Keepin' It Real 

Economics, Housing, & Commercial Real Estate Analysis

Apartment REITs
Data Center REITs
Mall REITs
Net Lease REITs
Hotel REITs
Single Family Rental REITs
Mobile Home REITs
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  • Alex Pettee, CFA

REITs Rebound | Home Sales Surge | Simon Slashes Dividend

Daily Recap

  • U.S. equity markets finished decisively higher on Monday on data showing a continued rebound in the critical U.S. housing market despite lingering concerns over rising coronavirus case-counts in several regions.

  • Bouncing back from last week's 2.8% decline, the S&P 500 finished higher by 1.5% today while the Dow Jones Industrial Average jumped 580-points, driven by a sharp rebound by Boeing.

  • Following declines of 4.8% last week, broad-based Equity REIT ETFs gained 1.9% today with 15 of 18 property sectors in positive territory while the Mortgage REIT ETF jumped 2.5%.

  • Pending Home Sales surged a record-setting 44.3% in May compared with April as the U.S. housing sector remains the engine of the early post-lockdown economic recovery.

  • Mall REIT Simon Property trimmed its dividend by nearly 40%, becoming the 58th equity REIT to reduce or suspend its dividend. SPG's announcement came as a relief to some investors fearing an outright dividend suspension.

To read the full report, click here to visit Seeking Alpha!

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Hoya Capital Real Estate, LLC

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Hoya Capital Real Estate ("Hoya Capital") is an SEC-registered investment advisory firm that provides investment management services to ETFs, individuals, and institutions, focusing on portfolio and index management of publicly traded securities in the real estate industry. It is not possible to invest directly in an index. Index performance cited in this website or commentary does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. Nothing on this site nor any published commentary by Hoya Capital is intended to be investment, tax, or legal advice or an offer to buy or sell securities. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and should not be considered a complete discussion of all factors and risks. Data quoted represents past performance, which is no guarantee of future results. Investing involves risk. Loss of principal is possible. Investments in companies involved in the real estate and housing industries involve unique risks, as do investments in ETFs, mutual funds, and other securities. Hoya Capital has no business relationship with any company discussed/mentioned. Hoya Capital never receives compensation from any company discussed/mentioned. Hoya Capital, its affiliate, and/or its clients and/or its employees may hold positions in securities or funds discussed on this website and our published commentary. A complete list of holdings and other important disclosures and definitions are available by clicking the links below.

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