EU Energy Crisis • REIT Earnings • Week Ahead

July 25, 2022 | Hoya Capital

EU Energy Crisis • REIT Earnings • Week Ahead Real Estate Daily Recap Jul 25 Written By U.S. equity markets were mixed Monday ahead of a jam-packed week of economic data, corporate earnings results, and the Fed rate hike decision with recession and inflation concerns in the spotlight. Following gains of more than 2% last week - just its fourth "up-week" in sixteen weeks - the S&P 500 finished fractionally higher today.

Mid-Caps and Small-Caps gained 0.6%. Real estate equities were mostly-higher today ahead of a busy slate of REIT earnings results over the coming week. The Equity REIT Index gained 0.2% today with 11-of-18 property sectors higher. Economic issues in the Euro Area were amplified today after Russia said it would further reduce natural-gas supplies to Europe this week - a region still heavily dependent on Russian exports for 40-60% of their heating and electric power.

REIT earnings season kicks into gear this week with reports from nearly a quarter of the sector over the coming five days. This afternoon, we'll hear results from lab space REIT Alexandria Realty (ARE) and manufactured housing REIT Sun Communities (SUI). Income Builder Daily Recap U.S. equity markets were mixed Monday ahead of a jam-packed week of economic data, corporate earnings results, and the Fed rate hike decision with recession and inflation concerns in the spotlight.

Following gains of more than 2% last week - just its fourth "up-week" in sixteen weeks - the S&P 500 finished fractionally higher today. Domestic-focused indexes delivered stronger gains with the Mid-Cap 400 and Small-Cap 600 advancing 0.6% while the tech-heavy Nasdaq 100 slumped 0.7%. Real estate equities were mostly-higher today ahead of a busy slate of REIT earnings results over the coming week. The Equity REIT Index gained 0.2% today with 11-of-18 property sectors in positive territory while the Mortgage REIT Index gained 0.7%.

As discussed in our Real Estate Weekly Outlook , all eyes are ...