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REITs Rip As Mega-Deals Hit
Hoya Capital · 2026-05-25 · via All Articles on Seeking Alpha

Summary

  • U.S. equity markets advanced for an eighth straight week - their longest winning streak since late 2023 - as resilient earnings and Hormuz reopening hopes offset renewed rate volatility.
  • The S&P 500 gained 0.9%, while small-caps and mid-caps outperformed as market breadth improved. REITs rallied 3.0%, with 19 of 20 property sectors finishing higher.
  • Treasury yields were mixed as investors weighed energy-driven inflation risks against hopes that reopened crude flows could ease the oil shock. Rate-hike expectations continued to build.
  • AvalonBay and Equity Residential announced the largest-ever REIT-to-REIT merger, creating a dominant apartment platform with more than 180,000 units and meaningful expected overhead synergies.
  • Major strategic REIT shakeups continued as IRG used Sachem as a public-market entry vehicle to create a listed industrial REIT, while Sun Communities sold its UK assets to refocus around core North American MH and RV communities.
  • iREIT®+HOYA Capital members get exclusive access to our real-world portfolio. See all our investments here »
Cargo vessels congestion blocking maritime traffic in the Strait of Hormuz, tankers and container cargo ships clustered in aerial 3D illustration render.

quantic69/iStock via Getty Images

Real Estate Weekly Outlook

U.S. equity markets advanced for an eighth straight week - their longest winning streak since late 2023 - as investors looked through renewed rate volatility and energy-driven inflation concerns and embraced hopes that the U.S. and Iran

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of RIET, HOMZ, IRET, ALL HOLDINGS IN THE IREIT+HOYA PORTFOLIOS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Hoya Capital Research & Index Innovations ("Hoya Capital") is an affiliate of Hoya Capital Real Estate, a registered investment advisory firm based in Rowayton, Connecticut, that provides investment advisory services to ETFs, individuals, and institutions. Hoya Capital Research & Index Innovations provides non-advisory services, including market commentary, research, and index administration focused on publicly traded securities in the real estate industry. This published commentary is for informational and educational purposes only. Nothing on this site nor any commentary published by Hoya Capital is intended to be investment, tax, or legal advice or an offer to buy or sell securities. This commentary is impersonal and should not be considered a recommendation that any particular security, portfolio of securities, or investment strategy is suitable for any specific individual, nor should it be viewed as a solicitation or offer for any advisory service offered by Hoya Capital Real Estate. Please consult with your investment, tax, or legal adviser regarding your individual circumstances before investing. The views and opinions in all published commentary are as of the date of publication and are subject to change without notice. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy, and it should not be regarded as a complete analysis of the subjects discussed. Any market data quoted represents past performance, which is no guarantee of future results. There is no guarantee that any historical trend illustrated herein will be repeated in the future, and there is no way to predict precisely when such a trend will begin. There is no guarantee that any outlook made in this commentary will be realized. Readers should understand that investing involves risk, and loss of principal is possible. Investments in real estate companies and/or housing industry companies involve unique risks, as do investments in ETFs. The information presented does not reflect the performance of any fund or other account managed or serviced by Hoya Capital Real Estate. An investor cannot invest directly in an index, and index performance does not reflect the deduction of any fees, expenses, or taxes. Hoya Capital Real Estate and Hoya Capital Research & Index Innovations have no business relationship with any company discussed or mentioned and never receive compensation from any company discussed or mentioned. Hoya Capital Real Estate, its affiliates, and/or its clients and/or its employees may hold positions in securities or funds discussed on this website and in our published commentary. A complete list of holdings and additional important disclosures is available at www.HoyaCapital.com.

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