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REIT earnings strong but show sharp winners and losers amid rising mortgage stress and dividend cuts

Company Fundamentals
13 Nov 2026, 16:00 WIB
Seeking Alpha
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Bearish
REIT earnings strong but show sharp winners and losers amid rising mortgage stress and dividend cuts

REIT earnings season showed broadly strong results but with notable disparities: three REITs fell over 40% and a dozen dropped more than 15%. Mortgage REITs faced renewed delinquencies, especially in multifamily sectors, and residential mortgage REITs suffered mark-to-market losses due to rising rates and wider mortgage spreads. Dividend cuts reemerged with four mortgage REITs reducing or suspending payouts, the most since the pandemic. While property fundamentals remain healthy and new supply declines, higher borrowing costs are increasingly impacting which REITs can grow earnings and dividends.

REIT earnings season showed mixed results with some significant declines. Of 47 Real Estate-sector US stocks on Pluang, 25 rose and 16 fell as of Nov 13, 2026 18:31 WIB. Notable prices include Opendoor Technologies Inc at USD 1.25, Prologis Inc at USD 129.57, and Annaly Capital Management, Inc. at USD 17.69.

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