• Alex Pettee, CFA

Real Estate Daily Recap: REITs Decline Despite Bond Yields Hitting Multi-Year Lows

Following a nearly 1% yesterday, the Hoya Capital US REIT Index declined by 0.4% on the day, led to the downside by the data center, storage, and net lease REIT sectors. The hotel and cell tower REIT sectors outperformed on the day. Housing Permits & Starts data were above-estimates this morning, but bond yields dipped to multi-year lows after the ECB signaled a more aggressive monetary policy stance ahead of the Fed rate decision tomorrow. The S&P 500 finished higher by 1.0% while the Nasdaq climbed 1.5%.

The Hoya Capital US Housing Index finished the day higher by 0.2% despite declines in the homebuilder and residential REIT sectors. The Real Estate Technology & Brokerage sectors led the way on the day. Potlatchdeltic, Regions Financial, Armstrong, RealPage, Beacon Roofing, and Whirlpool were each up by more than 2.5% on the day.

In the commercial REIT sector, Washington Prime, Diamondrock, CBL, and RLJ led the way, each climbing by 1.5% or more.

For an in-depth analysis of all real estate sectors, be sure to check out all of our quarterly reports: Homebuilders, Apartments, Student Housing, Single Family Rentals, Manufactured Housing, Cell Towers, Healthcare, Industrial, Data Center, Malls, Net Lease, Apartments, Shopping Centers, Hotels, Office, Storage, and Real Estate Crowdfunding.

Disclosure: An investor cannot invest directly in an index and index performance does not reflect the deduction of any fees, expenses or taxes. The information presented does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. We consider the information in this presentation to be accurate, but we do not represent that it is complete. It should not be relied upon as the sole source of suitability for investment. Please consult with your investment, tax or legal adviser regarding your individual circumstances before investing. Visit our website for a complete definition of all indexes cited in this report. Investing involves risk and loss of principal is possible.

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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
REIT Preferreds and Bonds
hotel REITs
Timber REITs
healthcare REITs
Billboard REITs
shopping center REIT
High-Yield Real Estate ETFs
Real Estate CEFs
Casino REITs
cannabis REITs
prison REITs
mortgage REITs
real estate crowdfunding
REIT Portfolio Strategy
REITs Taxes
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