Welltower

Equinix

American Tower

Digital Realty Trust

Simon Property Group

Equity Residential

Realty Income Corp

Brixmor Property Group

Invitation Homes

Prologis

Invesco Active US Real Estate

PSR is an actively-managed portfolio of US REITs that attempts to outperform the market.

JPMorgan BetaBuilders MSCI US REIT ETF

Invesco S&P 500 Equal Weight Real Estate ETF

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

Pacer Benchmark Industrial Real Estate SCTR ETF

iShares U.S. Real Estate ETF

Invesco KBW Premium Yield Equity REIT ETF

VanEck Mortgage REIT Income ETF

NETLease Corporate Real Estate ETF

Nuveen Short-Term REIT ETF

US Diversified Real Estate ETF

ProShares Short Real Estate

iShares Mortgage Real Estate ETF

iShares Residential Real Estate ETF

IQ US Real Estate Small Cap ETF

SPDR Dow Jones REIT ETF

Schwab U.S. REIT ETF

Global X SuperDividend REIT ETF

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

iShares Core U.S. REIT ETF

Vanguard Real Estate ETF

Virtus Real Asset Income ETF

Real Estate Select Sector SPDR Fund

This article is reprinted by permission from The Escape Home , a newsletter for second homeowners and those who want to be. Subscribe here.

The Escape Home: Here's what real estate agents say to expect about the market in 2022

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Nuveen Real Estate Income Fund

Neuberger Berman Real Estate Securities Income Fund Inc

Cohen And Steers Total Return Realty Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Cohen & Steers Quality Income Realty Fund

Seven Hills Realty Trust

ProShares UltraShort Real Estate

ProShares Ultra Real Estate

In the January 2022 REIT Outlook, we assess 2021's historical calendar year total return as compared to our initial 2021 forecast, as well as provide our 2022 forecast. We were too conservative on our growth and multiple assumptions for 2021, though our bullish top end of the forecast at +19% was the highest we observed among our peers. For 2022, we expect total returns to be positive, though muted compared to 2021.

2022 Chilton REIT Forecast

Brunswick

Cavco Industries

Camping World Hlds

Equity LifeStyle Properties

MarineMax

LCI Industries

Malibu Boats

MCBC Hlds

Patrick Industries

Manufactured Housing REITs - the best-performing property sector of the past decade – continued their stellar performance in 2021, riding favorable fundamentals of robust rent growth and limited housing supply. MH REITs edged out the REIT Index on the final day of 2021 to push their remarkable streak of outperformance to nine years, the longest of the Modern REIT Era.

Manufactured Housing REITs: Don't Mess With The Best

Airbnb

Apple Hospitality REIT

Blackstone Group

Condor Hospitality Trust

Choice Hotels Int.

CorePoint Lodging Inc

Hyatt Hotels

Hilton Worldwide Holdings

Host Hotels & Resorts

Marriott

Pebblebrook Hotel Trust

Park Hotels & Resorts

It's been a 'Tale of Two Americas' of late for the hotel industry. Several markets and categories continue to report severely depressed demand while others are seeing record-high occupancy rates.

Hotel REITs: Unfazed By Omicron

Crown Castle International

Charter Communications

Comcast

DigitalBridge Group

DISH Network

SBA Communications

Cell Tower REITs have been one of the primary 'growth engines' of the REIT sector, but are poised to snap their six-year streak of outperformance over the REIT Index this year. The recent slump began around mid-year as several risk factors emerged including potential competition from Low-Earth-Orbit satellite networks and delays in 5G deployment over airline interference concerns.

Cell Tower REITs: Living On The Edge

American Fin Tr Inc - Ordinary Shares - Class A

Preferred Apartment Communities

Bluerock Residential Growth REIT

BrightSpire Capital

BRT Apartments

New Residential Investment

U.S. equity markets rebounded to fresh record-highs heading into the Christmas holiday after governments in the U.S. and U.K. showed restraint in instituting more severe economic restrictions amid the recent COVID reacceleration. Bouncing back from an Omicron-driven sell-off and ending the week at fresh record highs, the S&P 500 rallied 2.3% on the week while Mid-Caps and Small-Caps each gained nearly 3%.

The Gift That Keeps On Giving

Hoya Capital Housing ETF

iShares U.S. Home Construction ETF

Invesco Real Assets ESG ETF

Janus Henderson U.S. Real Estate ETF

Direxion Daily Homebuilders & Supplies Bull 3X Shares

Janus Detr Strt Shs Long-Term Care

Invesco Dynamic Building & Construction ETF

iShares Global REIT ETF

ALPS Active REIT ETF

SPDR S&P Homebuilders ETF

Total housing starts rose to a 1.679 million annual rate in November from a 1.502 million pace in October, an 11.8 percent increase. Starts of multifamily structures with five or more units increased 12.1 percent to 491,000 and are up a robust 39.1 percent over the past year while starts for the two- to four-family-unit segment were up 50.0 percent at a 15,000-unit pace versus 10,000 in October.

Housing Construction Performed Well In November

Agree Realty

American Fin Tr Inc - 7.50% PRF PERPETUAL USD 25 - Ser A

EPR Properties

Four Corners Property Trust

Global Net Lease

Getty Realty

National Retail Properties

One Liberty Properties

Alpine Income Property Trust

Despite a wave of dividend hikes and robust external growth, net lease REITs have been among the weakest-performing property sectors this year amid concerns over soaring inflation and rising interest rates. Despite their reputation as bond substitutes, net lease REITs have historically delivered above-average earnings growth as accretive external growth has more than offset the drag from muted property-level growth.

Net Lease REITs: Analyzing Inflation Risk

CoreCivic

GEO Group

Farewell - or perhaps good riddance - to the Prison REIT sector. GEO Group announced last week that it's joining CoreCivic in abandoning the REIT structure, concluding a tumultuous 8-year run as REITs. Prison REITs were the worst-performing property sector since their REIT conversions in 2013 and consistently ranked at the bottom across performance metrics - particularly after their once-lucrative dividends were eliminated.

Prison REITs: The Verdict Is In

AFC Gamma

Angel Oak Mortgage

Boston Properties

CyrusOne

CubeSmart

InvenTrust Properties Corp

Kimco Realty

Kite Realty Group

MGM Growth Properties

Phillips Edison & Co Inc

In our "State of the REIT Sector" report, we analyze recently-released NAREIT T-Tracker data to review high-level REIT fundamentals over the past quarter through a series of charts. REITs are no longer cheap, but premium valuations have revived the "animal spirits" and sparked a much-needed wave of M&A and IPO activity which has facilitated accretive external growth.

REITs Are No Longer Cheap

Americold Realty

EastGroup Properties

Equity Commonwealth

Industrial Logistics Properties

Rexford Industrial Realty

Out of Stock: The red-hot industrial property market - "ground zero" of supply-chain shortages - continues to ride a historic demand-supply imbalance as businesses scramble to build out supply resiliency. Industrial REITs - which recorded the strongest dividend and FFO growth of any real estate sector in 2020 - continue to thrive amid "extreme competition" for logistics and distribution space.

Industrial REITs: Empty Shelves, Ample Opportunity

Cyxtera Technologies

Iron Mountain

Landmark Infrastructure Partners

The Data Center REIT sector has been substantially and rapidly transformed as the three largest data center portfolio acquisitions in history have been announced in just the past several months. We predicted an impending M&A boom but expected Digital Realty and Equinix to scoop up their smaller peers. Instead, CyrusOne and QTS have been taken private while American Tower acquired CoreSite.

Data Center REITs: Merger Madness

AvalonBay Communities

Centerspace REIT

Essex Property Trust

Independence Realty Trust

Mid-America Apartment Communities

NexPoint Residential Trust

Renters across the nation should prepare for a rude surprise. Residential rents continue to soar at the fastest pace on record with double-digit percentage increases on both new leases and renewals. Riding this rental growth surge, Apartment REITs - which lagged early in the pandemic - have soared more than 50% this year with widespread strength across both Sunbelt-focused and Coastal-focused REITs.

Apartment REITs: Shelter From Soaring Inflation

Arbor Realty Trust

Lument Finance Trust

NexPoint Real Estate Finance

Ready Capital Corp

RMR Group

Mortgage REITs - which endured punishing declines of 50-70% during the peak of the pandemic - have rallied back from the brink since mid-2020 to within shouting distance of record highs. The pandemic-driven wave of dividend cuts has given way to a frenzy of dividend hikes this year with 25 mREITs increasing their payouts, pushing the average yield to nearly 8%.

Mortgage REITs: High Yield Is Back

After the housing market finally started cooling off a bit over the summer, sales rebounded in September.

Home sales rebound while prices continue to climb

Camden Property

iShares 7-10 Year Treasury Bond ETF

Medical Properties Trust

Invesco QQQ

SPDR S&P 500 ETF Trust

Many investors are panicking and concerned about their REITs as the 10-year Treasury Yield continues to rise. We think these fears are largely overblown, as REITs have actually outperformed in past periods of higher interest rates.

What Rising Interest Rates Mean For REITs

Historically, REITs have done the worst during times of rising interest rates and slowing economic growth. Well, it appears increasingly likely that that's what we are facing.

Very Bad News For REIT Investors

While most economic indicators deteriorated last year, house prices largely shrugged off the effects of the pandemic. Of the over 60 countries that enter into the IMF's Global House Price Index, three-quarters saw increases in house prices during 2020, and this trend has largely continued in countries with more recent data.

Housing Prices Continue To Soar In Many Countries Around The World

One-third of pending home sales in the U.S. went under a contract within a week of being listed, according to new data from the brokerage Redfin Corp (NASDAQ: RDFN). What Happened: Redfin noted the speed in home sales is uncommon for this time of year, which usually witnesses a slowing in the housing market.

One-Third Of Pending Home Sales Go Under Contract Within A Week: Report

Extra Space Storage

Life Storage

National Storage Affiliates Trust

Public Storage

Global Self Storage

Storage REITs stumbled into the pandemic with challenged fundamentals and an outlook for near-zero growth amid oversupply challenges. Catalyzed by the suburban housing boom, self-storage demand is suddenly insatiable. Like a phoenix rising from the ashes, storage REITs have continued their incredible turnaround this year. Consistent with trends across the housing sector, storage rents are soaring across the country.

Storage REITs: Zero To Hero

Despite reporting stellar results throughout the year, Manufactured Housing REITs' remarkable streak of eight straight years of outperformance over the REIT Index is suddenly in doubt entering the fourth quarter. Pressured by concerns over rising rates, inflation, and the broader rotation from growth into value, MH REITs have pulled back into "correction territory" for just the third time over the past decade.

Manufactured Housing: A Rare Opportunity

Real estate platform Ribbon on Tuesday (Sept. 14) announced that it has generated $150 million, comprised of $75 million in Series C equity financing and $75 million in additional working capital.

Real Estate Companies Net Combined $275M in Funding

When it comes to finances and investing, Marko Vrzic, founder of Vrzic, a New York-based real estate investment company will tell you to “stop trying to save for your dream home”. While there are a number of ‘rules' that we have been told all of our lives are the keys to success; spend less than you make, watch your credit score, and get a mortgage.

The Real Estate Market is Broken, and Vrzic Wants to Fix It

Invesco DB Gold Fund

Housing prices and gold may have more in common than investors think, prompting two exchange-traded funds (ETFs) to come into focus. Needless to say, the housing market is scorching hot.

Housing Prices and Gold Correlated? Two ETFs to Play

House-hunters, rejoice: The wild real estate market might finally be getting better, particularly for anyone looking for a small house.

More small houses are starting to hit the market, and it's another sign that the bonkers housing market is starting to get a little better

News for Invesco Active US Real Estate ETF (PSR)