10 Real Estate Stocks Move On Thursday: Fed Rate Cut Possibility Sparks Rally For Troubled Sector
10 Real Estate Stocks Move On Thursday: Fed Rate Cut Possibility Sparks Rally For Troubled Sector
The Fed's March dot plot hints at three rate cuts in 2024, with a further three anticipated the following year. This strategic direction is coupled with an upgraded growth forecast, from 1.4% to 2.1%, painting a potentially brighter picture for the real estate sector.The Federal Reserve's indication of upcoming interest rate cuts injected optimism into the real estate sector, particularly benefiting stocks under pressure due to exposure to the office industry or elevated debt levels.
聯儲局表示即將降息，這爲房地產行業注入了樂觀情緒，特別是使因辦公行業敞口或債務水平升高而承壓的股票受益。
A Shift Towards Speculation
向投機轉變
Thursday's session suggests the rally has been more pronounced among real estate companies with higher debt levels
週四的會議表明，債務水平較高的房地產公司的漲勢更爲明顯
This shift may signify a growing investor inclination towards speculative stocks within the real estate sector, banking on the premise that forthcoming rate cuts could provide a much-needed respite for real estate investment trusts (REITs) grappling with significant debt burdens.
這種轉變可能表明投資者越來越傾向於房地產行業的投機性股票，前提是即將到來的降息可能會爲努力應對沉重債務負擔的房地產投資信託基金（REIT）提供急需的喘息機會。
The Fed's March dot plot hints at three rate cuts in 2024, with a further three anticipated the following year. This strategic direction is coupled with an upgraded growth forecast, from 1.4% to 2.1%, painting a potentially brighter picture for the real estate sector.
聯儲局3月份的點陣圖暗示將在2024年降息三次，預計次年再降息三次。這一戰略方向加上增長預測從1.4％上調至2.1％，爲房地產行業描繪了一幅可能更光明的圖景。
Market Reactions Among Real Estate ETFs And Stocks
房地產ETF和股票之間的市場反應
- The Vanguard Real Estate ETF (NYSE:VNQ) experienced an uplift, marking a 0.8% rise on Wednesday followed by a 0.7% increase on Thursday.
- Within the ETF's portfolio, stocks of companies heavily indebted or linked to the challenged office sector saw the largest gains.
- City Office REIT, Inc. (NYSE:CIO) skyrocketed by over 16% on Thursday, a significant rebound after a year-to-date loss exceeding 30%. The company's net debt stood at more than six times its EBITDA (earnings before interest, taxes, debt and amortization).
- Compass Inc. (NYSE:COMP) and Office Properties Income Trust (NYSE:OPI): Both companies enjoyed rallies of over 7%. Office Properties Income Trust's net debt surpassed its EBITDA by over eight times.
- Anywhere Real Estate Inc. (NYSE:HOUS) and Vornado Realty Trust (NYSE:VNO): These companies also featured among the top performers for the day, with shares up 7% and 5.5%, respectively.
- The VanEck Office And Commercial Real Estate ETF (NYSE:DESK) showcased a back-to-back 2.2% rally on Wednesday and Thursday, indicating office-related REITs positively reacted after the Fed meeting.
- Vanguard房地產ETF（紐約證券交易所代碼：VNQ）出現上漲，週三上漲0.8％，週四上漲0.7％。
- 在ETF的投資組合中，負債累累或與面臨挑戰的辦公行業相關的公司的股票漲幅最大。
- 市政房地產投資信託基金公司（紐約證券交易所代碼：CIO）週四飆升了16％以上，在年初至今的虧損超過30％之後，出現了大幅反彈。該公司的淨負債爲其息稅折舊攤銷前利潤（扣除利息、稅項、債務和攤銷前的收益）的六倍以上。
- 康帕思公司（紐約證券交易所代碼：COMP）和辦公物業收益信託基金（紐約證券交易所代碼：OPI）：兩家公司的漲幅均超過7％。辦公物業收益信託的淨負債超過其息稅折舊攤銷前利潤的八倍以上。
- Anywhere Real Estate Inc.（紐約證券交易所代碼：HOUS）和Vornado Realty Trust（紐約證券交易所代碼：VNO）：這些公司也是當天表現最好的公司之一，股價分別上漲7％和5.5％。
- VanEck辦公和商業房地產ETF（紐約證券交易所代碼：DESK）在週三和週四連續上漲2.2％，這表明與辦公相關的房地產投資信託基金在聯儲局會議後做出了積極的反應。
| Company Name | 1-Day % | Net Debt / EBITDA (FY) |
| City Office REIT, Inc. | 16.47% | 6.8x |
| Office Properties Income Trust | 8.22% | 8.5x |
| Compass, Inc. | 7.93% | – |
| Anywhere Real Estate Inc. | 7.10% | 8.9x |
| DigitalBridge Group, Inc. (NYSE:DBRG) | 6.42% | 0.2x |
| Vornado Realty Trust | 5.47% | 9.1x |
| Opendoor Technologies Inc. (NYSE:OPEN) | 5.37% | – |
| Peakstone Realty Trust (NYSE:PKST) | 4.92% | – |
| Zillow Group, Inc. (NYSE:ZG) | 4.85% | – |
| Diversified Healthcare Trust (NYSE:DHC) | 4.82% | 13.0x |
| Douglas Emmett, Inc. (NYSE:DEI) | 4.71% | 8.6x |
| 公司名 | 1 天% | 淨負債/息稅折舊攤銷前利潤（財年） |
| 市政辦公室房地產投資信託基金有限公司 | 16.47% | 6.8 倍 |
| 辦公物業收入信託 | 8.22% | 8.5 倍 |
| Compass, Inc. | 7.93% | — |
| Anywhere 房地產公司 | 7.10% | 8.9 倍 |
| DigitalBridge 集團有限公司（紐約證券交易所代碼：DBRG） | 6.42% | 0.2x |
| Vornado Realty Trust | 5.47% | 9.1x |
| Opendoor 科技公司（紐約證券交易所代碼：OPEN） | 5.37% | — |
| Peakstone Realty Trust（紐約證券交易所代碼：PKST） | 4.92% | — |
| Zillow 集團有限公司（紐約證券交易所代碼：ZG） | 4.85% | — |
| 多元化醫療信託基金（紐約證券交易所代碼：DHC） | 4.82% | 13.0x |
| 道格拉斯·埃米特公司（紐約證券交易所代碼：DEI） | 4.71% | 8.6x |
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Photo: Sean Pollock via Unsplash
照片：肖恩·波洛克通過 Unsplash