Earnings Preview: A REIT Revival?

Real estate earnings season kicks into gear this week. The Equity REIT Index has gained 14.0% since the start of earnings season in mid-April. REITs enter this earnings season with upside momentum after a dismal two-year stretch of underperformance. The real estate sector has the most to gain from Fed rate cuts.

Weekly Report: what happened at DRN last week (0715-0719)?

Certainly Uncertain

U.S. Equity markets posted their worst week since April. The tech-heavy Nasdaq 100 slid 4% on the week. Real estate equities led for a second-straight week, lifted by a strong start to REIT and homebuilder earnings season. "certainly uncertain" was the theme across economic reports this week as the Fed entered its "quiet period"

Weekly Report: what happened at DRN last week (0708-0712)?

REITs Rip As Rates Retreat

Weekly Report: what happened at DRN last week (0701-0705)?

Weekly Report: what happened at DRN last week (0624-0628)?

Debate Debacle

U.S. Equity markets were little changed this week while long-term benchmark interest rates surged. The S&P 500 posted fractional declines on the week, but held on to impressive first-half returns of over 15%. Real estate equities posted a relatively strong week as investors rotated into beaten-down value stocks ahead of the Fed pivot towards rate cuts expected later this quarter. A disastrous debate performance by President Biden led to a slowdown in consumer spending and inflation. Crude oil prices rose 1% this week.

Direxion Daily MSCI Real Estate Bull 3X Shares declares quarterly distribution of $0.0760

Direxion Daily MSCI Real Estate Bull 3X Shares declares quarterly distribution of $0.0760 Jun. 25, 2024 9:27am ET. Direxion daily real estate bull 3X shares ETF (DRN) to pay out dividend on Jul 02.

Weekly Report: what happened at DRN last week (0617-0621)?

Consumer Shows Stress

Why More Rate Cuts May Be Needed To Help Lift REITs

MoneyTalk’s Greg Bonnell speaks with Sam Damiani, Director for Equity Research at TD Cowen. The recent interest rate cut by the Bank of Canada appears to have done little to lift the outlook for Canadian REITs. Damiani says more rate cuts may be needed to help lift the REIT market.

Chip Fabs, Data Centers Propping Up Construction

Weekly Report: what happened at DRN last week (0610-0614)?

Divine And Duffy Of U.S. News On Real Estate And REITs Outlook

The Interplay Between Cap Rates And Interest Rates

Home Real Estate Analysis The Interplay Between Cap Rates And Interest Rates is a cornerstone of real estate investment analysis. The relationship between capitalization rates and interest rates is more nuanced than first meets the eye. Cap rates measure the ratio of a property's net operating income to its purchase price. While nominal interest rates have an impact on real estate values, they do not have the same effect on cap rates.

Weekly Report: what happened at DRN last week (0603-0607)?

Jobs Data Dilemma

Weekly Report: what happened at DRN last week (0527-0531)?

Eyes On The ECB

U.S. Equity and bond markets staged a late-week rebound, erasing early-week declines prompted by disappointing Eurozone inflation data. The S&P 500 posted a second week of modest declines following four-straight weekly gains. Real estate equities also rebounded following steep declines in the prior week. Disappointing inflation data in Europe sent benchmark yields higher.