Fed Minutes • REITs Lead • Industrial REIT Updates

April 6, 2022 | Hoya Capital

Fed Minutes • REITs Lead • Industrial REIT Updates Real Estate Daily Recap Apr 6 Written By U.S. equity markets slid for the second straight day Wednesday after minutes from the latest Fed meeting revealed an aggressive - perhaps combative - monetary policy posture from the central bank. Now lower by roughly 1.5% on the week, the S&P 500 slipped 1.0% today while the tech-heavy Nasdaq 100 dipped another 2.2%.

Mid-Caps and Small-Caps were each lower by 1.1%. Real estate equities were outperformers for a second day- led by gains from residential REITs- as the Equity REIT Index advanced 1.2% with 14-of-19 property sectors in positive territory. In the published minutes from their March meeting, Federal Reserve officials strongly considered a "double rate hike" of 50 basis points last meeting and outlined a plan to reduce the size of its balance sheet beginning as soon as next month.

A trio of industrial REITs were in the news today. Plymouth (PLYM) reported that it achieved rental spreads of roughly 16% on leases signed so far in 2022 while Indus Realty (INDT) reported that it achieved 15% rent growth. 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 slid for the second straight day Wednesday after minutes from the latest Fed meeting revealed an aggressive - perhaps combative - monetary policy posture from the central bank to cool financial conditions.

Now lower by roughly 1.5% on the week, the S&P 500 slipped 1.0% today while the tech-heavy Nasdaq 100 ...