REIT M&A • Rents Rising • Jobs Day Ahead

March 3, 2022 | Hoya Capital

REIT M&A • Rents Rising • Jobs Day Ahead Real Estate Daily Recap Mar 3 Written By U.S. equity markets finished lower Thursday on another volatile day after talks between Russia and Ukraine failed to reach a cease-fire while oil prices remained near the highest level since 2008. Retreating following strong gains of 1.8% yesterday, the S&P 500 slipped 0.6% today while the tech-heavy Nasdaq 100 declined 1.4% while WTI Crude Oil prices settled lower by 2% to $108/barrel.

Real estate equities were among the outperformers for the third-straight day as the Equity REIT Index advanced 0.5% with 13-of-19 property sectors in positive territory while the Mortgage REITs declined 0.7%. Cedar Realty (CDR) soared 15% today after announcing it will sell the majority of its portfolio to private equity firm DRA Advisors while the remainder of its assets will be acquired by small-cap REIT Wheeler Real Estate (WHLR). Tricon (TCN) rallied 3% today after reporting very strong results as single family rents continue to increase by double-digit rates across most of its Sunbelt markets.

TCN recorded incredible rent growth on new leases of 19.1% in Q4 and in January. 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 finished lower Thursday on another volatile day after talks between Russia and Ukraine failed to reach a cease-fire while oil prices remained near the highest level since 2008. Retreating following strong gains of 1.8% yesterday, the S&P 500 slipped 0.6% today while the tech-heavy Nasdaq 100 declined by 1.4% ...