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The Global Real Estate Sustainability Benchmark (GRESB) 2014 Survey results released Sept. 4 point to strong improvement in the sustainability performance of the global real estate industry as a whole, according to GRESB.
The survey looked at data from listed property companies and private equity real estate funds around the world. In total, the respondents’ portfolios cover 56,000 buildings with an aggregate value of $ 2.1 trillion.
REITs picked up steam in August as the total return from the FTSE NAREIT All REITs Index gained 3.4 percent, slightly below the 4 percent increase in the S&P 500 Index during the same period.
As of the end of August, however, the FTSE NAREIT All REITs Index was up 19.8 percent for the year, compared to a 9.9 percent gain for the broader market.
Matt Werner, portfolio manager at Chilton Capital Management, noted that in August, “the REIT ascent continued thanks to another strong earnings season and further declining interest rates.”
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, offered an analysis of REIT market gains in August.
The total return on the FTSE NAREIT All REITs Index increased 3.4 percent for the month, slightly below the 4.0 percent gain in the S&P 500 Index during the same period. As of the end of August, the FTSE NAREIT All REITs Index was up 19.8 percent, compared to a 9.9 percent gain for the broader market.
“REITs are strongly outperforming… real estate investors have really been rewarded,” Case said.
Faced with high prices for top-quality properties in primary markets, commercial real estate executives are looking to mid-tier assets and secondary markets to generate higher yields, according to a survey conducted by KPMG LLP.
Debra Cafaro, chairman and CEO of health care REIT Ventas, Inc. (NYSE: VTR), joined REIT.com at NAREIT headquarters in Washington for a CEO Spotlight video interview.
The health care sector has witnessed a flurry of deal-making activity. Cafaro described the pace of growth in the sector as “quite heated.”
Select Income REIT (NYSE: SIR), which primarily owns properties net leased to single tenants, said Sept. 2 that it has reached a deal to pay approximately $ 3 billion in cash and stock to acquire Cole Corporate Income Trust (CCIT), a public, non-listed REIT (PNLR).
Increased demand for commercial real estate is causing the price of assets to overtake their value in certain property sectors, according to the latest Real Estate Research Corporation’s (RERC) quarterly Real Estate Report.
“The relationship between the value versus the price of commercial real estate is precariously balanced,” according to Ken Riggs, president and CEO of RERC, a national evaluation and research organization.
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, discussed some of the latest developments in the residential REIT sector.
Most U.S. Equity REITs have strong corporate governance attributes that benefit bondholders, and they should ease their concerns about the impact of investor activism, according to a report from ratings agency Fitch Ratings, Inc.
Based on its review of 64 U.S. Equity REITs, Fitch concluded that “corporate governance is pretty strong for bondholders in the REIT space,” said Sean Pattap, a senior director at Fitch. “The positives outweigh the negatives,” he added.
