REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Randy Churchey, president and CEO of EdR (NYSE: EDR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
EdR is one of the largest developers, owners and managers of collegiate housing communities in the United States. Recently, the company completed the purchase of The District on Apache, a collegiate housing community at Arizona State University (ASU), for approximately $ 90 million.
REITs posted modest gains during November that were in line with the broader market, although year-to-date the sector continues to outperform by a solid margin.
The total return of the FTSE NAREIT All REITs Index was 2.3 percent in November. The S&P 500 Index rose 2.7 percent in November.
As of the end of November, the FTSE NAREIT All REITs Index had gained 25.8 percent in 2014, while the S&P 500 Index was up 14 percent.
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, reviewed market gains in November and longer-term trends in the REIT sector.
The total returns on the FTSE NAREIT All REITs Index were 2.3 percent for November. While returns on the S&P 500 Index rose 2.7 percent last month, Case noted that REITs outperformed small and mid-sized companies.
For the year through Nov. 28, the FTSE NAREIT All REITs Index was up 25.8 percent, compared with a 14 percent gain for the S&P 500 Index.
Steve Buller, portfolio manager at Fidelity Investments, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Buller discussed the impact of rising interest rates on REITs in both the United States and abroad. He noted that on a historical basis, there has been little correlation between REIT returns and higher interest rates.
John Brady, managing director of RBC Capital Markets, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Brady discussed action in the initial public offering (IPO) market for REITs in 2014, noting that activity “is more back-ended this year than it has been in prior years.”
Going forward, Brady predicts a “healthier” IPO market in general with an uptick in the number of offerings.
Bill Meaney, president and CEO of Iron Mountain (NYSE: IRM), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Iron Mountain, which is included in the S&P 500 Index, is a storage and information management company. The company converted to a REIT earlier this year. Meaney noted that Iron Mountain elected to become a REIT because it best suited the company’s capital allocation model and allowed it to effectively double its dividend.
A panel at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT pointed to the decline in U.S. homeownership rates as a major factor supporting growth in the single-family rental business and the multifamily housing sector.
REITs made gains in October and continued to outperform the broader stock market, supported by solid earnings reports and growing momentum in the economy.
The total return on the FTSE NAREIT All REITs Index was up 8.7 percent for the month after dropping 5.6 percent in September. The S&P 500 Index rose 2.4 percent in October. As of the end of October, the FTSE NAREIT All REITs Index had gained 23 percent, while the S&P 500 was up 11 percent.
Houston now offers the most attractive real estate investment and development opportunities of any major U.S. market, according to a survey from PwC and the Urban Land Institute (ULI).
Another Texas city, Austin, took second place in the 2015 survey of more than 1,000 real estate experts. San Francisco, which was ranked first in 2013 and 2014, slipped to the third position. Meanwhile, New York fell out of the top 10 to 14 in the 2015 survey. The Big Apple trailed up-and-coming cities such as Charlotte, N.C., and Nashville, Tenn.
