Bear Market • Retail Rout • REIT Dividend Hike

May 20, 2022 | Hoya Capital

Bear Market • Retail Rout • REIT Dividend Hike Real Estate Daily Recap May 20 Written By U.S. equity markets remained under pressure Friday- extending a dismal stretch of declines to seven-straight weeks- amid concerns over inflation, slowing growth, and questions over the Fed's ability to engineer a "soft-landing." Briefly dipping into "bear market" territory before paring its declines, the S&P 500 finished fractionally higher. The Dow extended its skid to eight-straight weeks, it's worst stretch since the Great Depression.

Real estate equities were among the leaders on the day - and for the week - as the Equity REIT Index advanced 0.7% today with 9-of-19 property sectors in positive territory. Another day, another REIT dividend hike. Timber REIT Rayonier hiked its quarterly dividend by 6% to $0.285/share - its first dividend increase since 2018 - and the 61st REIT dividend hike of 2022. Seemingly "stuck between a rock and a hard place," comments from Fed officials throughout the week indicated that the FOMC appears content with the "repricing in markets" and unfazed by signs of cracks emerging in leading economic indicators.

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U.S. equity markets remained under pressure Friday - extending a dismal stretch of declines to seven-straight weeks - amid concerns over inflation, slowing growth, and questions over the Fed's ability to engineer a "soft-landing." Briefly dipping into official "bear market" territory before paring its declines late in the session, the S&P 500 finished fractionally higher today but the tech-heavy ...