Inflation Ahead • Strong REIT Earnings • Rents Rising

February 9, 2022 | Hoya Capital

Inflation Ahead • Strong REIT Earnings • Rents Rising Real Estate Daily Recap Feb 9 Written By U.S. equity markets finished broadly higher Wednesday while Treasury yields declined as investors parsed a busy slate of corporate earnings reports ahead of a closely-watched CPI inflation report tomorrow morning. Pushing its week-to-date gains to nearly 2%, the S&P 500 advanced 1.4% today while the tech-heavy Nasdaq 100 climbed out of "correction territory" with gains of 2.0%.

Real estate equities were leaders today following strong earnings reports over the last 24 hours as the Equity REIT Index advanced 2.2% with all 19 property sectors in positive territory. Coastal apartment REIT UDR rallied 2% after reporting blended leasing spread on new and renewed leases of 11.7% in Q4, which accelerated further to 13.1% in January as rents continue to soar across essentially all segments of the rental markets.

National Retail (NNN) gained 1% today after it kicked off earnings season for the net lease sector with a strong report this morning in which it beat its 2021 guidance and raised its full-year outlook for 2022. 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 finished broadly higher Wednesday while Treasury yields declined as investors parsed a busy slate of corporate earnings reports ahead of a closely-watched CPI inflation report tomorrow morning.

Pushing its week-to-date gains to nearly 2%, the S&P 500 advanced 1.4% today while the tech-heavy Nasdaq 100 climbed out of "correction territory" with gains of 2.0%. Real estate equities ...