Continuing to outperform the broader equity market amid continued trade tensions, the Hoya Capital US REIT Index finished the day higher by 0.5%, led by the manufactured housing, cell tower, and storage REIT sectors. The hotel, mall, and data center REIT sectors were the relative laggards on the day. The S&P 500 dipped by 1.3% and the Nasdaq declined 1.6%. At 2.14%, the 10-Year yield finished the day lower by 8 basis points.

The Hoya Capital US Housing Index finished the day lower by 0.5% with one of the eight sectors in positive territory. Williams-Sonoma surged more than 13% on better-than-expected earnings while the Residential REIT sector led the way with Equity Lifestyle, Sun Communities, and Essex climbing by more than 2% each.

The Real Estate Technology & Brokerage and Homebuilding Products sectors were the relative laggards on the day. Trade-dependent Fortune Brands, Lennox, Whirlpool were each down by more than 4% on the day.

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