Market Pulse Archives

June 3, 2020, 2:17 p.m. EDT

Real estate ETFs pop as malls start to re-open

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Real Estate Select Sector SPDR Fund (XLRE)
  • X
    iShares U.S. Real Estate ETF (IYR)
  • X
    Vanguard Real Estate ETF (VNQ)

or Cancel Already have a watchlist? Log In

By Andrea Riquier

Exchange-traded funds with real estate exposure outperformed Wednesday as property stocks surged on re-opening hopes. The Real Estate Select Sector SPDR Fund /zigman2/quotes/207325179/composite XLRE -0.36% rose 2.4%, while the iShares U.S. Real Estate ETF /zigman2/quotes/202389641/composite IYR -0.12% rose 3% and the Vanguard Real Estate ETF /zigman2/quotes/202931846/composite VNQ -0.17% was up 3.2% in the early afternoon. Mall operator Simon Property Group /zigman2/quotes/209746667/composite SPG -0.92% was one of the best performers in the S&P 500, up nearly 15% and marking its biggest one-day move since April 6. Another shopping center operator, Kimco /zigman2/quotes/202836571/composite KIM -0.58% Realty Corporation, was up nearly 12% at midday.

/zigman2/quotes/207325179/composite
US : U.S.: NYSE Arca
$ 36.21
-0.13 -0.36%
Volume: 1.48M
Jan. 19, 2021 10:56a
loading...
/zigman2/quotes/202389641/composite
US : U.S.: NYSE Arca
$ 84.49
-0.10 -0.12%
Volume: 1.18M
Jan. 19, 2021 10:56a
loading...
/zigman2/quotes/202931846/composite
US : U.S.: NYSE Arca
$ 84.47
-0.14 -0.17%
Volume: 1.52M
Jan. 19, 2021 10:56a
loading...
/zigman2/quotes/209746667/composite
US : U.S.: NYSE
$ 92.14
-0.86 -0.92%
Volume: 953,772
Jan. 19, 2021 10:56a
P/E Ratio
19.34
Dividend Yield
5.68%
Market Cap
$34.53 billion
Rev. per Employee
$1.26M
loading...
/zigman2/quotes/202836571/composite
US : U.S.: NYSE
$ 16.38
-0.10 -0.58%
Volume: 890,270
Jan. 19, 2021 10:56a
P/E Ratio
8.09
Dividend Yield
3.93%
Market Cap
$7.12 billion
Rev. per Employee
$2.27M
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.