Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose
Published . Updated .
Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose Morningstar
Directly affected
- MORN Morningstar
Named in this report.
Indirectly affected
- TLT iShares 20+ Year Treasury Bond
Long-term bonds move when yields change
- IEF iShares 7-10 Year Treasury Bond
Treasury bonds move when yields change
- SHY iShares 1-3 Year Treasury Bond
Short-term bonds move when the Fed changes rates
- SPY SPDR S&P 500
Stocks move when the Fed changes the rate path
- JPM JPMorgan Chase
Bank profits move with lending and interest rates
- BAC Bank of America
Bank profits move with lending and interest rates
- GS Goldman Sachs
Bank profits move with lending and interest rates
- XLF Financial Select Sector SPDR
A fund of financial companies
- KRE SPDR S&P Regional Banking
Regional banks are sensitive to interest rates
- ARI APOLLO COML REAL ESTATE FIN COM
GA selected ARI as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose Morningstar
Source: Morningstar
The price since 12 Oct 2026: Apollo Commercial Real Estate Finance (ARI) versus the S&P 500
Since the first closing price after “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose,” Apollo Commercial Real Estate Finance (ARI) is -1.56%. The S&P 500 fund (SPY) is -1.47% over the same days, a -0.09% difference versus the market.
| Company | When | Move | Status |
|---|---|---|---|
| Apollo Commercial Real Estate Finance (ARI) | that day | +0.96% | final price |
| Apollo Commercial Real Estate Finance (ARI) | the next day | +3.04% | final price |
| Apollo Commercial Real Estate Finance (ARI) | two days later | +1.12% | final price |
| Apollo Commercial Real Estate Finance (ARI) | three days later | +2.72% | final price |
| Apollo Commercial Real Estate Finance (ARI) | three days earlier | -0.16% | final price |
| Apollo Commercial Real Estate Finance (ARI) | five days earlier | -0.16% | final price |
| BAC | that day | +0.48% | final price |
| BAC | the next day | -0.66% | final price |
| BAC | two days later | -5.34% | final price |
| BAC | three days later | -4.84% | final price |
| BAC | three days earlier | -1.44% | final price |
| BAC | five days earlier | -0.48% | final price |
| GS | that day | -0.12% | final price |
| GS | the next day | -0.37% | final price |
| GS | two days later | -1.86% | final price |
| GS | three days later | -0.47% | final price |
| GS | three days earlier | -0.88% | final price |
| GS | five days earlier | -0.18% | final price |
| Ishares Tr (IEF) | that day | +0.04% | final price |
| Ishares Tr (IEF) | the next day | +0.16% | final price |
| Ishares Tr (IEF) | two days later | +0.34% | final price |
| Ishares Tr (IEF) | three days later | +1.06% | final price |
| Ishares Tr (IEF) | three days earlier | -0.31% | final price |
| Ishares Tr (IEF) | five days earlier | -0.55% | final price |
| JPM | that day | +0.47% | final price |
| JPM | the next day | -0.44% | final price |
| JPM | two days later | +0.70% | final price |
| JPM | three days later | +0.77% | final price |
| JPM | three days earlier | -1.04% | final price |
| JPM | five days earlier | -0.20% | final price |
Who gains and who loses around Apollo Commercial Real Estate Finance (ARI)
Companies carried with this story
- ARI Apollo Commercial Real Estate Finance
For “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose,” Apollo Commercial Real Estate Finance (ARI) is linked, with no stored direction, high confidence. Reason on file: GA selected ARI as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- KREF KKR Real Estate Finance Trust
For “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose,” KKR Real Estate Finance Trust (KREF) is linked, with no stored direction, high confidence. Reason on file: GA selected KREF as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- REFI Chicago Atlantic Real Estate Finance
Chicago Atlantic Real Estate Finance (REFI) is linked, with no stored direction, high confidence in the 12 Oct 2026 story “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose.” Reason on file: GA selected REFI as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ACRE Ares Commercial Real Estate
In “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose,” Ares Commercial Real Estate (ACRE) is linked, with no stored direction, high confidence. Reason on file: GA selected ACRE as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FREL Fidelity Covington Tr Msci Real Estate
For “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose,” Fidelity Covington Tr Msci Real Estate (FREL) is linked, with no stored direction, high confidence. Reason on file: GA selected FREL as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IGR Cbre Global Real Estate Income Fund
For “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose,” Cbre Global Real Estate Income Fund (IGR) is linked, with no stored direction, high confidence. Reason on file: GA selected IGR as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- XLF Select Sector Spdr Tr
For “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose,” Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence. Reason on file: Rate-policy changes can alter funding costs, net-interest margins, and financial-sector valuation
- KRE Spdr Series Trust
Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose.” Reason on file: Rate-policy changes can alter funding costs, net-interest margins, and financial-sector valuation
Apollo Commercial Real Estate Finance (ARI)
Apollo Commercial Real Estate Finance (ARI) is the company in “Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose,” the 12 Oct 2026 this story story.
Apollo Commercial Real Estate Finance (ARI) is on the page because GA selected ARI as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, KKR Real Estate Finance Trust (KREF): GA selected KREF as a RELATED security because its canonical security name directly matches this event's themes: real estate, estate, real. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for Apollo Commercial Real Estate Finance (ARI), and the dates in the story
ARI traded between 6.12 and 6.50 across 20 sessions. The latest close on file is 6.33. KREF traded between 5.51 and 6.85 across 20 sessions. The latest close on file is 5.69. REFI traded between 8.77 and 10.93 across 20 sessions. The latest close on file is 8.78.
What the saved facts support for Apollo Commercial Real Estate Finance (ARI)
46 out of 100
“Real Estate: Sector Underperformed in Third Quarter as Interest Rates Rose” scores 46 out of 100. The score uses 1 sources, and 13 linked companies.