Regulatory Official Says India Has Elements of a Thriving REIT Market

Sunder Raman, whole time member of the Securities and Exchange Board of India (SEBI), joined REIT.com for a video interview during visit to NAREIT headquarters in Washington, D.C.

Raman’s position with SEBI is equivalent to a commissioner with the U.S. Securities and Exchange Commission. He was part of a delegation from SEBI that met on June 22 with senior NAREIT executives to discuss the ongoing development of the Indian REIT market.

Sunder Raman

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REITs Beat the Market in May

REITs outpaced the broader market in May, as near-term fundamentals remain positive and capital continues to flow into the sector, analysts said.

The FTSE/NAREIT All REIT Index had a total return of 2.3 percent in May, while the S&P 500 Index gained 1.8 percent. For the year to May 31, the total return of the FTSE/NAREIT All REIT Index was 6.5 percent, while the S&P 500 Index posted a total return of 3.6 percent. The yield on the 10-year Treasury note fell 0.4 percent during the first five months of the year.

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Survey: Real Estate Executives Less Confident in Health of Market

In the the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Jay Epstien, co-chair of law firm DLA Piper’s Global Real Estate practice, discussed the results of the firm’s recent survey of real estate executives.

Epstien said the results of the survey showed that while industry executives remain optimistic about the health of the real estate market, their enthusiasm is starting to wane.

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REIT Market Rebalancing in April

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said recent trends in the REIT market reversed somewhat during April.

The total returns of the FTSE/NAREIT All REIT Index fell 1.7 percent in April, while the S&P 500 Index added 0.4 percent.

“You could characterize April as a rebalancing month, where some of the sectors that have outperformed recently underperformed. Overall, it wasn’t a month of very large movements,” Case said.

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Millennials Changing Real Estate Market, Consultant Says

Stuart Eisenberg, partner and industry practice leader for real estate and construction services at BDO USA, 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.

Eisenberg commented on the influence millennials are having on the real estate market.

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PNLR Market Undergoing Transformation, Lawyer Says

Rosemarie Thurston, a partner at Alston & Bird LLP, 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.

Thurston leads Alston & Bird’s REITs and real estate funds practice. She moderated a REITWise panel on the public non-listed REIT (PNLR) market.

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IPO Market on Hold as Volatility Keeps Companies Sidelined, NYSE Manager Says

Ron Bohlert, managing director of the Global Client Services Group at the New York Stock Exchange, 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.

Bohlert attributed the recent slowdown in REIT initial public offering (IPO) activity to volatility in the equity markets, triggered in part by the economic situation in China and continued pressure on oil prices.

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OUTFRONT Media Tapping Into Growing Advertising Market

Chances are, if you’ve been stuck in traffic or waited for a bus or subway train lately, your eye has been drawn to an advertising display created by OUTFRONT Media Inc. (NYSE: OUT).

Formerly known as CBS Outdoor Americas Inc., OUTFRONT began operating as a REIT in July 2014 following its spin-off from CBS Corp. Today, its portfolio includes approximately 57,000 billboard faces and 316,000 transit displays across the United States. Around 70 percent of the company’s revenues are derived from billboards, and 30 percent come from transit.

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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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