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
Housing100logo.png
ETF express.png
  • Alex Pettee, CFA

REITs: This Time Was Different

Updated: Sep 10

  • While the coronavirus crisis isn't yet over, the REIT sector appears likely to avoid the type of long-term lingering pain that was felt by the sector during the Financial Crisis.

  • REITs plunged 70% during the Great Financial Crisis and took nearly eight years to return to prior highs. Back in March, pundits were forecasting a similar "lost decade" for REITs.

  • Most REITs had been "preparing for winter" for the last decade. Some aspects of this crisis were more acute than the GFC, but strong balance sheets and access to capital prevented disaster.

  • As anticipated, REITs reported significant declines in FFO, dividends, and NOI in the second quarter as REITs struggled to collect rent from "non-essential" tenants, metrics that should rebound in Q3.

  • Second-quarter fundamental metrics underscore the central theme that we've discussed extensively throughout the coronavirus pandemic: it all comes down to rent collection, which has improved sequentially every month since April.

To continue reading, click here to visit Seeking Alpha!

  • Facebook Social Icon
  • Twitter Social Icon
  • LinkedIn Social Icon

Hoya Capital Real Estate, LLC

Invest@HoyaCapital.com

(833) HOYA-CAP

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.

Privacy Policy 

 Client Relationship Summary 

Hoya Capital's ADV Part 2

Important Disclosures, Definitions, & List of Holdings 

Seeking-Alpha-Logo.png

The Easy Way To Invest In Real Estate