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 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.
美联储表示即将降息，这为房地产行业注入了乐观情绪，特别是使因办公行业敞口或债务水平升高而承压的股票受益。
A Shift Towards Speculation
向投机转变
Thursday's session suggests the rally has been more pronounced among real estate companies with higher debt levels
周四的会议表明，债务水平较高的房地产公司的涨势更为明显
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.
这种转变可能表明投资者越来越倾向于房地产行业的投机性股票，前提是即将到来的降息可能会为努力应对沉重债务负担的房地产投资信托基金（REIT）提供急需的喘息机会。
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.
美联储3月份的点阵图暗示将在2024年降息三次，预计次年再降息三次。这一战略方向加上增长预测从1.4％上调至2.1％，为房地产行业描绘了一幅可能更光明的图景。
Market Reactions Among Real Estate ETFs And Stocks
房地产ETF和股票之间的市场反应
- 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房地产ETF（纽约证券交易所代码：VNQ）出现上涨，周三上涨0.8％，周四上涨0.7％。
- 在ETF的投资组合中，负债累累或与面临挑战的办公行业相关的公司的股票涨幅最大。
- 市政房地产投资信托基金公司（纽约证券交易所代码：CIO）周四飙升了16％以上，在年初至今的亏损超过30％之后，出现了大幅反弹。该公司的净负债为其息税折旧摊销前利润（扣除利息、税项、债务和摊销前的收益）的六倍以上。
- 康帕思公司（纽约证券交易所代码：COMP）和办公物业收益信托基金（纽约证券交易所代码：OPI）：两家公司的涨幅均超过7％。办公物业收益信托的净负债超过其息税折旧摊销前利润的八倍以上。
- Anywhere Real Estate Inc.（纽约证券交易所代码：HOUS）和Vornado Realty Trust（纽约证券交易所代码：VNO）：这些公司也是当天表现最好的公司之一，股价分别上涨7％和5.5％。
- VanEck办公和商业房地产ETF（纽约证券交易所代码：DESK）在周三和周四连续上涨2.2％，这表明与办公相关的房地产投资信托基金在美联储会议后做出了积极的反应。
| 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% | 净负债/息税折旧摊销前利润（财年） |
| 市政办公室房地产投资信托基金有限公司 | 16.47% | 6.8 倍 |
| 办公物业收入信托 | 8.22% | 8.5 倍 |
| Compass, Inc. | 7.93% | — |
| Anywhere 房地产公司 | 7.10% | 8.9 倍 |
| DigitalBridge 集团有限公司（纽约证券交易所代码：DBRG） | 6.42% | 0.2x |
| Vornado Realty Trust | 5.47% | 9.1x |
| Opendoor 科技公司（纽约证券交易所代码：OPEN） | 5.37% | — |
| Peakstone Realty Trust（纽约证券交易所代码：PKST） | 4.92% | — |
| Zillow 集团有限公司（纽约证券交易所代码：ZG） | 4.85% | — |
| 多元化医疗信托基金（纽约证券交易所代码：DHC） | 4.82% | 13.0x |
| 道格拉斯·埃米特公司（纽约证券交易所代码：DEI） | 4.71% | 8.6x |
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