England Easing • Markets Rebound • Ian Landfall

September 28, 2022 | Hoya Capital

England Easing • Markets Rebound • Ian Landfall Real Estate Daily Recap Sep 28 Written By U.S. equity and bond markets rebounded Wednesday after the Bank of England became the first major central bank to reverse course by launching emergency easing measures to quell market instability. Snapping a six-session losing streak and delivering its best day in nearly two months, the S&P 500 advanced 2.0% today while the Mid-Cap 400 and Small-Cap 600 each rallied by 3%.

Real estate equities led the rebound after receiving a pounding in recent sessions. The Equity REIT Index gained 2.4% today with all 18 property sectors in positive territory. QT becomes QE? The Bank of England announced that it would buy long-dated government bonds in whatever quantities were needed to address market instability, sending global benchmark interest rates sharply lower. Sunstone Hotel (SHO) rallied 3.5% today after it reinstated its quarterly dividend at $0.05/share - a rate consistent with the company's pre-pandemic dividend amount which was last paid in April 2020.

We've now seen 109 REIT dividend hikes this year. Real Estate Daily Recap U.S. equity and bond markets rebounded Wednesday after the Bank of England became the first major central bank to reverse course by launching emergency easing measures to quell market instability. Snapping a six-session losing streak and delivering its best day in nearly two months, the S&P 500 advanced 2.0% today while the Mid-Cap 400 and Small-Cap 600 each rallied by roughly 3%.

Real estate equities led the rebound after receiving a pounding in recent sessions. The Equity REIT Index gained 2.4% today with all 18 property sectors in positive territory while Mortgage REIT Index gained 2.2%. Homebuilders rallied more than 5% as benchmark long-term interest rates pulled back from post-Financial Crisis highs. Quelling the brutal selling pressure across global bond markets in the wake of the Fed's "jumbo" rate hike last week, the Bank of England became the first major ...