income builder 2021 24420.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
hotel REITs
Timber REITs
healthcare REITs
Billboard REITs
shopping center REIT
Casino REITs
cannabis REITs
farmland REIT investing
mortgage REITs
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
  • Alex Pettee, CFA

Reopening Reversal? Another Rough Week For REITs

  • U.S. equity markets pulled back on a volatile week after several states and corporations announced plans to reverse progress on some parts of their reopening plans after coronavirus case counts reaccelerated.

  • Beneath the negative headlines, however, the same data also shows an encouraging decline in coronavirus mortality in the United States with deaths declining to the lowest daily level since March.

  • Adding to last week's declines of 2.1%, Equity REITs finished lower by another 4.8% with all 18 property sectors in negative territory while Mortgage REITs retreated by 2.8%.

  • Rising case counts and delayed reopenings threaten to derail the emerging economic recovery, but for now, the trend of stronger-than-expected economic data continued this week.

  • New Home Sales topped estimates in May, jumping 16.6% from April and were higher by 12.7% from last year as the housing sector remains the engine of the early post-lockdown economic recovery.

To continue reading, click here to visit Seeking Alpha!