Stocks Slide • CPI Ahead • REIT Dividend Hikes

June 9, 2022 | Hoya Capital

Stocks Slide • CPI Ahead • REIT Dividend Hikes Real Estate Daily Recap Jun 9 Written By U.S. equity markets slid into the close Thursday while yields marched higher ahead of a critical inflation report tomorrow that will carry weight in determining the pace of Fed rate hikes. Declining for the second-straight day and fully erasing its week-to-date gains, the S&P 500 slipped 2.4% today while the Mid-Cap 400 and the Small-Cap 600 each declined by roughly 2%.

Real estate equities were also broadly lower today despite an upbeat slate of REITweek updates and dividend hikes. The Equity REIT Index declined 2.4% today with 18-of-19 property sectors lower. Another day, another handful of REIT dividend hikes. Universal Health REIT and small-cap apartment REIT BRT Apartments each raised their quarterly dividends, bringing the full-year total up to 69 equity REIT dividend hikes. Urstadt Biddle was among the best-performing REITs today after the small-cap shopping center REIT reported solid earnings results that highlighted an acceleration in rent growth on renewed leases.

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 into the close Thursday while yields marched higher ahead of a critical CPI inflation report tomorrow morning that will carry weight in determining the pace of Fed interest-rate hikes. Declining for the second-straight day and fully erasing its week-to-date gains, the S&P 500 slipped 2.4% today while the Mid-Cap 400 and the Small-Cap 600 each declined by roughly 2%. Real estate equities were also broadly lower today despite ...