REITs Rally Despite Mounting Dividend Cuts

The rebound continued for U.S. equity markets this week despite another brutal week of unemployment data. Nearly a fifth of the American workforce has filed for jobless claims since mid-March.

Investors are wagering that WWII-levels of fiscal spending combined with unprecedented levels of monetary support can help to offset the economic pain from the coronavirus shutdowns.

Real estate equities continued their recent rebound on the busiest week of real estate earnings season as more than 75 REITs reported earnings results and rent collection metrics.

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