SCHN - Schnitzer Steel Industries, Inc.

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• Schnitzer Steel Q3 2023 Earnings Preview
• Equity REITs decline after 3 consecutive weeks of gain
• REITs gain on macro factors
• REITs show mixed performance as capital challenges hit sentiments, but positive outlook provides relief
• REITs gain on debt ceiling news, lesser rate hike possibility
• REITs continue on downward trajectory even as other major indices gain
• REITs fall as pause on debt-ceiling talks weigh on market sentiments
• Equity REITs' April capital offerings fall by 61.3% Y/Y
• REITs finish week in red as earnings season ends, broader markets also hit
• REITs fall amid rate hike, banking volatility impact on major indices
• REIT returns outpace gains in broader markets for 2nd straight week on strong earnings
• REITs' March capital offerings said to have fallen ~50% Y/Y
• REIT returns outpace gains in broader market, trend expected to continue through 2023
• REITs fall this week even though major indices gain
• REITs' capital raising activity continues to lag, down ~71% in Q1
• Schnitzer stock slumps nearly 11% on mixed results
• Schnitzer Steel declares $0.1875 dividend
• Schnitzer Steel Non-GAAP EPS of $0.14 misses by $0.05, revenue of $756M beats by $33.45M
• Schnitzer Steel FQ2 2023 Earnings Preview
• Losses from equity REITs narrow as major indices rebound from banking crisis impact