Equinix

Prologis

Welltower

Public Storage

Vici Properties

Simon Property Group

Physicians Realty

First Industrial Realty Trust

Extra Space Storage

Invitation Homes

ALPS Active REIT ETF

REIT is an actively managed ETF that provides exposure to publicly traded equity securities of US REITs.

JPMorgan BetaBuilders MSCI US REIT ETF

Camden Property

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Neuberger Berman Real Estate Securities Income Fund Inc

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

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

REIT FFO/share growth in 2023 was stalled due to increased insurance premiums and property taxes. Property taxes jumped from $170B to almost $200B in 2023, while insurance costs doubled as a percentage of revenue. Higher insurance premiums reduced FFO margins by nearly 100 basis points, impacting FFO/share growth.

Why REIT's Didn't Grow In 2023

Agree Realty

American Healthcare REIT Inc

AvalonBay Communities

Chimera Investment

Digital Realty Trust

Gaming and Leisure Properties

Host Hotels & Resorts

Macerich

Phillips Edison & Co Inc

Park Hotels & Resorts

U.S. equity markets climbed to fresh record highs, while benchmark interest rates dipped to one-month lows after a critical slate of inflation and retail sales data showed an unexpected cooldown. Reflecting the mounting quantity of downside economic surprises, the Citi Economic Surprise Index dipped to the lowest level since early 2023, indicating a rather abrupt reversal in economic momentum. Mildly encouraging inflation news and sluggish retail sales data lifted bets that the Fed can cut rates multiple times this year. Climbing to fresh record highs, the S&P 500 gained 1.6%.

Surprise Spring Slowdown

Markets often see narratives obfuscate the facts on the ground, and 2024 has proved no exception. In this case, negative headlines surrounding real estate may be unnecessarily warding investors away from potential opportunities in REITs.

Real Estate Rebound? Don't Miss This Active REIT ETF

Alps Intermediate Municipal Bond ETF

SS&C ALPs and VettaFi hosted a virtual summit on active management earlier yesterday. The four-session summit provided attendees with actionable information and useful insights.

SS&C ALPS Virtual Summit on Active Management Full of Insight

Investors are understandably frustrated by listed real estate investment trusts (REITs). The S&P Real Estate Select Sector Index is off 2.1% over the past three years, belying real estate's reputation as an inflation-fighting group.

Using Real Estate to Buffer Against Inflation

Equity Residential

Active managers typically underperform their passive benchmarks. REITs are an exception in which stock-picking can be lucrative. I explain why this is.

Why I'm Steering Clear Of REIT ETFs

Vanguard Real Estate ETF

REITs experienced a 26% drop in prices due to rising interest rates, creating opportunities for investors. Despite the overall decline, many REIT sectors, such as industrial, multifamily, and manufactured housing, showed strong FFO/share growth. The market pricing of REITs did not align with their fundamental performance, creating mispricing in sectors like retail, towers, and self-storage.

2 Years Of Gloom Have Done Interesting Things To REIT Valuation

Alerian MLP ETF

OShares U.S. Quality Dividend ETF

RiverFront Dynamic US Flex-Cap ETF

WisdomTree Bloomberg Floating Rate Treasury Fund

Bull vs. Bear is a weekly feature where the VettaFi writers' room takes opposite sides to debate controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. For this edition, Nick Wodeshick and Nick Peters-Golden debate whether rate cuts will still arrive this year.

Bull vs Bear: Will Rate Cuts Still Happen This Year?

Amid concerns about the strength of the office property market and delays to the Federal Reserve's interest rate reduction plans, some investors may be passing on real estate investment trusts (REITs) and related trusts. In theory, that's a logical move.

Data Center REITs Support Case for This Real Estate ETF

It's not often that an investment class breaks into the broader news ecosystem, but real estate, and REITs, have taken up a lot of headlines. It's hard to avoid frequent stories about urban doom loops, office real estate issues, and other dark clouds over the space.

Think You Know REITs? Here's the Real Story

Alexandria Real Estate Equities

Broadstone Net Lease

Blackstone Group

CTO Realty Growth

CareTrust REIT

Diversified Healthcare Trust

Ellington Residential Mortgage REIT

Empire State Realty Trust

Highwoods Properties

Independence Realty Trust

LTC Properties

Realty Income Corp

Virtus Real Asset Income ETF

U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several weeks amid a resurgence in oil prices alongside economic data showing stubbornly lukewarm inflationary trends. Following two straight weeks of gains which had lifted the benchmark to record-highs, the S&P 500 declined by 0.9% this week. Real estate equities were among the laggards this week.

A Crude Problem

American Tower

Essex Property Trust

H&R Block

Real estate investment through REITs is popular because REITs distribute generous dividends and also they're easy to understand.

Investing In Real Estate Through REITs

Healthpeak Properties Inc

Ellington Financial

Global Net Lease

Kimco Realty

Gladstone Land

Ready Capital Corp

Regency Centers

Two years of persistent rate-driven pressure on commercial and residential real estate markets appeared to be easing in early 2024, but firming inflation has again muddied the outlook. Expectations of "Higher for Longer" have merely shifted to "High for Long." Many private equity funds and some highly-levered REITs were ill-prepared for a period of sustained 4-5%+ benchmark rates. Private markets are finally feeling the pain that beset public REIT investors since 2021. Commercial property values have now declined over 20% nationally, and nearly 40% in some troubled segments.

State Of REIT Nation: Not Out Of The Woods, Yet

Is now the time to get back into REITs? Media headlines may have previously dissuaded investors from real estate, but the landscape is changing.

Beyond the REIT Headlines: The Case for an Active REIT ETF

Getting exposure to the real estate market requires a more creative slant given the challenges in residential and commercial real estate. One area investors may not have considered in the burgeoning tech arena is real estate that caters to data centers.

Data Centers Growth Should Provide Tailwinds for This ETF

How REITs have fared through high interest rate environment. Takeaways from REITs earnings season so far. When rate cuts do come, some REIT sectors may stand to benefit.

Why Lower Rates Could Lead To Opportunities In REITs This Year

As the world gets increasingly reliant on digital technology, the buildout of infrastructure will be a necessity via data centers. That growth is boosting stocks like Equinix and ETFs focused on real estate investment trusts like the ALPS Active REIT ETF (REIT).

Expansion of Data Centers Can Help Propel REIT ETF

As measured by the S&P Select Sector Real Estate Index, real estate stocks are struggling this year, as that gauge is lower by 3.47%. However, some market observers remain constructive about real estate stocks.

REIT Leaders Might Reside in This ETF

The real estate sector represents a mere 2.31% of the S&P 500. Just two sectors – materials and utilities – command smaller allocations in the benchmark domestic equity gauge.

Popularity of REITs Could Be Positive for This ETF

The yield on 10-year Treasury Inflation-Protected Securities TIPS fell significantly from ~2.5% to ~1.7% in the last two months of 2023. How does this affect real estate? As long-lived, fixed assets with inflation-protective characteristics, quality real estate can be viewed as an equivalent to TIPS plus a risk premium.

An Opportunity For REITs To Shine In 2024

When ETF investors want real estate exposure, they're not relegated to just the residential market. That's imperative in the current market environment.

This Active ETF Has Flexibility in a Changing Real Estate Market

AGNC Investment

Boston Properties

Crown Castle International

iShares CMBS ETF

Dynex Capital

Equity LifeStyle Properties

Jones Lang LaSalle

iShares MBS ETF

Medical Properties Trust

Orchid Island Capital

U.S. equity markets notched another week of gains after a busy slate of economic data and corporate earnings results were broadly consistent with a "soft landing" trend for the domestic economy. Ahead of the Federal Reserve's first policy meeting of 2024, the FOMC's favored inflation gauge - Core PCE - showed a "2-handle" for the first time in nearly two years. Notching a series of record highs through the week, the S&P 500 advanced 1.2%, extending its impressive rally since late October to 12 of the past 13 weeks.

Fed Looms As Earnings Begin

After lagging equities for the past two years, REITs offer an attractive investment opportunity in 2024. Peaking or falling yields have historically been a catalyst for strong REIT market outperformance.

2024 Listed REITs Outlook

Real estate earnings season kicked 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. The sector with perhaps the most to gain from moderating inflation and a normalization in Fed monetary policy, REITs enter earnings season with upside momentum after a dismal eighteen-month stretch. Sentiment and macroeconomic conditions have improved significantly in the past quarter, fueled by several months of encouraging inflation data pointing once again towards a "soft landing" for the domestic economy.

REIT Earnings Preview: Animal Spirits Revived?

CubeSmart

National Storage Affiliates Trust

Global Self Storage

Self-Storage REITs delivered incredible growth early in the pandemic driven by surging housing market activity, but have been victims to their own success of late amid a supply-driven cooldown. Robust double-digit rent growth and relatively low operational barriers to entry prompted a wave of new development, with a roughly 12% expansion in total supply expected between 2022 and 2024. This supply boom - twice the magnitude of the multifamily sector - has reignited fierce "storage wars" between competing facilities, which has led to double-digit dips in new lease rates since mid-2022.

Storage REITs: Victims Of Own Success

News for ALPS Active REIT ETF ETF (REIT)