Red-Hot PPI • REIT Dividend Hikes • Rents Keep Soaring

February 15, 2022 | Hoya Capital

Red-Hot PPI • REIT Dividend Hikes • Rents Keep Soaring Real Estate Daily Recap Feb 15 Written By U.S. equity markets rebounded Tuesday despite another red-hot inflation report as the back-and-forth diplomacy efforts on the Russia/Ukraine border revealed hopes of a peaceful resolution. Bouncing back from a decline of 0.4% yesterday, the S&P 500 rallied 1.6% today while the tech-heavy Nasdaq 100 gained 2.2% but remains 12% below its recent highs.

Real estate equities were also broadly higher today following strong earnings results and a pair of dividend hikes as the Equity REIT Index advanced 0.9% today. Inflation Remains Relentless: The BLS reported this morning that Producer Prices soared at a 9.7% annual rate in February - significantly hotter than expected - and just a tick below setting fresh record highs. NexPoint Residential rallied more than 3% today after reporting stellar earnings results, highlighted by an incredible 24.5% growth in new lease spreads in Q4.

Results from Spirit Realty and Kite Realty were also quite strong. 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 rebounded Tuesday despite another red-hot inflation report as the back-and-forth diplomacy efforts on the Russia/Ukraine border revealed hopes of a peaceful resolution. Bouncing back from a decline of 0.4% yesterday, the S&P 500 rallied 1.6% today while the tech-heavy Nasdaq 100 gained 2.2% but remains 12% below its recent highs. The Small-Cap 600 and Mid-Cap 400 were higher by 2.0% and 2.2%, respectively. Real estate equities were also broadly higher today following ...