Oil Unleashed • One Less REIT • Rising Mortgage Rates

March 31, 2022 | Hoya Capital

Oil Unleashed • One Less REIT • Rising Mortgage Rates Real Estate Daily Recap Mar 31 Written By U.S. equity markets declined Thursday - concluding their first losing quarter since March 2020 - amid ongoing concerns over surging inflation, geopolitical tensions, and a swift tightening of monetary policy. Declining for the second-straight day and erasing their weekly gains, the S&P 500 declined 1.5%, ending the quarter with total returns of -4.8%.

The tech-heavy Nasdaq 100 declined 9% in Q1. Real estate equities were mostly lower today - but are still holding on to weekly gains - as the Equity REIT Index declined 1.2% with 18-of-19 property sectors in negative territory. Seritage Growth (SRG) - which emerged from the Sears bankruptcy and now owns 170 properties in primarily Class B and C mall locations -announced that it will no longer be a REIT, converting to a C-corp effective immediately.

Crude Oil (CL1:COM) prices slumped more than 6% today after the Biden administration announced plans to release 1 million barrels of oil per day from the strategic oil reserve. 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 declined Thursday - concluding their first losing quarter since March 2020 - amid ongoing concerns over surging inflation, geopolitical tensions, and a swift tightening of monetary and fiscal policy. Declining for the second-straight day and erasing their weekly gains, the S&P 500 declined 1.5% today, ending the quarter with total returns of -4.8%.

The tech-heavy Nasdaq 100 sipped 1.2% today to ...