REIT Dividend Hike • 12% Rent Rise • Inflation Ahead

April 11, 2022 | Hoya Capital

REIT Dividend Hike • 12% Rent Rise • Inflation Ahead Real Estate Daily Recap Apr 11 Written By U.S. equity markets were broadly lower Monday- dragged down by a sharp sell-off among technology and other stocks- as the "bond rout" continued ahead of a jam-packed week of inflation data. Following declines of 1% last week, the S&P 500 slid 1.6% today while the tech-heavy Nasdaq 100 dipped more than 2%.

Mid-Caps and Small-Caps - along with Homebuilders -were notable outperformers. Data provider Moody's Analytics reported that national effective apartment rents soared 12.7% on a year-over-year (YoY) basis in Q1 2022 - a record-high - while the vacancy rate declined to 4.7%,. Tanger Outlets (SKT) hiked its dividend by 9.6% today, declaring a $0.20/share quarterly dividend, representing a forward yield of 4.7%. We've now seen 55 equity REITs raise their dividend this year along with 7 mortgage REITs.

Inflation data highlights the busy slate of economic data in the week ahead. On Tuesday, the BLS will report the Consumer Price Index and we'll see the Producer Price Index on Wednesday, each of which are expected to show the highest rate of inflation in at least four decades. 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 were broadly lower Monday - dragged down by a sharp sell-off among technology and other stocks - as the "bond rout" continued ahead of a jam-packed week of inflation data.

Following declines of 1% last week, the S&P 500 slid 1.6% today ...