• Alex Pettee, CFA

Real Estate Daily Recap: REITs & Housing Finish Flat As Trade Tensions Continue To Weigh on Markets

The 10-year yield continued to plunge amid continued trade tensions, dipping below 2.20% in after-hours trading after President Trump announced new tariffs on Mexico. The Hoya Capital US REIT Index finished the day higher by 0.2% led by the cell tower, storage, and healthcare REIT sectors. The mall, hotel, and student housing REIT sectors were the relative laggards on the day. The S&P 500 climbed by 0.3% and the Nasdaq climbed 0.4%. At 2.23%, the 10-Year yield finished the day lower by 1 basis point.

The Hoya Capital US Housing Index finished the day flat with five of the eight sectors in positive territory. The Home Improvement Retail and Residential REIT sector led the way on the day with Zillow, Armstrong, Lennox, At Home, and Wayfair all rising more than 2%.

The Mortgage Lending and Real Estate Insurance sectors were the relative laggards on the day. Overstock, CoreLogic, New Residential, Bed Bath, and Bank of America were each down by more than 2% on the day.

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
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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
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