NETL - Will Rent Get Paid? Shutdowns Hit REITs

Real Estate Weekly Outlook

Will the rent get paid? Following strong gains last week after the successful passage of the massive $2.2 trillion stimulus package, U.S. equity markets declined on another volatile week as employment data painted a grim picture of the state of the U.S. economy as coronavirus shutdowns take a damaging toll. Real estate equities were slammed especially hard this week amid speculation about how many individuals and businesses will skip their rent or mortgage payments after Initial Jobless Claims data showed that nearly 10 million Americans have filed for unemployment claims over