Correction Deepens • REIT Dividend Hikes • Earnings Recap

February 23, 2022 | Hoya Capital

Correction Deepens • REIT Dividend Hikes • Earnings Recap Real Estate Daily Recap Feb 23 Written By U.S. equity markets continued their slide Wednesday, dipping deeper into correction territory on reports that Western diplomacy efforts have failed to prevent a full-scale deployment of Russian military troops into Ukraine. Now nearly 12% below its recent highs, the S&P 500 declined another 1.8% today while the tech-heavy Nasdaq 100 declined 2.6% today and is now nearly 20% off its highs.

Real estate equities were among the better-performers today following a handful of strong earnings results and dividend hikes as the Equity REIT Index declined 1.7% today with 3-of-19 sectors higher. Student housing REIT American Campus (ACC) was among the best performers today after reporting strong results and providing guidance that projects a full recovery in FFO in 2022. Four more REITs hiked their dividends over the last 24 hours including Apple Hospitality (APLE) which became the first hotel REIT to meaningfully restore its dividend.

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 continued their slide Wednesday, dipping deeper into correction territory on reports that Western diplomacy efforts have failed to prevent a full-scale deployment of Russian military troops into Ukraine. Now nearly 12% below its recent highs, the S&P 500 declined another 1.8% today while the tech-heavy Nasdaq 100 declined 2.6% and is now nearly 20% off its highs. Real estate equities were among the better performers today following a handful of strong earnings results and dividend hikes ...