REIT Week • Yields Climb • Inflation Data Ahead

June 6, 2022 | Hoya Capital

REIT Week • Yields Climb • Inflation Data Ahead Real Estate Daily Recap Jun 6 Written By U.S. equity markets finished modestly higher Monday while benchmark interest rates and commodities prices continued to march higher ahead of a critical CPI inflation report on Friday. Following declines of 1.1% last week- its eighth week of losses out of the past nine- the S&P 500 advanced 0.3% today while the Mid-Cap 400 and Small-Cap 600 each gained 0.6%.

Ahead of the start of REITweek on Tuesday- the industry's annual trade conference- real estate equities were mixed as the Equity REIT Index slipped 0.2% today while mREITs declined 0.6%. Net lease REIT Essential Properties (EPRT) hiked its quarterly dividend by 4% to $0.27/share, representing a forward yield of roughly 4.7%. EPRT becomes the 67th equity REIT to raise its dividend this year. Friday's CPI report may potentially reveal that the fastest pace of year-over-year increases is finally behind us.

Both the headline and Core CPI is expected to show a cooldown in May to 8.3% and 5.9%, respectively. 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 modestly higher Monday while benchmark interest rates and commodities prices continued to march higher ahead of a critical CPI inflation report on Friday. Following declines of 1.1% last week - its eighth week of losses out of the past nine weeks - the S&P 500 advanced 0.3% today while the Mid-Cap 400 and Small-Cap 600 each advanced 0.6%.

Ahead of the start ...