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  • Alex Pettee, CFA

Real Estate Daily Recap: REITs Outperform As Yields Dip To Lowest Level Since 2017

Following consecutive up-days, the Hoya Capital US REIT Index finished the day higher by 0.2%, led by gains in the manufactured housing, cell tower, and net lease REIT sectors. The hotel, office, and mall REIT sectors were the relative underperforms on the day. The S&P 500 climbed declined by 1.2% and the Nasdaq fell 1.5%%. At 2.30%, the 10-Year yield finished the day lower by 9 basis points, dragged down by a 5% drop in crude oil prices, as yields dipped to the lowest level since 2017.

The Hoya Capital US Housing Index finished the day lower by 0.8% with one of the eight sectors finishing in positive territory: Residential REITs.

The Home Furnishings and Real Estate Technology & Brokerage sectors were the relative laggards 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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Hoya Capital Research & Index Innovations is an affiliated index provider and research firm that builds custom indexes tracking U.S. commercial and residential real estate sectors, including indexes tracked by exchange-traded funds (ETFs). 

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