Red-Hot Inflation • REIT Dividend Hike • $1.5 Trillion Bill

March 9, 2022 | Hoya Capital

Red-Hot Inflation • REIT Dividend Hike • $1.5 Trillion Bill Real Estate Daily Recap Mar 10 Written By U.S. equity markets retreated Thursday in another choppy session after talks between Russia and Ukraine failed to yield a cease-fire agreement while CPI data showed the highest rate of consumer inflation in four decades. Retreating after its strongest day of gains since June 2020 and pushing its week-to-date declines to roughly 2%, the S&P 500 slipped 0.4% today while the tech-heavy Nasdaq 100 dipped 1.1%.

Real estate equities were among the leaders today as the Equity REIT Index gained 0.3% with 13-of-19 property sectors in positive territory while Mortgage REITs advanced 0.2%. Consumer prices surged at the fastest pace in nearly four decades in February - even before the further surge in prices related to the Russia/Ukraine conflict - driven by surges in gasoline and food prices. AFC Gamma (AFCG) - a cannabis mortgage REIT that went public last February - was among the leaders today after reporting solid results and hiking its quarterly dividend by 10% to $0.55/share.

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U.S. equity markets finished lower Thursday in another choppy session after talks between Russia and Ukraine failed to yield a cease-fire agreement while CPI data showed the highest rate of consumer inflation in four decades. Retreating after its strongest day of gains since June 2020 and pushing its week-to-date declines to roughly 2%, the S&P 500 slipped 0.4% today while the tech-heavy Nasdaq 100 ...