Omicron Arrives • Cannabis REIT IPO • Income Builder Addition

December 1, 2021 | Hoya Capital

Omicron Arrives • Cannabis REIT IPO • Income Builder Addition Daily Recap Dec 1 Written By Summary U.S. equity markets slid for the second-straight day, retreating from strong early-session gains on another volatile session following the reported arrival of the first known U.S. case of the Omicron variant. Following declines of 2% yesterday and suffering its worst two-day decline since October 2020, the S&P 500 dipped 1.2% today while the Mid-Cap 400 declined 1.6% and the Small-Cap 600 slipped 1.5%.

Real estate equities were broadly lower as well as the Equity REIT Index declined 1.7% today with 18-of-19 property sectors in negative territory while Mortgage REITs declined 1.4%. We'll soon see a fourth exchange-listed cannabis REIT. Chicago Atlantic Real Estate Finance announced plans to raise $106M in its upcoming IPO and will list on NASDAQ under the symbol "REFI." We're excited to announce the addition of Philip Eric Jones to the Hoya Capital Income Builder contributor team, who will further deepen our REIT coverage.

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 slid for the second-straight day, retreating from strong early-session gains on another volatile session following the reported arrival of the first known U.S. case of the Omicron variant. Following declines of 2% yesterday and suffering its worst two-day decline since October 2020, the S&P 500 dipped another 1.2% today while the Mid-Cap 400 declined 1.6% and the Small-Cap 600 slipped 1.5%. Real estate equities were broadly lower as well as the Equity REIT Index ...