The Real Estate Select Sector SPDR Fund (XLRE)
After hours:
| Previous close | 34.81 |
| Open | 34.80 |
| Bid | 34.50 x 29200 |
| Ask | 34.59 x 41800 |
| Day's range | 34.51 - 35.03 |
| 52-week range | 33.12 - 42.21 |
| Volume | |
| Avg. volume | 4,737,208 |
| Net assets | 4.5B |
| NAV | 34.80 |
| PE ratio (TTM) | 26.48 |
| Yield | 3.78% |
| YTD daily total return | -3.38% |
| Beta (5Y monthly) | 1.03 |
| Expense ratio (net) | 0.10% |
| Inception date | 2015-10-07 |
- Yahoo Finance Video
Stocks trade mixed at the open, regional bank stocks rally
Yahoo Finance Live’s Brad Smith breaks down how stocks are moving following the opening bell on Monday.
- Yahoo Finance Video
Major stock indices move lower as regional bank stocks tank
Yahoo Finance Live’s Brad Smith breaks down how stocks are moving shortly after the opening bell on Thursday.
- Yahoo Finance Video
'The hybrid work environment is a major concern,' says Marcus & Millichap CEO
Concerns about recent bank failures have led investors to watch the commercial real estate market. Small banks hold a relatively large share of commercial loans, and consecutive rate hikes by the Fed make it unlikely that those businesses will refinance given the high rate environment. Meanwhile, flexible work arrangements are also lending to declining occupancy rates among many businesses. In an interview with Yahoo Finance's Rachelle Akuffo, Marcus & Millichap CEO Hessam Nadji said, "The hybrid work environment and the reduced footprint in office buildings is a major concern." Nadji says we're currently seeing the worst of the office decline, noting that, "in the next two to five years, you're going to see much more return to the office. It won't be pre-pandemic levels. I think there is a structural and permanent reduction of office space needs." Watch our full conversation with Hessam Nadji here. Key video moments: 00:00:05 The hybrid work environment 00:00:12 Return to the office outlook
