REITs Outgain Broader Market in March

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said confidence in the state of the economy and capital markets boosted the broader market, and REITs in particular, during March.

“It was the kind of month where equity investors in general did well in essentially all categories of the stock market,” Case said. “But, certainly you were better off if you were a REIT investor,” he added.

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FASB Researching Non-GAAP Reporting

Russell Golden, chair of the Financial Accounting Standards Board (FASB), joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

Golden addressed the question of whether the proliferation of financial reporting that doesn’t adhere to Generally Accepted Accounting Principles (GAAP) reporting means that the GAAP income statement needs to be examined.

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Tax Reform Unlikely if Republicans Lose White House, Kies Says

Ken Kies, managing director of the Federal Policy Group, LLC, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

Federal Policy Group advises clients on tax policy matters before Congress, the Treasury Department, the Internal Revenue Service and the OECD. Kies previously served as the chief of staff of the Joint Committee on Taxation.

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Leverage Lessons Learned, REIT Privatization Specialist Says

Adam Emmerich, partner at Wachtell, Lipton, Rosen and Katz, joined REIT.com for a video interview at REITWise 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

Emmerich participated on a panel at REITWise that looked at privatizations in the REIT industry and the lessons learned from the last privatization wave.

Emmerich noted that one of the lessons that the investing world has learned more broadly is that leverage can be “very, very serious.”

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REITs Bounce Back in March

REITs posted a strong upswing in March, outpacing broader market gains as investor concerns about global macroeconomic issues eased during the month, according to market observers.

The total returns of the FTSE/NAREIT All REIT Index rose 10 percent in March, while the S&P 500 Index added 6.8 percent. For the year to April 1, the total returns of the FTSE/NAREIT All REIT Index are 5.9 percent, while the S&P 500 Index is 2.0 percent higher. The yield on the 10-year Treasury note is 0.5 percent lower for the year to April 1.

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