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Why is JPMorgan bullish on REITs despite high Treasury yields? Explore their contrarian upgrades on WELL, MAC, and EGP.
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Seven sectors are higher and four are lower in Friday’s regular session, with growth sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Welltower raised full-year normalized FFO guidance by $0.10 to $6.50 per share, driven by pricing power replacing occupancy as the primary revenue driver in senior housing. The company sourced $21 billion in investment activity year-to-date, with 85% from off-market deals. Operating margins reached post-pandemic highs at 66% flow-through, supported by rental rate growth and disciplined expense management.
Four sectors are higher and seven are lower in Thursday’s regular session, with defensive sectors holding two of the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
The Macerich Company released its financial results for the third quarter of 2026, providing supplemental information via its investor relations website.
Healthpeak Properties (DOC) reported Q3 2026 FFOA of $0.44 per share, beating estimates by 2.3%, with revenues up 16.3% YoY to $820.9 million. The company raised 2026 FFOA guidance to $1.76-$1.78 per share, supported by solid outpatient leasing, improving lab occupancy, and strong senior housing performance from Janus Living. However, operating expenses surged 30% YoY, and the company carries a Zacks Rank #4 (Sell) rating.
With the Fed likely to raise interest rates in late 2026 and early 2027 despite recent restraint, investors should consider defensive positioning. The article recommends ETFs focused on materials, quality stocks, and rising rate environments, while cautioning against traditional inflation hedges like energy and REITs that are already fully valued.