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Commercial real estate executives are overwhelmingly bullish on the outlook for their industry through the next 12 months, according to a survey conducted by international law firm DLA Piper.
DLA Piper’s survey, which was conducted in August, showed 89 percent of executives are upbeat for the coming year, compared with 85 percent a year ago and 30 percent in 2011. The survey was completed by 158 respondents, including CEOs, COOs, CFOs and other senior executives and real estate professionals.
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, said the economic recovery remains largely on track despite a disappointing August employment report.
Schnure noted that the gain of 142,000 new jobs in August was a “big disappointment,” especially since “all this year we’ve seen growing strength” with some monthly jobs reports well above the 200,000 level.
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.
