Commodities Dip • REIT Conversion • Week Ahead

July 5, 2022 | Hoya Capital

Commodities Dip • REIT Conversion • Week Ahead Real Estate Daily Recap Jul 5 Written By U.S. equity markets were mixed Tuesday as mounting concerns over global economic growth drove sharp selling pressure across the commodities complex and added fuel to the recent retreat in benchmark interest rates. Following declines of roughly 2% last week - its 11th decline in the past 13 weeks - the S&P 500 advanced 0.2% today while the tech-heavy Nasdaq 100 rallied 1.7%.

Real estate equities - which were among the leaders last week - were mixed today. The Equity REIT Index declined 0.3% with 9 of 19 property sectors in positive territory. Commodities were the center of the market action today amid mounting demand concerns after economic data across Europe and Asia pointed to a looming recession across several major economies. NexPoint Diversified Real Estate (NXDT) completed its transition from a closed-end fund into a publicly-traded REIT.

NXDT owns a portfolio with an enterprise value of roughly $1B, diversified across several asset classes with its most significant position in non-traded single-family rental REIT VineBrook Homes. 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 were mixed Tuesday as mounting concerns over global economic growth drove sharp selling pressure across the commodities complex and added fuel to the recent retreat in benchmark interest rates. Following declines of roughly 2% last week - its 11th decline in the past 13 weeks - the S&P 500 advanced 0.2% today while the tech-heavy Nasdaq 100 ...