Housing Shortage • REIT Dividends • Earnings Recap

February 18, 2022 | Hoya Capital

Housing Shortage • REIT Dividends • Earnings Recap Real Estate Daily Recap Feb 18 Written By U.S. equity markets declined Friday - finishing lower for the second-straight week - as ongoing geopolitical tensions and jitters over rising interest rates offset solid earnings and housing market data. Finishing the week with cumulative declines of 1.4%, the S&P 500 declined 0.6% today - and is now 9.1% below recent highs - while the tech-heavy Nasdaq 100 declined 1.1%.

Real estate equities mostly-lower today as well despite strong earnings reports as the Equity REIT Index declined 0.6% with 17-of-19 property sectors in negative territory while Mortgage REITs advanced 0.8%. Despite historically low supply levels, Existing Home Sales in the U.S. were stronger-than-expected in January, rising 6.7% from the prior month to a seasonally adjusted annual rate of 6.5 million with home sales increasing in regions across the country. Two more equity REITs and two mortgage REITs hiked their dividends in the past 24 hours: American Homes (AMH), Medical Properties (MPW), Arbor Realty (ABR), and Hannon Armstrong (HASI).

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U.S. equity markets declined Friday - finishing lower for the second-straight week - as ongoing geopolitical tensions and jitters over rising interest rates offset a solid slate of earnings reports and housing market data. Finishing the week with cumulative declines of 1.4%, the S&P 500 declined 0.6% today - and is now 9.1% below its recent highs - while the tech-heavy Nasdaq 100 declined 1.1%. The Small-Cap ...