Did Rent Get Paid? REIT Earnings Update

May 5, 2020 | Hoya Capital

Did Rent Get Paid? REIT Earnings Update Uncategorized May 5 Written By U.S. equity markets climbed for the second straight day on Tuesday as states and corporations announce re-opening plans amid mounting data that the worst of the pandemic has now passed. After finishing higher by 0.4% yesterday, the S&P 500 finished higher by 0.9% while the Dow Jones Industrial Average gained roughly 140 points while the Nasdaq gained 1.1%.

Following modest declines yesterday, real estate equities finished mostly higher today as earnings season hits high-gear over the next 72 hours with more than 60 REITs reporting results. The broad-based Equity REIT ETFs climbed 0.3% led by the single-family rental and technology REIT sectors while Mortgage REITs gained 2.3%. Housing stocks delivered another strong day. Rent collection in April has been largely a non-issue for the residential, industrial, and office REIT sectors.

The same can't be said for retail REITs, which have collected anywhere from 40-70% of April rents. Real Estate Daily Recap U.S. equity markets climbed for the second straight day on Tuesday as states and corporations announce re-opening plans amid mounting data that the worst of the pandemic has now passed. After finishing higher by 0.4% yesterday, the S&P 500 ETF ( SPY ) finished higher by 0.9% while the Dow Jones Industrial Average ( DIA ) gained roughly 140 points.

Following modest declines yesterday, real estate equities finished mostly higher today as earnings season hits high-gear over the next 72 hours with more than 60 REITs reporting results. The broad-based Equity REIT ETFs ( VNQ ) ( SCHH ) climbed 0.3% led by the single-family rental and technology REIT sectors while Mortgage REITs ( REM ) gained 2.3%. Click here to read the full report on Seeking Alpha! Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous Frenetic Day Of REIT Earnings Next Next ...