Invesco KBW Premium Yield Equity REIT ETF (KBWY)
| Assets | $250.48M |
| Expense Ratio | 0.35% |
| PE Ratio | 24.29 |
| Shares Out | 15.37M |
| Dividend (ttm) | $1.52 |
| Dividend Yield | 9.30% |
| Ex-Dividend Date | Aug 18, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 225.76% |
| Volume | 124,666 |
| Open | 16.27 |
| Previous Close | 16.27 |
| Day's Range | 16.22 - 16.34 |
| 52-Week Low | 13.86 |
| 52-Week High | 21.86 |
| Beta | 1.11 |
| Holdings | 30 |
| Inception Date | Dec 2, 2010 |
About KBWY
Fund Home PageThe Invesco KBW Premium Yield Equity REIT ETF (KBWY) is an exchange-traded fund that mostly invests in real estate equity. The fund tracks a dividend-yield-weighted index of small- and mid-cap equity REITs. KBWY was launched on Dec 2, 2010 and is issued by Invesco.
Top 10 Holdings
46.32% of assets| Name | Symbol | Weight |
|---|---|---|
| Brandywine Realty Trust | BDN | 6.03% |
| Innovative Industrial Properties, Inc. | IIPR | 5.99% |
| Park Hotels & Resorts Inc. | PK | 4.83% |
| Community Healthcare Trust Incorporated | CHCT | 4.66% |
| Global Medical REIT Inc. | GMRE | 4.42% |
| Healthcare Realty Trust Incorporated | HR | 4.40% |
| Global Net Lease, Inc. | GNL | 4.34% |
| Apple Hospitality REIT, Inc. | APLE | 4.04% |
| RLJ Lodging Trust | RLJ | 3.82% |
| Easterly Government Properties, Inc. | DEA | 3.77% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 18, 2025 | $0.1259 | Aug 22, 2025 |
| Jul 21, 2025 | $0.12599 | Jul 25, 2025 |
| Jun 23, 2025 | $0.12601 | Jun 27, 2025 |
| May 19, 2025 | $0.1261 | May 23, 2025 |
| Apr 21, 2025 | $0.12615 | Apr 25, 2025 |
| Mar 24, 2025 | $0.12622 | Mar 28, 2025 |
Performance
KBWY had a total return of -12.16% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.12%.
News
Powell Pivot Sparks REIT Rebound
U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts....
The State Of REITs: August 2025 Edition
After a strong June (+2.56%), the REIT sector recovery stalled in July (-1.17%) as REITs fell to a -6.42% year-to-date return. Micro cap REITs (-0.20%) outperformed in July while mid caps (-1.18%), sm...
Disinflation Dividend: REIT Earnings Scorecard
A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was...
These REITs Could Potentially Crush The Vanguard Real Estate ETF
REIT ETFs suffer from many flaws. Well-selected individual REITs can be a lot more rewarding. I highlight two REITs that I expect to crush the Vanguard Real Estate ETF going forward.
KBWY: A High-Yield Is A Lure, Don't Be A Fish
KBWY's 9.63% dividend yield is misleading, masking deep problems in portfolio quality and sector concentration. The ETF is overexposed to struggling office and hotel REITs, with insufficient diversifi...
Powell Pressured As Inflation Cools
U.S. equity markets climbed to fresh record-highs this week after a critical slate of inflation data showed that tariff-driven inflation remains muted, while rumors of a potential Powell termination s...
REITs: Unloved, Unwanted, Undervalued
REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by frustratingly persistent interest rate headwinds and historic underperformance, the venue halls were agai...
The Drivers Behind REIT Dividend Growth
This post takes a closer look at the underlying mechanics that allow Realty Income and other high-quality REITs to grow their distributions over decades without compromising sustainability. While Real...
REIT Replay: REIT Share Prices Rise With Broader Market In Week Ended May 2
The Dow Jones Equity All REIT index closed the recent week up 3.31%, compared with a 2.92% increase for the S&P 500 and a 3.00% gain for the Dow Jones Industrial Average. The self-storage REIT index j...
KBWY: Strong Yield, Terrible Performance, Still A Sell
With interest rates stabilizing, REITs are looking like interesting investments. KBWY focuses on small-cap, high-yield REITs. It currently yields 10.0%, much higher than the peers. KBWY's concentrated...
Tensions Ease Ahead Of Critical Week
US equity markets resumed their recovery this week from the "liberation day" plunge after the White House negotiated trade deals with several nations and indicated plans to ease China tariffs. Trimmin...
2025 REIT Market Perspectives And A Look Ahead
A notable defensive rotation is underway this year, benefitting REIT stocks. The recipe that makes REITs a compelling investment today already contains two important ingredients – cheap valuations and...
8 U.S. REITs Announce Dividend Increases In March
Since 2000, annual returns of international equities have been better than those of the U.S. only nine times. As concerns grow about the impact of tariffs on the economy and uncertainty looms, market ...
KBWY: The High Yield Isn't Sustainable
I rate Invesco KBW Premium Yield Equity REIT ETF as a sell due to continuous NAV decline and unsustainable dividends driven by a poor mix of holdings. Despite a high dividend yield of 10.8%, the fund'...
REIT Replay: U.S. REIT Share Prices Plummet Following Trump's Tariff Announcements
Share prices for US equity real estate investment trusts plummeted alongside the broader stock market following President Donald Trump's tariff announcements on April 2. All Dow Jones US real estate s...
