REIT Dividend Hike • Yields Jump • Jobs Week

January 3, 2022 | Hoya Capital

REIT Dividend Hike • Yields Jump • Jobs Week Real Estate Daily Recap Jan 3 Written By Summary U.S. equity markets advanced on the first trading day of 2022 as investors looked ahead to a busy week of employment data while monitoring an ongoing surge in COVID cases. After delivering total returns of more than 28% in 2021 including 70 record-highs, the S&P 500 notched its first record-high of 2022, gaining 0.6% today.

Real estate equities were laggards today after delivering the strongest returns of any asset class in 2021. The Equity REIT Index advanced 0.8% with 8-of-19 property sectors in positive territory. Picking Up Where They Left Off: After the close today, Life Storage (LSI) became the first REIT to raise its dividend this year following a historic wave of over 130 REIT dividend increases in 2021. Employment data highlights the busy economic calendar in the week ahead, headlined by ADP Employment data on Wednesday, Jobless Claims on Thursday, and the BLS Nonfarm Payrolls report on Friday.

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U.S. equity markets advanced on the first trading day of 2022 as investors looked ahead to a busy week of employment data while monitoring an ongoing surge in global COVID cases. After delivering total returns of more than 28% in 2021 including 70 record-highs, the S&P 500 notched its first record-high of 2022, gaining 0.6% today while the Mid-Cap 400 advanced 0.3% and the Small-Cap 600 climbed 0.9%. Real estate equities were laggards ...