Jobs Report • REIT Earnings • Dividend Hikes

November 4, 2022 | Hoya Capital

Jobs Report • REIT Earnings • Dividend Hikes Real Estate Daily Recap Nov 4 Written By U.S. equity markets rebounded Friday- clawing back some of the sharp weekly declines- after lukewarm employment data showed that while hiring has slowed in recent months, labor markets remain historically tight. Cutting its weekly declines to 3.3%, the S&P 500 rebounded 1.4% today while the tech-heavy Nasdaq 100 advanced 1.6% - cutting its weekly losses to under 6%.

Real estate equities were among the better-performers today following a strong slate of earnings reports and a trio of dividend hikes. Equity REITs advanced 1.4% while Mortgage REITs rallied 3.8%. Shopping Center REIT Regency Centers (REG) - which we own in the REIT Dividend Growth Portfolio - rallied nearly 6% after boosting its full-year FFO and NOI outlook while also raising its dividend by 4%. Mortgage REIT Arbor Realty (ABR) - which we own in the REIT Focused Income Portfolio - surged more than 10% today after reporting strong Q3 results and raising its dividend for the fourth time this year.

Income Builder Daily Recap U.S. equity markets rebounded Friday - clawing back some of the sharp weekly declines - after lukewarm employment data showed that while hiring has slowed in recent months, labor markets remain historically tight. Cutting its weekly declines to 3.3%, the S&P 500 rebounded 1.4% today while the tech-heavy Nasdaq 100 advanced 1.6% - cutting its weekly losses to under 6%. Consistent with a theme throughout the week, the Mid-Cap 400 and Small-Cap 600 modestly outperformed the large-cap indexes.

Real estate equities were also among the better-performers today following a strong slate of earnings reports and a trio of dividend hikes. The Equity REIT Index advanced 1.4% today with 15-of-18 property sectors in positive territory while the Mortgage REIT Index rallied 3.8% and Homebuilders gained 2.8%. Real Estate Daily Recap Best & Worst Performance Today Across the REIT Sector Shopping Center : ...