Prologis

American Tower

Equinix

Welltower

Digital Realty Trust

Simon Property Group

Public Storage

Realty Income Corp

Crown Castle International

CBRE Group

Direxion Daily Real Estate Bull 3x Shares

DRN provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment.

AlerisLife

Alexandria Real Estate Equities

JPMorgan BetaBuilders MSCI US REIT ETF

Community Healthcare Trust

CareTrust REIT

Diversified Healthcare Trust

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Global Medical REIT

Healthcare Realty Trust Inc

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Medical Properties Trust

National Health Investors

Neuberger Berman Real Estate Securities Income Fund Inc

Omega Healthcare Investors

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

For Healthcare REITs - the physical epicenter of the pandemic - the road to recovery has remained inconsistent across its distinct sub-sectors, with "private-pay" segments now showing notable improvement while "public-pay" segments relapse. Public-pay segments - Hospital and Skilled-Nursing - have seen a re-intensification of tenant operator issues amid pressure from soaring labor costs and waning government fiscal support, triggering some missed rents and lease renegotiations.

Healthcare REITs: Life After The Pandemic

BrightSpire Capital

Centerspace REIT

CubeSmart

DiamondRock Hospitality

Essex Property Trust

Extra Space Storage

Franklin BSP Realty Trust Inc

Farmland Partners

Gaming and Leisure Properties

Gladstone Commercial

Indus Realty Trust Inc

Lamar Advertising

Gladstone Land

Life Storage

MFA Financial

U.S. equity markets posted their worst week of the year as benchmark interest rates jumped to three-month highs on data showing a surprising reacceleration in inflation and economic activity in January. Declining for a third straight week - a skid that follows a stretch of four-of-five weekly gains to start the year - the S&P 500 dipped 2.7% while the Nasdaq declined over 3%.

Inflation Remains A Problem

Arbor Realty Trust

Ares Commercial Real Estate

Agree Realty

ARMOUR Residential REIT

Brixmor Property Group

CBL & Associates Properties

Chimera Investment

Americold Realty

Elme Communities

Essential Properties Realty Trust Inc

Hannon Armstrong Sustainable Infrastructure Capital

Host Hotels & Resorts

Hersha Hospitality Trust Class A

Industrial Logistics Properties

Invitation Homes

U.S. equity markets were mixed on a choppy week as investors readjusted expectations for inflation and interest rates following data indicating an uptick in economic activity and persisting price pressures. Posting its first back-to-back weekly declines of the year, the S&P 500 slipped 0.2% this week, but other major benchmarks fared better. The Mid-Cap 400 and Small-Cap 600 both gained.

Risks Of 'No Landing'

Cohen & Steers Quality Income Realty Fund

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

Certain businesses are better than others at a strategic level. A good underlying strategy is essential to long-term profitability.

Determining The Viability Of A REIT's Business Model

American Assets

Armada Hoffler Properties

Brookfield Asset Management

Brandywine Realty

Boston Properties

City Office REIT

Cousins Properties

Douglas Emmett

Equity Commonwealth

Franklin Street Properties Corp.

Highwoods Properties

Hudson Pacific Properties

Kilroy Realty

Orion Office REIT

Office REITs have been far-and-away the worst-performing property sector since the start of the pandemic, as depressed utilization rates and recession concerns have curbed office space demand. Work-From-Home-Forever? Occupiers due for renewal have been somewhat-reluctant to cut office space, with leasing volumes still at 75% of pre-pandemic levels, but fundamentals softened more definitively in late 2022.

Office REITs: Pain Is Priced In

One of the reasons why inflation is so under control is that China has been lying dormant. Their impact on global commodity prices is one of the highest, and their reopening efforts could affect headline inflation figures and consumer expectations of inflation.

DRN Investors Need To Watch For A China Gut-Shot

AGNC Investment

Blackstone Group

Camden Property

Dynex Capital

Ellington Financial

Equity LifeStyle Properties

Global Net Lease

Summit Hotel Properties

U.S. equity markets extended their rebound this week after the Federal Reserve slowed its pace of interest rate hikes while strong employment data alongside cooling wage pressures supported "soft landing" prospects. Gaining for the fourth week in the past five, the S&P 500 advanced 1.6% while the tech-heavy Nasdaq 100 rallied 3.3% - its fourth-straight week of gains. Small caps soared 5%.

Fed Blinks, Finally

iShares MBS ETF

iShares Mortgage Real Estate ETF

Real estate earnings season kicks into gear this week, and over the next month, we'll hear results from 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies. REITs enter earnings season with some momentum amid the recent moderation in interest rates and hopes of a 'softish' economic landing following a punishing year of stock price performance.

REIT Earnings Preview: The New Normal

D.R. Horton

Mid-America Apartment Communities

U.S. equity markets resumed their rebound this past week as investors parsed a busy slate of corporate earnings results and economic data ahead of the Federal Reserve's rate hike decision. Gaining for the third week in the past four, the S&P 500 advanced 2.5% on the week while the tech-heavy Nasdaq rallied nearly 5% - its fourth-straight week of gains.

A Softish Landing

Brunswick

Cavco Industries

Camping World Hlds

MarineMax

LCI Industries

Malibu Boats

MCBC Hlds

Patrick Industries

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

Braemar Hotels & Resorts Inc

Goldman Sachs Future Real Estate And Infrastructure Equity ETF

InfraCap REIT Preferred ETF

Pennsylvania Real Estate Investment Trust

Power REIT

Global X SuperDividend REIT ETF

Vici Properties

The REIT sector ended a brutal 2022 on a low note, with a -7.72% total return in December. Large cap (-4.89%), mid cap (-6.03%) and small cap (-8.21%) REITs all averaged single-digit declines December, but micro caps (-15.21%) fell much more sharply.

The State Of REITs: January 2023 Edition

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

ACRES Commercial Realty Corp.

Broadmark Realty Capital Inc.

Cherry Hill Mortgage

EPR Properties

Four Corners Property Trust

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

Macerich

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

Ashford Hospitality Trust

Bluerock Homes Trust Inc

Bluerock Residential Growth REIT

Home Appreciation US REIT ETF

NETSTREIT Corp

iShares Global REIT ETF

ALPS Active REIT ETF

IQ US Real Estate Small Cap ETF

Sunstone Hotel Investors

Service Properties Trust

The REIT sector achieved only its 3rd month in the black out of the first 10 months of 2022 with a +8.69% total return in October. Large cap REITs (+2.92%) averaged small gains, micro caps (+7.36%) and mid caps (+8.11%) had moderate gains and small caps (+12.85%) surged.

The State Of REITs: November 2022 Edition

LTC Properties

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

Federal Realty Investment Trust

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

National Storage Affiliates Trust

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

Apple Hospitality REIT

Choice Hotels Int.

Chatham Lodging Trust

Hyatt Hotels

Hilton Worldwide Holdings

Marriott

Pebblebrook Hotel Trust

Park Hotels & Resorts

Sotherly Hotels

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

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

We like REITs and real estate, but asset values are falling and shares of REITs are volatile. DRN gives you 3x leverage on a nice portfolio of specialty REITs.

DRN Might Be A Little Too Aggressive

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

News for Direxion Daily Real Estate Bull 3x Shares ETF (DRN)