REIT Dividend Hikes • Bid For Bonds • Sell-Off Deepens

May 19, 2022 | Hoya Capital

REIT Dividend Hikes • Bid For Bonds • Sell-Off Deepens Real Estate Daily Recap May 19 Written By U.S. equity markets remained under pressure Thursday following disappointing economic data and sour retail earnings reports while the Federal Reserve has yet to "blink" amid clear signs of economic slowing. Following its worst single-day decline since June 2020 and now sitting on the cusp of "bear market" territory, the S&P 500 declined another 0.6% today while the tech-heavy Nasdaq 100 declined.

Real estate equities were mixed today despite positive dividend news as the Equity REIT Index declined 0.4% with 6-of-19 property sectors in positive territory while Mortgage REITs declined 1.0%. Apartment REIT Independence Realty gained after hiking its quarterly dividend by 17% and announcing a share buyback program. Elsewhere, Cell tower REIT American Tower raised its dividend for the 53rd consecutive quarter. This afternoon, billboard REIT Lamar Advertising hiked its quarterly dividend by 9.1%.

We've now seen 60 equity REITs and 10 mortgage REITs raise their payouts in 2022, roughly on pace to match the record-high of 130 seen last year. 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 remained under pressure Thursday following disappointing economic data and sour retail earnings reports while the Federal Reserve has yet to "blink" amid clear signs of economic slowing. Following its worst single-day decline since June 2020 and now sitting on the cusp of "bear market" territory, the S&P 500 declined another 0.6% today while the tech-heavy Nasdaq 100 declined 0.5%. ...