Energy Crisis • Data Center M&A? • Reverse Split

March 23, 2022 | Hoya Capital

Energy Crisis • Data Center M&A? • Reverse Split Real Estate Daily Recap Mar 23 Written By U.S. equity markets finished broadly lower today on another choppy session amid renewed concern over a global energy shortage and persistent inflation resulting from the ongoing Russia/Ukraine conflict. Giving back all of yesterday's gains, the S&P 500 retreated 1.3% today while the tech-heavy Nasdaq 100 dipped 1.4% and is now 13% below its recent highs.

Real estate equities were also broadly lower today, but were among the better-performers, as the Equity REIT Index declined 1.2% with all 19 property sectors in negative-territory while Mortgage REITs slipped 0.9%. Switch (SWCH) - a data center operator that plans to convert to a REIT by 2023 - remains in the spotlight following a report earlier this week that it is exploring a potential sale of the company with Digital Realty and Equinix as potential bidders.

MFA Financial (MFA) announced that its Board of Directors approved a reverse stock split of the Company's common stock at a ratio of 1-for-4, which will take effect following the close of business on April 4th. 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 broadly lower today on another choppy session amid renewed concern over a global energy shortage and persistent inflation resulting from the ongoing Russia/Ukraine conflict.

Giving back all of yesterday's gains, the S&P 500 retreated 1.3% today while the tech-heavy Nasdaq 100 dipped 1.4% and is now 13% below its recent highs. Real ...