REIT Earnings • Yields Rise • Diplomacy Talks

February 8, 2022 | Hoya Capital

REIT Earnings • Yields Rise • Diplomacy Talks Real Estate Daily Recap Feb 8 Written By U.S. equity markets advanced Tuesday following reports of easing tensions on the Russia/Ukraine border as volatility levels have retreated this week following a stretch of wild market swings in January. Bouncing back from declines of 0.4% yesterday, the S&P 500 finished higher by 0.8% today while the Mid-Cap 400 rallied 1.9% and the Small-Cap 600 gained 2.0%.

Mortgage REIT New Residential (NRZ) surged 7% after reporting stronger-than-expected results yesterday afternoon, reporting that its book value gained 1% from last quarter and provided a bright outlook for 2022. Simon Property (SPG) slumped 4.5% after reporting mixed results as solid results in the back half of 2021 were offset by a relatively downbeat outlook for 2022. Occupancy rates appear to have stabilized, but rental rates remain under pressure. Unlike their mall REIT peers, shopping center REITs are seeing significantly better fundamentals.

Brixmor Property (BRX) gained 1.5% after it reported strong results, highlighted by 14.5% growth in releasing spreads and a continued uptick in occupancy. 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 advanced Tuesday following reports of easing tensions on the Russia/Ukraine border as volatility levels have retreated this week following a stretch of wild market swings in January. Bouncing back from declines of 0.4% yesterday, the S&P 500 finished higher by 0.8% today while the Mid-Cap 400 rallied 1.9% and the Small-Cap 600 gained 2.0%.

Real estate equities were mostly lower ...