REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, reviewed the September jobs report and what it says about broader economic trends.
Non-farm payrolls rose by 248,000 in September, according to the Bureau of Labor Statistics. “That’s a solid number just by itself,” Schnure said, adding that prior months were also revised upward. “The weakness in late summer was not quite as pronounced as we thought before.”
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 developments in September.
The total return on the FTSE NAREIT All REITs Index decreased 5.6 percent, but Case stressed that September was “a difficult month for all investors…there was no place to hide last month in investing.”
REITs lost ground in September against the backdrop of a weakened broader market. The total return on the FTSE NAREIT All REITs Index dropped 5.6 percent for the month, the S&P 500 Index fell 1.4 percent.
As of the end of September, however, the FTSE NAREIT All REITs Index had gained 13.1 percent for the year, compared with an 8.3 percent gain for the S&P 500.
After spending the last five years shedding retail, industrial, residential and land assets, Cousins Properties Inc. (NYSE: CUZ) is focusing today on creating value within a portfolio of trophy office assets in the Sun Belt.
Since Cousins President and CEO Lawrence Gellerstedt III took over in 2009, the Atlanta-based firm has shifted the bulk of its portfolio from Atlanta to Texas.
FTSE and NAREIT are inviting all market participants and interested parties to participate in a consultation regarding proposed changes to the FTSE NAREIT U.S. Real Estate Index Series. Both parties strive to achieve the highest possible standards of index design, representation and calculation.
