REIT Dividend Hikes • Earnings Recap • New Healthcare REIT

February 22, 2023 | Hoya Capital

REIT Dividend Hikes • Earnings Recap • New Healthcare REIT Real Estate Daily Recap Feb 17 Written By U.S. equity markets finished lower Friday as investors readjusted expectations for inflation and interest rates following a busy slate of data indicating an uptick in economic activity and persisting price pressures. Erasing its gains for the week, the S&P 500 finished lower by 0.3% today - posting declines of 0.2% on the week - while the tech-heavy Nasdaq 100 slipped 0.7%.

Real estate equities were mixed today as a busy week of earnings wrapped-up with several strong reports and a handful of dividend hikes. Equity REITs and Mortgage REITs each slipped 0.4%. Another day, another wave of dividend hikes. Another four REITs announced dividend hikes over the past 24 hours, bringing the full-year total to nearly two-dozen: ExtraSpace (EXR), Elme Communities (ELME), CBL Properties (CBL), and Hannon Armstrong (HASI). Healthcare REIT Strawberry Fields (STRW) - which has traded OTC since its direct listing last year - announced it will officially begin trading on the New York Stock Exchange American on Wednesday, February 22, 2023 and will continue to trade under its current symbol.

Income Builder Daily Recap U.S. equity markets finished lower Friday as investors readjusted expectations for inflation and interest rates following a busy slate of data indicating an uptick in economic activity and persisting price pressures. Erasing its gains for the week, the S&P 500 finished lower by 0.3% today - posting declines of 0.2% on the week - while the tech-heavy Nasdaq 100 slipped 0.7%, but held on to modest weekly gains.

The 10-Year Treasury Yield declined 1 basis point to 3.83% after hitting its highest level of the year on Thursday. Real estate equities were mixed today as a busy week of earnings wrapped-up with several strong reports and a handful of dividend hikes. The Equity REIT Index declined 0.4% today with 13-of-18 property sectors in negative territory ...