income builder 2021 24420.png
apartment REITs
homebuilders ETFs
single family rental REITs
manufactured housing REITs
student housing REITs
data center REITs
Cell tower REITs
net lease REITs
industrial REITs
storage REITs
office REITs
mall REITs
hotel REITs
Timber REITs
healthcare REITs
Billboard REITs
shopping center REIT
Casino REITs
cannabis REITs
farmland REIT investing
mortgage REITs

Explore our Real Estate Indexes

The Easy Way To Invest in Real Estate

RIET Hoya Capital High Dividend Yield ETF.png
HOMZ_Logo_Just Ticker.png
ETF express.png
  • Alex Pettee, CFA

From Bad To Worse For REITs

There were few places to hide on another punishing week for global equity markets as the coronavirus-related shutdowns continue to wreak havoc on the global financial system.

Despite unprecedented monetary policy action by central banks and promises of substantial fiscal stimulus, a forthcoming recession appears inevitable and unavoidable but hopefully short-lived.

Following a decline of nearly 10% last week, the S&P 500 plunged another 15% while the Dow Jones dipped another 4,000 points on the worst week for stocks since 2008.

For real estate, this time "should" be different, but markets think otherwise. It was a historically bad week for any and all real estate-related equities. REITs plunged nearly 25% in their all-time worst week.

Backwards-looking data, including Existing Home Sales, has shown that the U.S. economy - and particularly the U.S. housing industry - was firing on all cylinders in early 2020 before the coronavirus crisis.

To continue reading, click here to visit Seeking Alpha!