REITs Kick-Off Busiest Week Of Earnings [Daily Recap]

May 4, 2020 | Hoya Capital

REITs Kick-Off Busiest Week Of Earnings [Daily Recap] Uncategorized May 4 Written By U.S. equity markets finished mostly higher on Monday on positive data on the status of the coronavirus outbreak while more U.S. states announced plans to re-open their economies. After finishing roughly flat last week, the S&P 500 finished higher by 0.4% while the Dow Jones Industrial Average gained roughly 25 points and the Nasdaq jumped 1.2%. Following gains of roughly 2% last week, real estate equities were mixed ahead of the busiest week of earnings season.

Roughly 50% of REITs announce earnings results this week. The broad-based Equity REIT ETFs declined by 0.6% with 6 of the 18 REIT sectors in positive territory while Mortgage REITs finished flat. Homebuilders gained roughly 1%. Real Estate Daily Recap U.S. equity markets finished mostly higher on Monday on positive data on the status of the coronavirus outbreak while more U.S. states announced plans to re-open their economies. After finishing roughly flat last week, the S&P 500 ETF ( SPY ) finished higher by 0.4% while the Dow Jones Industrial Average ( DIA ) gained roughly 25 points.

Following gains of roughly 2% last week, real estate equities were mixed ahead of the busiest week of earnings season. The broad-based Equity REIT ETFs ( VNQ ) ( SCHH ) declined by 0.6% with 6 of the 18 REIT sectors in positive territory while Mortgage REITs ( REM ) finished flat. Roughly 50% of the REIT universe announces earnings results this week. Click here to read the full report on Seeking Alpha! Countries Comments (0) Newest First Oldest First Newest First Most Liked Least Liked Add Comment --> Preview Edit --> Post Comment… Previous Previous Shopping Center REITs: It Pays To Be Essential Next Next Weekly Outlook: REITs Rebound As Earnings Heat Up