• Alex Pettee, CFA

REIT Earnings Preview: Inflation And Dividend Hikes In Focus

  • Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month.

  • REITs enter third-quarter earnings season as the second-best-performing asset class this year with total returns of nearly 30%, trailing only commodities which have similar inflation-hedging characteristics.

  • Residential REITs and specialty REIT sectors - billboard, cannabis, and timber REITs - delivered the strongest returns over the last quarter. Large-cap technology REITs have uncharacteristically lagged.

  • It'll be hard to top the record-pace of "beat and raise" reports in Q2 in which 95% of equity REITs topped consensus FFO estimates and 75% of the REITs that provide forward guidance boosted their full-year outlook.

  • 110 REITs have already hiked their dividends this year. We discuss the themes and metrics we'll be watching across all of the major real estate property sectors this earnings season.

Click Here To Read The Full Report on Seeking Alpha!


Disclosure: Hoya Capital Real Estate advises two Exchange-Traded Funds listed on the NYSE. In addition to any long positions listed below, Hoya Capital is long all components in the Hoya Capital Housing 100 Index and in the Hoya Capital High Dividend Yield Index. Index definitions and a complete list of holdings are available on our website.

Additional Disclosure: It is not possible to invest directly in an index. Index performance cited in this commentary does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. Data quoted represents past performance, which is no guarantee of future results. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy.

Glass Buildings
income builder 2021 24420.png
income builder trial button.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
REIT Preferreds and Bonds
hotel REITs
Timber REITs
healthcare REITs
REIT ETFs
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
1/1

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
high yield REIT investing hoya capital logo.png