Eyes On Russia • REIT Earnings Updates • Week Ahead

February 14, 2022 | Hoya Capital

Eyes On Russia • REIT Earnings Updates • Week Ahead Real Estate Daily Recap Feb 14 Written By U.S. equity markets were mixed Monday in a whipsaw session as investors parsed conflicting reports over the likelihood and market ramifications of a Russian incursion into Ukraine. Following a decline of 1.8% last week, the S&P 500 declined 0.4% today while the tech-heavy Nasdaq 100 finished fractionally higher but remains 14% below its recent highs.

Real estate equities were laggards ahead of a busy week of earnings reports as the Equity REIT Index declined 0.9% today with all 19 property sectors in negative territory. Net lease REIT American Finance Trust (AFIN) provided a business update noting that it completed the first tranche a $1.3B acquisition of 79 shopping centers from CIM Real Estate Finance (CMCT). AFIN will change its name and ticker tomorrow to Necessity Retail REIT (RTL).

The jam-packed week of economic data includes the Producer Price Index report on Tuesday, Retail Sales and Homebuilder Sentiment on Wednesday, Housing Starts on Thursday, and Existing Home Sales on Friday. 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 were mixed Monday in a whipsaw session as investors parsed conflicting reports over the likelihood and market ramifications of a Russian incursion into Ukraine. Following a decline of 1.8% last week, the S&P 500 declined 0.4% today while the tech-heavy Nasdaq 100 finished fractionally higher but remains 14% below its recent highs.

The Small-Cap 600 and Mid-Cap 400 were each off ...