VRAI - A World On Edge

• U.S. equity markets finished higher on a turbulent week after Russia launched a full-scale military incursion into neighboring Ukraine as investors weighed the potential destabilizing geopolitical fallout and the monetary policy response.
• Ending the week with a two-day rebound to climb out of "correction" territory and snap a two-week skid, the S&P 500 advanced 0.8%. The Nasdaq gained 1% after dipping into bear market territory.
• Real estate equities were among the leaders on the busiest week of REIT earnings season as the Equity REIT Index finished higher by 2.0% with 16-of-19 property sectors in positive territory.
• Dividend hikes continue to be the prevailing theme of REIT earnings season and we saw another dozen REITs hike their payouts this past week, bringing the full-year total to 38.
• Self-storage and residential REITs were the upside standouts of this week's REIT earnings slate. Several technology REITs managed to climb out of "bear market" territory with strong results as well.

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