Fidelity Real Estate Investment ETF

FPRO

Market cap $14.9M

Overview Fund Activity

22.90 USD

-0.03

0.13%

At close Updated Sep 15, 12:36 PM EDT

1 day

-0.13%

5 days

1.15%

1 month

2.19%

3 months

0.62%

6 months

-0.74%

Year to date

3.85%

1 year

-7.47%

5 years

14.44%

10 years

14.44%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

86% more funds holding

Funds holding: 7 [Q1] → 13 (+6) [Q2]

5.68% less ownership

Funds ownership: 13.58% [Q1] → 7.89% (-5.68%) [Q2]

43% less capital invested

Capital invested by funds: $2.12M [Q1] → $1.2M (-$919K) [Q2]

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 4

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Financial journalist opinion

REIT Slope Adjustment Has Overshadowed Future Value Gains

Despite recent price declines, REITs' future value has increased due to higher rental rates, increased property values, and reduced competing supply. Higher market demanded returns have steepened the slope, causing REIT prices to drop despite improved fundamentals and future value. The price drop is driven by higher expected returns, not impaired future value, making current REIT valuations a buying opportunity.

REIT Slope Adjustment Has Overshadowed Future Value Gains

Not All 2% Spreads Are Created Equal

Real estate investment spreads are healthier today with higher cap rates and cost of capital, enhancing long-term returns despite similar nominal spreads. Higher cap rates lead to more accretive organic growth, reinvestment, dividends, debt reduction, and buybacks compared to the low-rate environment of early 2022. The current 8% cap rate and 6% cost of capital environment are more favorable for REITs than the previous 6% and 4% scenarios.

Not All 2% Spreads Are Created Equal

Rate Cuts Benefit These 2 Equity Categories

Interest rate cuts historically benefit equities, resulting in outperformance for the next year after the initial rate cut. Pockets of more pronounced opportunity may exist within stocks for investors in a declining rate environment.

Rate Cuts Benefit These 2 Equity Categories

Look to Commercial Real Estate & FPRO Amid Rate Cuts

Advisors and investors looking for opportunities in a declining rate environment would do well to consider real estate. Beyond just residential mortgages, commercial real estate stands to benefit from rate cuts as well.

Look to Commercial Real Estate & FPRO Amid Rate Cuts

Fed Takes Aggressive Rate Cut Approach: Now What?

The Federal Reserve cut interest rates by 0.50% today as it continues to aim for a soft-landing scenario. The interest rate cut is the first in the Fed's historic fight against inflation that's lasted over two years.

Fed Takes Aggressive Rate Cut Approach: Now What?

Zacks Investment Research

Real Estate ETFs Are Hitting 52-Week Highs Lately: Here's Why

Real Estate ETFs have been hovering around a 52-week high lately.

Real Estate ETFs Are Hitting 52-Week Highs Lately: Here's Why

Is the Commercial Real Estate Panic Overblown?

Since the COVID lockdowns, one of the pervasive market narratives has been the demise of commercial real estate. With many Americans now working entirely remotely or in hybrid arrangements, offices are much less central to white-collar jobs.

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