Prologis

American Tower

Equinix

Welltower

Digital Realty Trust

Simon Property Group

Public Storage

Realty Income Corp

Crown Castle International

CBRE Group

iShares U.S. Real Estate ETF

IYR tracks a market-cap-weighted index of US real estate equities.

Alpine Global Premier Properties Fund

Cambria Global Real Estate ETF

CubeSmart

Invesco S&P 500 Equal Weight Real Estate ETF

Extra Space Storage

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

FlexShares Global Quality Real Estate 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

iShares U.S. Home Construction ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Life Storage

VanEck Mortgage REIT Income ETF

Direxion Daily Homebuilders & Supplies Bull 3X Shares

Neuberger Berman Real Estate Securities Income Fund Inc

National Storage Affiliates Trust

Nuveen Short-Term REIT ETF

InfraCap REIT Preferred ETF

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

Amazon

Blackstone Group

Americold Realty

EastGroup Properties

FedEx

First Industrial Realty Trust

Home Depot

Industrial Logistics Properties

Indus Realty Trust Inc

Jones Lang LaSalle

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

JPMorgan BetaBuilders MSCI US REIT ETF

Brunswick

Cavco Industries

Camping World Hlds

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Equity LifeStyle Properties

MarineMax

LCI Industries

Malibu Boats

MCBC Hlds

Patrick Industries

US Diversified Real Estate ETF

Invesco Active US Real Estate

ProShares Short Real Estate

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Manufactured Housing REITs snapped an incredible streak of nine straight years of outperformance over the REIT Index in 2022, impacted by headwinds from higher interest rates and hurricane-related disruptions. Despite their REIT-leading growth rates, Manufactured Housing ("MH") REITs have historically been among the most interest rate-sensitive sectors due to their counter-cyclical demand profile and remarkable operational consistency.

Manufactured Housing: Recession-Resistant REITs

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Seven Hills Realty Trust

ProShares UltraShort Real Estate

Pacer Funds Trust-Pacer Benchmark Data & Infrastructure Real Estate Sector ETF

ProShares Ultra Real Estate

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Virtus Real Asset Income ETF

Although the change in public REIT equity prices over the past 12 months would not suggest it, 2022 actually saw earnings growth arrive above our initial expectations. We forecast total returns for REITs in 2023 to be between +8% to +12%.

2023 Chilton REIT Forecast

Arbor Realty Trust

ACRES Commercial Realty Corp.

ARMOUR Residential REIT

Braemar Hotels & Resorts Inc

Broadmark Realty Capital Inc.

Cherry Hill Mortgage

EPR Properties

Franklin BSP Realty Trust Inc

Four Corners Property Trust

Hannon Armstrong Sustainable Infrastructure Capital

Invesco Mortgage Capital

NexPoint Real Estate Finance

New York City REIT Inc

iShares Preferred and Income Securities ETF 

U.S. equity markets closed out their worst year since the Financial Crisis with a fourth-straight week of declines as Treasury yields jumped back to seven-week highs on renewed inflation and COVID concerns. Dragging its full-year declines to nearly 20%, the S&P 500 slipped 0.1% this week while the tech-heavy Nasdaq dipped another 0.4%, shedding nearly a third of its value in 2022.

Good Riddance, 2022

At expiration, if the real estate ETF is trading above 82, the entire spread would expire worthless. The post Why This Real Estate ETF Could Net $425 With A Bear Put Spread Option Trade appeared first on Investor's Business Daily.

Why This Real Estate ETF Could Net $425 With A Bear Put Spread Option Trade

Janus Henderson U.S. Real Estate ETF

Invesco Dynamic Building & Construction ETF

iShares Mortgage Real Estate ETF

iShares Residential Real Estate ETF

SPDR S&P Homebuilders ETF

If I had to distill my current macro outlook down into a sentence or two it would be “watch everything housing related”. The CPI is still showing rents rising.

3 Things I Think I Think - Housing Risks

The IYR ETF provides exposure to companies that operate in the real estate sector and REITs. It is one of the oldest real estate focused ETFs.

iShares U.S. Real Estate ETF: Canaries In The Coalmine?

Brookfield Asset Management

CBL & Associates Properties

Macerich

Pennsylvania Real Estate Investment Trust

Tanger Factory Outlet Centers

Seritage Growth Properties

Real Estate Select Sector SPDR Fund

Mall REITs - which endured a dismal stretch of underperformance from 2015-2020 - enter the critical holiday season on surprisingly stable footing as resilient consumer spending has offset broader macro-headwinds. The momentum from the stimulus-fueled ‘spending spree' appears likely to carry retailers through the holiday season. Store openings continue to outpace store closings in 2022 by the widest-margin in decades.

Mall REITs: The Bleeding Has Stopped

Pacer Benchmark Industrial Real Estate SCTR ETF

Invesco Real Assets ESG ETF

Janus Henderson Mortgage-Backed Securities ETF

First Trust Low Duration Opportunities ETF

iShares MBS ETF

NETLease Corporate Real Estate ETF

iShares Global REIT ETF

ALPS Active REIT ETF

IQ US Real Estate Small Cap ETF

SPDR Portfolio Mortgage Backed Bond ETF

Global X SuperDividend REIT ETF

Vanguard Mortgage-Backed Securities ETF

Mortgage rates have not been this high since before the housing crisis. And while the housing market is slowing, prices are still high.

High Mortgage Rates And High Inflation

The pandemic caused a surge in household formation, driven in part by remote work and low-interest rates. This is likely to result in an extended period of weak growth in the number of households, with a flow-through impact on the rest of the economy.

Accelerated Household Formation Could Result In A Protracted Downturn

Alexandria Real Estate Equities

Healthcare Realty Trust Inc

LTC Properties

Medical Properties Trust

National Health Investors

Omega Healthcare Investors

Sabra Health Care

Ventas

Healthcare REITs have lagged over the past quarter as sharply higher labor costs, a sluggish post-COVID recovery in patient volumes, and the waning of government fiscal support have pressured operators. Hospital operators have been slammed particularly hard as elective surgeries continue to be either delayed or pushed to outpatient facilities, amplifying a broader industry shift towards low-cost healthcare settings.

Healthcare REITs: Staffing Shortage Stumble

Armada Hoffler Properties

Federal Realty Investment Trust

Global Medical REIT

REITs are trading at the lowest valuation in years. Yet, few seem to be buying them due to fears of rising rates.

Important Warning To REIT Investors

Global Self Storage

Self-Storage REITs have defied expectations to the upside as comprehensively as any real estate sector since the start of the pandemic, delivering earnings growth of over 50% since 2019. Incremental storage demand is driven by change- particularly home moving rates and household formations. Surging mortgage rates have had a "lock-in" effect among existing homeowners while also pricing-out new formations.

Storage REITs: Locked-In And Sticky

Airbnb

Ashford Hospitality Trust

Apple Hospitality REIT

Choice Hotels Int.

Chatham Lodging Trust

Hyatt Hotels

Hilton Worldwide Holdings

Host Hotels & Resorts

Hersha Hospitality Trust Class A

Marriott

Pebblebrook Hotel Trust

Park Hotels & Resorts

Sunstone Hotel Investors

Sotherly Hotels

Service Properties Trust

Xenia Hotels & Resorts

Hotel REITs have held up surprisingly well throughout the recent market turmoil and remain one of the top-performing property sectors this year following a solid summer of operating performance. Several years of pent-up leisure demand from COVID delays helped to offset a slow business travel recovery. STR recently reported that profitability levels were above 2019 levels throughout the summer.

Hotel REITs: Winter Is Coming

iShares MSCI ACWI ex U.S. ETF

Vanguard Total Bond Market ETF

iShares S&P GSCI Commodity Indexed Trust

IQ Hedge Multi-Strategy Tracker ETF

SPDR S&P 500 ETF Trust

Managed futures will try and make money without the help of commodities. That mantra was seemingly playing out in September and throughout the 3rd quarter.

Asset Class Scoreboard: September 2022

Today, you have a “once in a decade” chance to win big with REITs. REITs have dropped heavily despite enjoying strong fundamentals.

This Is Your Once-In-A-Decade Chance To Win Big

IYR has been hit hard this year due to rising rates. The technicals and the Bank of England's recent dovish move may offer IYR a lifeline here.

IYR: How To Take Advantage Of Recent Carnage

W. P. Carey

The REIT crash is largely related to rapidly rising interest rates. Market pundits have a variety of theories suggesting REITs are susceptible to interest rates.

REITs Got Clobbered: Examining The Bear Thesis

Aurora Cannabis

AFC Gamma

Canopy Growth

Amplify Seymour Cannabis ETF

Cronos Group

Curaleaf Holdings, Inc.

GrowGeneration Corp

Hydrofarm Holdings Group

Innovative Industrial Properties

Amplify Alternative Harvest ETF

AdvisorShares Pure US Cannabis ETF

NewLake Capital Partners, Inc.

Global X Cannabis ETF

Power REIT

Chicago Atlantic Real Estate Finance

Scotts Miracle-Gro

Trulieve Cannabis Corp.

The previously high-flying cannabis REITs have been slammed this year on concerns over rent payment from their cannabis cultivator tenants, which have been struggling amid a plunge in wholesale cannabis prices. The 30-50% plunge in pot prices comes amid a flood of new entrants to the cannabis retail and cultivation industry and as institutional capital to multi-state operators has driven production-efficiencies.

Cannabis REITs: Too Cheap To Get High

News for iShares U.S. Real Estate ETF ETF (IYR)