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REITs outperform as 10-year yield sinks to 2017 low

Published 06/02/2017, 03:05 PM
© Reuters.  REITs outperform as 10-year yield sinks to 2017 low
US500
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IYR
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SITC
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PSA
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SPG
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EQR
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KIM
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DOC
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WELL
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VER
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STAG
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ELME
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CBLAQ
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O
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VNQ
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  • Following this morning's jobs miss, the 10-year Treasury yield is off a full five basis points to 2.157%, and money is flowing into at least a few income favorites.
  • The IYR is up 0.9%, and VNQ 0.8% vs. the S&P 500's 0.3% advance.
  • Among the movers: Realty Income (O +1.8%), Welltowner (HCN +1%), HCP (HCP +1.4%), Vereit (VER +0.8%), Equity Residential (EQR +2.2%), Public Storage (PSA +0.5%), Washington Real Estate (WRE +0.9%), Stag Industrial (STAG +1.5%)
  • Holding the sector back today are the beleaguered mall and shopping center players: Simon Property (SPG -1.6%), Kimco (KIM -1.6%), DDR (DDR -1%), CBL (CBL -2.2%)
  • Now read: Irrational Prices: Mall REITs Edition


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