- With yields sharply lower on Grexit worry, the badly beaten-up REIT sector is seeing green creep into some of its names, but the IYR is lower by 0.1% on the session.
- Among the gainers: Realty Income (O +0.3%), Omega Healthcare (OHI +0.1%), Medical Properties Trust (MPW +0.8%), Post Properties (PPS +0.4%), Simon Properties (SPG +0.1%), CubeSmart (CUBE -0.6%). Office property and lodging names are mostly lower: Boston Properties (BXP -0.4%), First Potomac (FPO -0.5%), Hospitality Properties (HPT -0.7%), Sunstone Hotel (SHO -0.4%).
- The income sector doing the best is the utility group (XLU +0.8%).
- Previously: Rates plunge on Greece gets ready to default (June 29)
- ETFs: IYR, VNQ, DRN, URE, RQI, SCHH, ICF, SRS, RWR, RNP, JRS, KBWY, RFI, NRO, DRV, RIT, REK, RIF, FRI, FTY, PSR, DRA, FREL, WREI, IARAX
Rates tumble, but only marginal relief for REITs; utilities gain
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About O Stock
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Symbol | Last Price | % Chg |
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O | - | - |
Realty Income Corporation |