O

Realty Income Corporation

Date

May 22

Warsh Fed Era Reprices Rate Sensitivity: Long Duration REITs Catch a Bid

Warsh's confirmed appointment as Fed chair — a known hawk — paradoxically compresses long-end yields as markets price in inflation-fighting credibility. 10Y already -9bps this week. XLRE leads all sectors +2.9%. Long rate-sensitive REITs, particularly residential and net-lease, into the yield compression trade.

Good for ↑ONNN

Apr 9

News

Apple's union-store closure signals retail labor cost inflection; REIT exposure grows

Union labor costs push Apple out of premium mall locations, eroding anchor-tenant economics for mall REITs like SPG and AXP.

Good for ↑OPLD

Bad for ↓SPG

VICI

MarketWatchMay 22

EngadgetApr 9

Real Estate