Real estate stocks face a rate test this week — XLRE, VNQ and top REITs in focus
U.S. real estate stocks closed nearly flat Friday, with the XLRE ETF up 0.1% at $41.43. Investors adjusted to President Trump’s pick of Kevin Warsh for Fed chair and a higher-than-expected December PPI. Simon Property Group reports earnings after Monday’s close. The U.S. jobs report is due Feb. 6.