Fed Hikes • Stocks Rebound • REIT Dividend Hikes

June 15, 2022 | Hoya Capital

Fed Hikes • Stocks Rebound • REIT Dividend Hikes Real Estate Daily Recap Jun 15 Written By U.S. equity markets rebounded Wednesday following a stretch of punishing declines as the Federal Reserve approved the largest rate hike since 1994 as it seeks to combat persistent inflationary pressures. While unable to fully climb out of "bear market" territory, the S&P 500 advanced 1.5% today - trimming its drawdown to roughly 21% - while the tech-heavy Nasdaq 100 rallied 2.5%.

Real estate equities were among the outperformers today as long-term interest rates pulled back and after several REITs hiked their dividends. The Equity REIT Index rallied 2.4% today. Fed officials hiked short-term lending rates by 75 basis points and signaled a more aggressive path of future rate hikes this year, but investors were prepared for the hawkish pivot following three days of punishing declines. A wave of REITs hiked their dividends over the past 24 hours including a trio of cannabis REITs, a pair of net lease REITs, and a pair of mortgage REITs.

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U.S. equity markets rebounded Wednesday following a stretch of punishing declines as the Federal Reserve approved the largest rate hike since 1994 as it seeks to combat persistent inflationary pressures. While unable to fully climb out of "bear market" territory, the S&P 500 advanced 1.5% today - trimming its drawdown to roughly 21% - while the tech-heavy Nasdaq ...