REIT Dividend Hikes • Inflation Ahead • Healthcare Update

January 11, 2022 | Hoya Capital

REIT Dividend Hikes • Inflation Ahead • Healthcare Update Real Estate Daily Recap Jan 11 Written By Summary U.S. equity markets finished broadly higher Tuesday after Fed Chair Powell struck a less hawkish tone in his confirmation hearing, sparking a bid for longer-duration assets ahead of CPI inflation data tomorrow. Snapping a five-day losing streak, the S&P 500 rallied 0.9% today while the tech-heavy Nasdaq 100 gained 1.5% and the Mid-Cap 400 gained 1.0%.

Real estate equities were mostly higher today, but have lagged in the early-goings of 2022 as the Equity REIT Index gained 0.1% with 14-of-19 property sectors in positive-territory while Mortgage REITs advanced 1.3%. Senior Housing REIT Welltower (WELL) reiterated its Q4 FFO guidance as "outsized" fourth-quarter expenses were offset by HHS Provider Relief Fund. WELL noted that occupancy modestly exceeded its guidance and commented that it expects "strong revenue growth in 2022." Following a wave of more than 130 REIT dividend hikes in 2021, we saw our second REIT dividend increase of 2022 today with STAG Industrial (STAG) hiking its monthly dividend.

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U.S. equity markets finished broadly higher Tuesday after Fed Chair Powell struck a less-hawkish tone in his confirmation hearing, sparking a bid for longer-duration assets ahead of a key CPI inflation report tomorrow. Snapping a five-day losing streak, the S&P 500 rallied 0.9% today while the tech-heavy Nasdaq 100 gained 1.5% and the Mid-Cap 400 gained 1.0%. Real estate equities were mostly higher today, but ...