Rebound Rally • REIT Dividend Hikes • Medical Office M&A

February 25, 2022 | Hoya Capital

Rebound Rally • REIT Dividend Hikes • Medical Office M&A Real Estate Daily Recap Feb 25 Written By U.S. equity markets continued to rebound Friday- pushing the major averages into positive territory on a frenetic week- after Russia agreed to talks with Ukrainian leadership amidst its military incursion. Real estate equities were among the leaders today and for the week. The Equity REIT Index advanced 2.5% today with every property sector in positive territory while mortgage REITs gained 1.3%.

Medical office building owners Health Trust of America (HTA) and Healthcare Realty Trust (HR) are reportedly in advanced discussions to combine in a transaction that would create a combined company valued at more. Another four equity REITs raised their dividend over the last 24 hours: industrial REIT Prologis (PLD), billboard REIT Lamar Advertising (LAMR), storage REIT National Storage (NSA), and apartment REIT Essex Properties (ESS). CubeSmart (CUBE) and Life Storage (LSI) each rallied today after rounding out a stellar earnings season for self-storage REITs.

Across the storage sector, FFO growth is expected to average more than 16% in 2022 following incredible growth of 27% in 2021. 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 continued to rebound Friday - pushing the major averages into positive territory on a frenetic week - after Russia agreed to talks with Ukrainian leadership amidst its military incursion. Ending a wild week with cumulative gains of 0.7%, the S&P 500 finished higher by 2.2% today while the tech-heavy Nasdaq 100 gained 1.6% ...