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  • Alex Pettee, CFA

Real Estate Daily Recap: Third Straight Down-Day for REITs

Coming off a 0.2% decline yesterday, the Hoya Capital US REIT Index finished the day slightly lower again, retreating 0.3% on another fairly quiet trading day. The healthcare REIT sector was the lone sector in positive territory while the timber, mall, and hotel REIT sectors were the relative laggards. The S&P 500 finished lower by 0.7%, the second straight day of declines, retreating from all-time record highs set on Monday while the Nasdaq retreated by 0.5%. The 10-Year yield finished the day lower by 6 basis point following slightly weaker-than-expected housing starts and permits data this morning.

The Hoya Capital US Housing Index finished the day lower by 0.3% with all eight housing sectors finishing in negative territory. The Mortgage Lending/Services and the Residential REIT sectors were the relative outperformers. Fidelity, Redfin, Wayfair, TRI Pointe, and HCP each gained at least 0.9% on the day.

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, Timber, 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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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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