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

Reopenings Retracted | Rally Reversed | Earnings Ahead

Daily Recap

  • U.S. equity markets reversed early-session gains on Monday, finishing mostly lower after California announced a reimposition of economic lockdowns on many services-oriented businesses amid an uptick in confirmed virus cases.

  • Following gains of 1.7% last week, the S&P 500 finished lower by 0.9% today while the Dow Jones Industrial Average finished roughly flat, more than 500 points below its intra-day-high.

  • After finishing last week lower by 2.4%, Equity REIT ETFs finished lower by another 1.2% today with 15 of 18 property sectors in negative territory while Mortgage REITs fell 0.3%.

  • Following a fairly slow week of economic data, we have a busy slate of economic data in the week ahead, as well as the official start of second-quarter earnings season with the "big banks" reporting results.

  • REIT earnings season kicks off a week from today. As with Q1 earnings season, rent collection and dividend cuts/resumptions are expected to be the primary focus of investors in the second quarter.

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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