Tag: Market

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REITs Continue to Outpace Broader Market

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, pointed out that while REIT returns dropped modestly in February, the sector outperformed the broader market on a year-to-date basis.

The total returns of the FTSE/NAREIT All REIT Index fell 0.3 percent in February, while the S&P 500 Index lost 0.1 percent. For the year to March 3, the total returns of the FTSE/NAREIT All REIT Index dropped 0.1 percent, while the S&P 500 Index fell 2.1 percent.

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Apartment Market Yet to Hit Peak

In the latest episode of the NAREIT Podcast, David Kessler, partner with CohnReznick, discussed major themes in the apartment and office markets.

Regarding the multifamily sector, Kessler noted that speculation is growing that the sector is approaching its peak. He rebutted that suggestion, however.

“I think [the multifamily sector] has a long way to go still because we’re so far away from the norms as far as supply and demand,” Kessler said.

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REITs Outpace Broader Market in January

REITs lost ground in January as global macroeconomic concerns exerted downward pressure on the sector, but they still outperformed the broader equity market.

The total returns of the FTSE/NAREIT All REIT Index fell 3.5 percent in January, while the S&P 500 Index lost 5.0 percent.

“Even though REITs were clearly impacted by everything that was going on in the broader market, they outperformed on a relative basis,” said Jeff Langbaum, senior REIT analyst at Bloomberg Intelligence.

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Market Watchers Say REITs Poised for Solid 2016

After outperforming the S&P 500 in 2015, market observers expect REITs to offer solid growth prospects in 2016.

The FTSE NAREIT All REITs Index had a total return of 2.3 percent for 2015, compared to a return of 1.4 percent for the S&P 500 Index.  In December, the FTSE NAREIT All REITs Index gained 1.2 percent, while the S&P 500 Index dropped 1.6 percent.

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Quick Study: REITs Outpace Broader Market in September

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, discussed the recent outperformance of the REIT sector compared with the broader stock market.

The total returns of the FTSE/NAREIT All REIT Index rose 1.9 percent in September, while the S&P 500 Index lost 2.5 percent. Year-to-date, REIT returns are down 4.5 percent, while the S&P 500 Index is down 5.3 percent.

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Monogram Making its Mark on Multifamily Market

Last year was a period of adjustment for Monogram Residential Trust (NYSE: MORE). It changed its name, transitioned to self-management and listed its shares on the New York Stock Exchange.

Monogram, previously known as Behringer Harvard Multifamily REIT I, Inc., a public non-listed REIT, was formed in 2006. Since then, it has assembled a portfolio that includes investments in 54 upscale multifamily properties, consisting of more than 15,000 apartment homes across 11 states.

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