U.S. Real Estate Gauges Gain 0.86% as Earnings Move Shares
Photo: TokenPost
U.S. real estate benchmarks advanced week over week, while quarterly results and company-specific developments sent individual shares in different directions during a busier stretch of earnings releases. The S&P 500 Real Estate Index Sector (SP500-60) rose 0.86% to 271.41. The State Street Real Estate Select Sector SPDR ETF (XLRE) gained 0.97%, and the Dow Jones REIT and FTSE Nareit All Equity REITs indexes each advanced 1.2%. The move follows an earlier period when major U.S. real estate gauges gained more than 1% . Stock performance varied. CBRE Group missed earnings estimates and was among the sector’s biggest decliners.
Source: TokenPost
