Real estate ETFs pop as malls start to re-open

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.

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Real Estate Select Sector SPDR Fund

US : U.S.: NYSE Arca

$ 36.21

-0.13 -0.36%

Volume: 1.48M

Jan. 19, 2021 10:56a

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iShares U.S. Real Estate ETF

US : U.S.: NYSE Arca

$ 84.49

-0.10 -0.12%

Volume: 1.18M

Jan. 19, 2021 10:56a

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Vanguard Real Estate ETF

US : U.S.: NYSE Arca

$ 84.47

-0.14 -0.17%

Volume: 1.52M

Jan. 19, 2021 10:56a

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Simon Property Group Inc.

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

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Kimco Realty Corp.

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