Double-Digit Inflation • REIT Dividend Hikes • Hotel Recovery

April 13, 2022 | Hoya Capital

Double-Digit Inflation • REIT Dividend Hikes • Hotel Recovery Real Estate Daily Recap Apr 13 Written By U.S. equity markets rebounded Wednesday while bonds halted their recent skid despite a mixed start to corporate earnings season and inflation data showing double-digit rates of producer cost increases. Still lower by more than 1% on the week, the S&P 500 rebounded with 1.2% gains today while the tech-heavy Nasdaq 100 rallied 2% following steep declines earlier in the week.

Real estate equities were broadly today as well with the Equity REIT Index advancing 0.8% with 16-of-19 property sectors in positive territory while Mortgage REITs gained 1.2%. Park Hotels (PK) surged nearly 10% today after reporting that its occupancy rate in March improved to 63% - up 10.1 percentage points from February - and to within 20% of its pre-pandemic level. A pair of REITs hiked their dividends over the past 24 hours.

Net lease REIT Agree Realty (ACC) declared a $0.234/share monthly dividend, a 3.1% increase from its prior 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 rebounded Wednesday while bonds halted their recent skid despite a mixed start to corporate earnings season and inflation data showing double-digit rates of producer cost increases. Still lower by more than 1% on the week, the S&P 500 rebounded with 1.2% gains today while the tech-heavy Nasdaq 100 rallied 2% after steep declines earlier in the week.

Mid-Caps and Small-Caps were again notable outperformers with gains of 1.6% and 1.8%, ...