Simon Property Group

AvalonBay Communities

Vici Properties

Equity Residential

Prologis

Essex Property Trust

Mid-America Apartment Communities

Kimco Realty

American Tower

Equinix

FlexShares Global Quality Real Estate Index Fund

GQRE tracks a global index of non-mortgage REITs and operating companies, selected and weighted by quality, momentum and value.

Alpine Global Premier Properties Fund

Cambria Global Real Estate ETF

Xtrackers California Municipal Bond ETF

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Home Appreciation US REIT ETF

Xtrackers International Real Estate ETF

Hoya Capital Housing ETF

iShares Cohen & Steers REIT ETF

iShares International Developed Real Estate ETF

CBRE Global Real Estate Income Fund

Pacer Benchmark Industrial Real Estate SCTR ETF

IREIT - Marketvector Quality REIT Index ETF

iShares U.S. Home Construction ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

VanEck Mortgage REIT Income ETF

Direxion Daily Homebuilders & Supplies Bull 3X Shares

NETLease Corporate Real Estate ETF

Neuberger Berman Real Estate Securities Income Fund Inc

Nuveen Short-Term REIT ETF

InfraCap REIT Preferred ETF

For income-focused investors willing to venture outside the United States, Canadian REITs offer appealing qualities as a potential portfolio diversifier alongside their larger and more established U.S. peers. Canadian REITs, on average, offer higher monthly dividend yields and trade at lower P/FFO multiples compared to their U.S. counterparts, but typically have weaker balance sheets with higher debt ratios. In this report, we take a quick look at 30 Canadian REITs and break down the industry on a sector-by-sector level. We also take a deep dive into H&R REIT.

Canadian REITs: Higher Yield Up North

FlexShares Global Quality Real Estate Index Fund ETF selects real estate companies based on quality, value and momentum. GQRE has a global strategy, but 65% of its assets are in the U.S. GQRE shows a more attractive valuation than the US-only ETF VNQ, but has underperformed it since its inception.

GQRE: Sophisticated Real Estate ETF, Not Better Than Simple Ones

American Assets

Armada Hoffler Properties

Alexander's

Brookfield Asset Management

Brandywine Realty

Boston Properties

City Office REIT

CIM Commercial Trust

Cousins Properties

Easterly Government Properties

Douglas Emmett

Elme Communities

Equity Commonwealth

Empire State Realty Trust

Invesco S&P 500 Equal Weight Real Estate ETF

Franklin Street Properties Corp.

Highwoods Properties

Hudson Pacific Properties

The new pariah of the commercial real estate sector, Office REITs, have remained in free-fall in recent months, plunging another 30% this year following a plunge of nearly 40% last year. Just how bad is it? The surge in interest rates has turned a weak-but-manageable situation into a bleak one, but there is more nuance than what the prevailing narrative would suggest.

Office REITs: The New Malls

Blackstone Group

CBRE Group

Americold Realty

EastGroup Properties

First Industrial Realty Trust

Industrial Logistics Properties

Indus Realty Trust Inc

Jones Lang LaSalle

Lexington Realty

No slowdown here. After the worst year of performance on record in 2022, Industrial REITs have rebounded this year after earnings results showed a surprising re-strengthening of property-level fundamentals. Recent earnings results showed that demand continues to substantially outpace available supply. Rent growth reaccelerated in early-2023, with rental spreads averaging over 40%, while occupancy rates climbed to fresh record.

Industrial REITs: We Love Logistics

CubeSmart

Extra Space Storage

Life Storage

National Storage Affiliates Trust

Storage REITs are the best-performing property sector this year after lagging in late 2022, lifted by surprisingly solid earnings results and a thawing of the previously icy-cold housing market. Storage demand is driven largely by housing activity – specifically, home sales and rental market turnover - and the recent moderation in mortgage rates has eased concern of a deepening housing recession.

Storage Wars

Apartment Income REIT Corp

Apartment Investment and Management

American Homes 4 Rent

BRT Apartments

Clipper Realty

Camden Property

Centerspace REIT

Equity LifeStyle Properties

Invitation Homes

Apartment REITs were the second-worst-performing property sector in 2022 - barely outperforming the troubled office sector - despite delivering a record year of operating performance highlighted by 20% FFO growth. Following two years of historic rent growth, there is little doubt that growth will moderate over the coming quarters. Market consensus sees a "hard landing" with rising vacancies and declining rents.

Apartment REITs: Tracking For Soft Landing

Despite delivering the strongest earnings growth of any property sector in 2022, Self-Storage REITs have stumbled of late amid a post-pandemic demand normalization and pressure from elevated supply growth. Storage demand is driven largely by housing activity – specifically home sales and rental market turnover. Rental market turnover finished 2022 near historic-lows while home sales also dipped to decade-lows.

Storage REITs: Downsized Demand

Airbnb

Ashford Hospitality Trust

Apple Hospitality REIT

Braemar Hotels & Resorts Inc

Booking Hlds

Carnival

Choice Hotels Int.

Chatham Lodging Trust

DiamondRock Hospitality

Expedia

Hyatt Hotels

Hilton Worldwide Holdings

Host Hotels & Resorts

Hersha Hospitality Trust Class A

Despite lingering recession concerns and recent travel disruptions, Hotel REITs have been among the better-performing sectors over the past year, buoyed by steady post-pandemic operating improvement fueling long-awaited dividend resumptions. Several years of pent-up leisure demand helped to offset a sluggish business and group travel recovery. Hotel revenues eclipsed record highs in 2022, but with wide dispersion between markets and segments.

Hotel REITs: Dividends Are Back

Amazon

FedEx

Home Depot

Lowe's

Pressured by global recession concerns, Industrial REITs dipped by 30% in 2022 - the sector's worst year on record- snapping a seven-year streak of outperformance over the broader REIT Index. The frenzied investment in logistics space clashed with already-tight supply, fueling an incredible surge in rent growth across logistics and warehouse properties. Market rents have soared 50% since early 2021.

Industrial REITs: Shortages Become Gluts

FlexShares Real Assets Allocation Index Fund

FlexShares Morningstar Global Upstream Natural Resources Index Fund

FlexShares STOXX Global Broad Infrastructure Index Fund

U.S. equity correlations are at an extreme compared to historical norms, according to S&P Dow Jones Indices. As the U.S. equity benchmark completed its worst first half since 1970 with an 8% monthly decline, correlations between the daily performances of S&P 500 constituents continued to surge upwards, reaching a two-year high of 0.54 over June, S&P Dow Jones Indices reported.

As Equity Correlations Surge Upwards, Diversify With Real Assets

History has demonstrated that the performance of equities can be a mixed bag during periods of rising interest rates, emphasizing the need for a diversified portfolio.  The Federal Reserve will announce its next move to combat inflation on Wednesday afternoon, with investors expecting an increase of 0.75%, which would be the largest increase since 1994.

Stay Diversified During Rate Hikes With This Real Estate ETF

Invesco Dynamic Building & Construction ETF

SPDR S&P Homebuilders ETF

Despite recent concerns that the housing market could be slowing amid rising interest rates, collective home equity has reached fresh highs. Available funds for money mortgage holders to take from their homes while still keeping a 20% equity cushion climbed by a historic $1.2 trillion in Q1 of 2022, according to a new analysis from Black [.

Homebuilder ETFs Fall As Home Equity Notches Fresh Highs

Since the start of the pandemic, real estate prices have seen strong upward momentum as homes were highly valued amid social distancing measures. Years into the crisis, real estate prices haven't let up despite cooling forecasts from economists.

Real Estate Prices Still Hot Despite Cooling Forecasts: An ETF to Play It

The narrative of transient inflation has fallen to the wayside as the capital markets expect inflation to hang around longer than expected. There are a plethora of options to hedge away inflation, including global real estate exposure.

Hedge Away Long-Term Inflation With This Global Real Estate ETF

With rampant global inflation, real assets are the apple of investors' eyes. Tangible asset exposure can come in the form of exchange traded funds (ETFs) with product offerings from FlexShares.

4 ETFs to Outrun Inflation as Real Asset Demand Reaches Fever Pitch

Real assets have been a prime way to hedge against rising inflation, and that should continue for some time, as more rate hikes are expected throughout the year. “With inflation reaching levels not seen in decades, real estate remains an attractive investment option,” a Realty Biz News article says.

Investors Can Look to This Real Estate as an Inflation Hedge

History has demonstrated that the performance of equities can be a mixed bag during periods of rising interest rates, emphasizing the need for a diversified portfolio.  Fed officials decided yesterday to raise the benchmark federal-funds rate by a quarter percentage point to a range between 0.25% and 0.5% from near zero.

Is Your Portfolio Ready for Rising Interest Rates?

FlexShares iBoxx 5 Year Target Duration TIPS Index Fund

FlexShares iBoxx 3 Year Target Duration TIPS Index Fund

Investors can incorporate exposure to certain asset classes to help mitigate the corrosive effects of inflation on a traditional portfolio. Inflation in the U.S. has continued to increase.

How to Inflation-Proof Your Portfolio

With the Federal Reserve set to raise interest rates in 2022, that might tamp down demand for real estate, but one market expert doesn't see that happening. Since the start of the pandemic, real estate prices have been skyrocketing as more homeowners use their living space as live-work hybrids amid social distancing measures.

Market Expert Sees Higher Real Estate Prices and Rates in 2022

Amid the pandemic last year, real estate changed as private homes accommodated work-from-home employees and prices soared — one way to capture this trend is a global real estate ETF like the FlexShares Global Quality Real Estate Index Fund (GQRE). Per the fund description, GQRE seeks investment results that generally correspond to the price and [.

As Real Estate Prices Appreciate, Get Alternate Exposure With GQRE

Beazer Homes USA

Century Communities

CatchMark Timber Trust

Invesco MSCI Global Timber ETF

D.R. Horton

WisdomTree Global ex-US Real Estate Fund

First Trust FTSE EPRA/NAREIT Developed Markets Real Estate

Hovnanian Enterprises

Hovnanian Enterprises, Inc. Pfd Shs Series A

KB Home

Across the land, there are few better inflation hedges than land itself. Timber REITs own nearly 30 million acres of land, more acreage than the smallest U.S. five states combined. Truly an "organic growth" sector, Timber REITs - which were initially slammed at the outside of the pandemic - have come roaring back to life over the last twelve months.

Timber REITs: Renewable Dividends

Aurora Cannabis

AFC Gamma

Agrify

Arena Pharmaceuticals

Canopy Growth

Clever Leaves Holdings Inc

Amplify Seymour Cannabis ETF

Cardiol Therapeutics

Cronos Group

Charlotte's Web Holdings, Inc.

Direxion Daily CSI China Internet Index Bull 2X Shares

Greenlane Holdings

GrowGeneration Corp

High Tide

Hydrofarm Holdings Group

High on Growth: Cannabis REITs are far-and-away the best-performing REIT sector of the past half-decade as the budding industry thrives in the murky and often contradictory regulatory framework of legalized marijuana. Joining Innovative Industrial, Power REIT, and AFC Gamma, a pair of newcomers will soon enter the pot party - Chicago Atlantic Real Estate Finance and Freehold Properties - both operating as mortgage REITs.

Cannabis REITs: When They Go Low, We Get High

Acadia Realty Trust

Saul Centers

Brixmor Property Group

Cedar Realty Trust

CoStar Group

Federal Realty Investment Trust

InvenTrust Properties Corp

Kite Realty Group

Macerich

Bouncing back from punishing pandemic-related declines, Shopping Center REITs are on the cusp of a full recovery across all critical metrics but Omicron introduces fresh uncertainty and also potential opportunity. The retail landscape has improved dramatically this year. Retail sales are on-pace to rise over 15% this year while store closings are on pace for the lowest level in a decade.

Shopping Center REITs: Bargain Hunting

The pandemic caused countries and their respective governments to institute travel bans, but as more individuals get vaccinated, more demand for global real estate could result. More countries are starting to lift these travel bans, which comes at a time when interest rates are still relatively low by historical standards.

Lifting Travel Bans Could Drive Demand for Global Real Estate

Lifting Travel Bands Could Drive Demand for Global Real Estate

News for FlexShares Global Quality Real Estate Index Fund ETF (GQRE)