Real estate stocks advance as sentiments favor possible rally
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 27 2024
0mins
Source: SeekingAlpha
Real Estate Market Reaction: Real estate stocks rose following inflation data that aligned with expectations, increasing hopes for a potential rate cut by the Federal Reserve in September. The Real Estate Select Sector SPDR Fund ETF saw a slight increase, while the Dow Jones Equity All REIT Total Return Index also posted gains.
Earnings Performance: The S&P 500 real estate sector exceeded earnings expectations, with companies like CoStar Group and CBRE reporting strong results. However, some firms like Invitation Homes faced challenges, leading to mixed performance across the sector.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
