Meta Plunge • REIT Earnings • Rent-To-Own Deal

February 3, 2022 | Hoya Capital

Meta Plunge • REIT Earnings • Rent-To-Own Deal Real Estate Daily Recap Feb 3 Written By Summary U.S. equity markets finished sharply lower Thursday- snapping a four-day winning streak- after disappointing earnings results from several mega-cap technology companies dragged on the major averages. Still hanging onto week-to-date gains of roughly 1%, the S&P 500 slumped 2.4% today while the tech-heavy Nasdaq 100 dipped more than 4%. Mid-Cap and Small-Caps declined by roughly 1.5%.

Real estate equities were among the outperformers today following strong results from residential REITs, but the Equity REIT Index still finished lower by 1.1% today with 18-of-19 property sectors in negative-territory. The focus today was on Meta Platforms (FB) - formerly known as Facebook - which recorded a historic one-day plunge that erased the over 25% of market value from one of the world's largest companies. Mid-America Apartments (MAA) was among the leaders today after reporting another stellar quarter, noting a continued acceleration in rent growth in late 2021 and into early 2022, recording blended rent growth of 16.0% in Q4 and 16.3% in January, both record-highs for the company.

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 sharply lower Thursday- snapping a four-day winning streak- after disappointing earnings results from several mega-cap technology companies dragged on the major averages. Still hanging onto week-to-date gains of roughly 1%, the S&P 500 slumped 2.4% today while the tech-heavy Nasdaq 100 dipped more than 4%. Mid-Cap and Small-Caps declined by roughly 1.5%. Real estate ...