Inflation Soars • Rents Rise • REIT Dividend Hikes

January 12, 2022 | Hoya Capital

Inflation Soars • Rents Rise • REIT Dividend Hikes Real Estate Daily Recap Jan 12 Written By Summary U.S. equity markets finished mostly-higher Wednesday despite inflation data showing the fastest rate of consumer price increases in four decades as investors looked for signs of a potential inflation peak. Adding to gains of 0.3% yesterday which snapped a five-day skid, the S&P 500 advanced 0.3% while the tech-heavy Nasdaq 100 gained 0.4%.

Mid-Caps slipped 0.3% while Small-Caps declined 0.4%. Residential REITs led the real estate sector higher today as the Equity REIT Index gained 0.2% with 10-of-19 property sectors in positive territory while Mortgage REITs slipped 0.2%. The headline CPI Index showed a 7.0% year-over-year rise in December, the highest since 1982. The cost of shelter gained 0.4% in December, while the annual gain rose to 4.0% - the highest in more than 14 years.

A pair of REITs hiked their dividends this morning as Gladstone Land (LAND) bumped its monthly dividend higher by 0.2% while Gladstone Commercial (GOOD) raised its dividend by 0.1%. After the close today, UMH Properties (UMH) also hiked its dividend by 5.3%. 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 mostly higher Wednesday despite inflation data showing the fastest rate of consumer price increases in four decades as investors looked for signs of a potential peak in price pressures.

Adding to gains of 0.3% yesterday which snapped a five-day skid, the S&P 500 advanced 0.3% today while the tech-heavy Nasdaq 100 ...