Starwood Property Trust: Why This mREIT Keeps Beating The Competition

Starwood Property Trust is a diversified mREIT that has outperformed the real estate sector at large. The mortgage REIT has been negatively impacted by a difficult commercial real estate market. STWD has a portfolio of $27.3 billion across various asset classes. The company is a leading real estate investor backed by Starwood Capital Group.

Weekly Report: what happened at REM last week (0415-0419)?

Real estate stocks continue on downward trajectory as market's April pullback intensifies

Real estate stocks continue on downward trajectory as market's April pullback intensifies. U.S. Existing home sales slid 4.3% in March. Economic activity expanded slightly, the Federal Reserve said in its April Beige Book report. Investors dial back interest rate cut expectations for real estate.

Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years

REIT Earnings Preview: Delay And Pray

Long-term mortgage rates surpass 7% for 1st time in 2024

Long-term mortgage rates surpass 7% for 1st time in 2024. Freddie Mac Primary Mortgage Survey: 30-year fixed-rate mortgages averaged 7.10% as of April 18. 15-year mortgage rates averaged 6.39% for the same time period.

8 REITs increase dividend payouts in March, says report

Financials 8 REITs increase dividend payouts in March, says report. Retail REIT InvenTrust Properties saw the largest relative dividend growth of the month. Total number of real estate investment trusts that hiked their dividends in Q1 to 35, says S&P Global Market Intelligence.

Capital offering activities by equity REITs rise by 14% M/M in March

Weekly Report: what happened at REM last week (0408-0412)?

Here We Go Again

Real estate stocks continue to dip as earnings season kicks off

Real estate stocks continue to dip as earnings season kicks off. The broader S&P 500 put in its worst weekly performance since late October last year. The Real Estate Select Sector SPDR Fund ETF closed 2.97% lower this week. Inflation data marred sentiments as the Q1 earnings season kicked off on a mixed note.

Long-term mortgage rates near 7% mark

Long-term mortgage rates neared the 7% mark, according to the Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.88% as of April 11. Mortgage applications rose on the back of strong refinancing activities, Freddie Mac says.

New Home Prices Fall, Still Unaffordable For Most American Households

In February 2024, the median new home price sold in the United States fell to $400,500. Even at the lowest price recorded since June 2021, it still remains out of reach for the typical American household. The mortgage payment for a typical new home sold has consistently exceeded the 28% basic affordability threshold.

Weekly Report: what happened at REM last week (0401-0405)?

A Crude Problem

Real estate stocks decline as markets price in reduced hopes of near-term rate cut

Real estate stocks decline as markets price in reduced hopes of near-term rate cut. The Real Estate Select Sector SPDR Fund ETF (XLRE) fell 3% this week. Office REITs were the biggest losers, while the broader S&P 500 suffered its worst week of 2024.

Mortgage rates show little movement, rates not expected to decrease meaningfully

Mortgage rates show little movement, rates not expected to decrease meaningfully in the near-term. 30-year fixed-rate mortgages averaged 6.82% as of April 4, Freddie Mac says. 15-year mortgage rates average 6.06%, down from last week and a year ago.

Rithm Capital's Sector Comparative Analysis - Part 2 (Includes Q2 2024 + Q3 2024 Dividend Projection)

Rithm Capital Corp. (RITM) is a mortgage real estate investment trust (mREIT) company. This article compares RITM's dividend sustainability to 19 other mREIT peers. The article also projects RitM's annual dividend sustainability for Q2 – Q3 2024. The company remains within my/our undervalued range. RithmCapital Corp. Has a buy, sell, or hold recommendation.

REITs finish March trading at 15% discount to NAV per share estimates

Office REITs finish March trading at 15% discount to NAV per share estimates. Industrial Logistics Properties Trust (ILPT) continued to trade at the largest discount to its consensus NAV estimate of $13.26. The median discount of 15% is unchanged from the month prior.

Median Household Income In February 2024

According to Motio Research, median household income dipped in February 2024. The firm's estimate of the typical U.S. Household's median income for February 2024 is $77,265. Motio's index for the typical American household falls below the pre-pandemic level of 112.9 recorded in February 2020.