Fed Ahead • Bear Market • REIT Dividend Increases

March 14, 2022 | Hoya Capital

Fed Ahead • Bear Market • REIT Dividend Increases Real Estate Daily Recap Mar 14 Written By U.S. equity markets finished lower Monday on another choppy session as investors tracked developments in Ukraine while interest rates jumped to multi-year highs ahead of the Fed's rate hike decision. Following declines of nearly 3% last week and finishing at its lowest level since June 2021, the S&P 500 slipped another 0.7% today while the tech-heavy Nasdaq 100 dipped 1.9%.

Real estate equities were lower today as well with the Equity REIT Index declining 0.8% with 17-of-19 property sectors in negative territory while Mortgage REITs declined 1.0%. Another day, another REIT dividend hike. Innovative Industrial Properties (IIPR) - which we own in the Income Builder REIT Dividend Growth Portfolio - hiked its quarterly dividend by 17% to $1.75/share. Aside from the Fed's rate hike decision on Wednesday, the jam-packed economic calendar this week includes PPI data on Tuesday, Retail Sales and Homebuilder Sentiment on Wednesday, Housing Starts on Thursday, and Existing Home Sales on Friday.

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U.S. equity markets finished lower Monday on another choppy session as investors tracked developments in Ukraine while interest rates jumped to multi-year highs ahead of the Fed's rate hike decision this week. Following declines of nearly 3% last week and finishing at its lowest level since June 2021, the S&P 500 slipped another 0.7% today while the tech-heavy Nasdaq 100 dipped 1.9% into "bear market" territory. Real estate equities ...