Estate Daily Recap Jan 25 Written By Summary U.S. equity markets finished broadly lower Tuesday on another session of wild intra-day market swings as investors await the Federal Reserve policy meeting on Wednesday and a busy slate of earnings. Echoing the price action on Monday, the S&P 500 rallied back from steep early-session declines and briefly turned positive before ending the session lower by 1.2%.

Real estate equities were among the outperformers today as the Equity REIT Index finished lower by 0.3% with 7-of-19 property sectors in positive territory while Mortgage REITs rallied 1.5%. Robust growth in household formations - combined with the lingering housing shortage - has kept the "pedal to the metal" for home price appreciation as Case Shiller National Home Price Index data last month showed that home values soared 18.8% year-over-year in November.

Equity Lifestyle (ELS) was among the leaders today after kicking off REIT earnings season with a solid report which included a 13.1% dividend hike to $1.64/share. ELS ended 2021 with FFO growth of 16.6% and set its initial guidance for 2022 for another 6.3% FFO growth. Income Builder Daily Recap We recently launched Hoya Capital Income Builder - a premier income-focused investment research service through Seeking Alpha Marketplace - that will be the new exclusive home of all of Hoya Capital's investment research.

Income Builder focuses on real income-producing asset classes that offer the opportunity for diversification, monthly income, capital appreciation, and inflation hedging. If you're not already on board, give us a try with a completely risk-free two-week trial and take a look around. U.S. equity markets finished broadly lower Tuesday on another session of wild intra-day market swings as investors await the Federal Reserve policy meeting on Wednesday and a busy slate of earnings reports in the days ahead.

Echoing the price action on Monday, the S&P 500 rallied back from ...