Wild Turnaround • Fed Ahead • REIT Earnings Begin

January 24, 2022 | Hoya Capital

Wild Turnaround • Fed Ahead • REIT Earnings Begin Real Estate Daily Recap Jan 24 Written By Summary U.S. equity markets reversed steep early-session declines to close Monday's session with broad-based gains ahead of a frenetic week of Fed commentary, economic data, and major corporate earnings reports. After dipping into "correction territory" earlier in the day, the S&P 500 pared intra-day declines of nearly 4% to end a volatile day higher with gains of 0.3%.

Real estate equities posted a similarly powerful upside reversal as the Equity REIT Index finished higher by 0.2% with all 10-of-19 property sectors in positive territory while Mortgage REITs finished flat. Renewed geopolitical concerns with Russia and weak PMI data initially sent stocks tumbling further this morning before the frenetic late-day rally. Homebuilders and other housing-related stocks were among the upside leaders. Real estate earnings season kicks off this week.

We’ll hear results from manufactured housing REIT Equity Lifestyle (ELS) and office REIT Boston Properties (BXP) over the next 24 hours. 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 reversed steep early-session declines to close Monday's session with broad-based gains ahead of a frenetic week of Fed commentary, economic data, and major corporate earnings reports. After dipping into "correction territory" earlier in the day, the S&P 500 pared intra-day declines of nearly 4% to end the day higher by 0.3% while the tech-heavy Nasdaq 100 posted a nearly 5 percentage-point intra-day turnaround.

Real estate equities posted a similarly powerful upside reversal ...