is_user_logged_in() Always False When Viewing Events as a List

I have the following code in my page footer:

<p>
<?php
if ( is_user_logged_in() ) {
    echo 'Welcome, registered user!';
} else {
    echo 'Welcome, visitor!';
}
?>
</p>

Which works as expected on all pages other than the events list page.

When the events list view as is set to List, is_user_logged_in() always returns false regardless of whether a user is logged in or not. However, if the events list view is set to Month or Day, is_user_logged_in() returns the expected value depending on the user’s logged in status.

Is this a bug or is there something I don’t understand about how the events list view is implemented?