Data Center Deal • REIT Earnings Kick-Off • Twitter Bidding War?

April 18, 2022 | Hoya Capital

Data Center Deal • REIT Earnings Kick-Off • Twitter Bidding War? Real Estate Daily Recap Apr 18 Written By U.S. equity markets finished modestly Monday while bonds remained under pressure on another choppy session ahead of a jam-packed week of corporate earnings reports, economic data, and Fed commentary. Entering the session on a two-week skid following a 2.2% decline last week, the S&P 500 finished fractionally lower today while the Mid-Cap 400 and Small-Caps each declined by 0.6%.

Real estate equities were mostly-lower today as the Equity REIT Index slipped 0.8% with 16-of-19 property sectors in negative territory while Mortgage REITs ended lower by 0.7%. Digital Bridge (DBRG) announced an $800M deal to acquire Wafra’s 31.5% ownership in DigitalBridge’s Investment Management platform for $410M of newly issued common stock and $390M in cash as DBRG seeks to simplify its operations. Real estate earnings season kicks off this week with reports from nine equity REITs and one homebuilder.

Manufactured Housing REIT Equity Lifestyle (ELS) report results this afternoon. 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 modestly Monday while bonds remained under pressure on another choppy session ahead of a jam-packed week of corporate earnings reports, economic data, and Fed commentary. Entering the session on a two-week skid following a 2.2% decline last week, the S&P 500 finished fractionally lower today while the Mid-Cap 400 and Small-Caps each declined by 0.6%. Real estate equities were mostly lower today ahead of the start of REIT earnings season ...