REIT Rally • Healthcare M&A • Earnings Updates

May 3, 2022 | Hoya Capital

REIT Rally • Healthcare M&A • Earnings Updates Real Estate Daily Recap May 3 Written By U.S. equity markets advanced Tuesday while long-term Treasury yields pulled back from three-year highs following a busy slate of earnings reports ahead of a critical Federal Reserve interest rate decision. Real estate equities were leaders today following a strong slate of earnings reports and M&A news. The Equity REIT Index advanced 1% today with 13-of-19 property sectors higher while Mortgage REITs surged nearly 4%.

Healthcare Realty surged 8% after reports that Welltower made a $5 billion offer for the medical office building REIT earlier this year after agreeing to merge with Healthcare Trust of America. Mortgage REIT New Residential (NRZ) rallied 10% after reporting strong results this morning with its Book Value Per Share ("BVPS") gaining 10% in Q1 as its portfolio of Servicing & MSR Related Investments has benefited from the rising rate environment.

Omega Healthcare (OHI) - which had been under pressure over the last month after warning about further rent collection issues from struggling SNF operators - surged more than 10% after reporting moderate success in managing these issues while occupancy rates recovered. 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 while long-term Treasury yields pulled back from three-year highs following a busy slate of earnings reports ahead of a critical Federal Reserve interest rate decision on Wednesday afternoon.

Gaining for the second-straight day following its worst one-day decline since 2020, the S&P 500 advanced ...