Russia Tensions • Sentiment Sours • REIT Dividend Hikes

February 11, 2022 | Hoya Capital

Russia Tensions • Sentiment Sours • REIT Dividend Hikes Real Estate Daily Recap Feb 11 Written By U.S. equity markets slid for the second straight day Friday as reports of amplified tensions on the Russia/Ukraine border reversed early-session gains while data showed consumer confidence dipping to decade-lows. Ending the week with cumulative declines of 1.6%, the S&P 500 slid 1.9% today while the tech-heavy Nasdaq 100 declined another 3% and is back to 14% below its highs.

Real estate equities were among the outperformers today amid a wave of dividend hikes and strong earnings reports as the Equity REIT Index declined 0.8% today with 5-of-19 property sectors higher. Ongoing concerns over inflation have weighed on consumer confidence in recent months, sending the University of Michigan's consumer sentiment index tumbling back to 10-year lows in February. Five REITs hiked their dividends over the last 24 hours. A trio of shopping center REITs hiked their payouts: Kite Realty, Site Centers, and RPT Realty.

Timber REIT Weyerhaeuser and healthcare REIT Community Healthcare each raised their dividends as well. 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 slid for the second straight day Friday as reports of amplified tensions on the Russia/Ukraine border reversed early-session gains while data showed consumer confidence dipping to decade-lows. Ending the week with cumulative declines of 1.6%, the S&P 500 slid 1.9% today while the tech-heavy Nasdaq 100 declined another 3% and is back to 14% below its recent highs.

Real estate equities were among ...