REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Timber REITs Weyerhaeuser (NYSE: WY) and Plum Creek (NYSE: PCL) said Nov. 8 that they have agreed to merge, creating a combined company with a current market value of $ 23 billion.
The new company will retain the Weyerhaeuser name and ticker symbol. It will be the largest private owner of timberland in the United States, the companies said, with assets of more than 13 million acres. The companies also said they expect to realize annual cost synergies of $ 100 million.
REITs posted gains in October, supported by positive third quarter earnings reports and the Federal Reserve’s decision to keep interest rates unchanged, according to market watchers.
The total returns of the FTSE/NAREIT All REIT Index rose 6.1 percent in October, while the S&P 500 Index gained 8.4 percent. The yield on the 10-year Treasury note was up 0.1 percent for the month. Through the end of October, REIT total returns for 2015 were up 1.3 percent, while the S&P 500 Index was up 2.7 percent.
Real estate industry professionals expect REITs to outperform the S&P 500 Index during the next 12 months, according to a poll from BMO Capital Markets.
The poll of attendees at the BMO Capital Markets 10th Annual North American Real Estate Conference in Chicago shows that 45 percent of institutional investors expect REITs to outperform the S&P 500 Index by more than 3 percent in the next year, while 35 percent said REITs could outperform the benchmark by as much as 10 percent.
REITs gained ground in September and outpaced the broader market, as fundamentals in the sector continued to hold firm, market watchers said.
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. The yield on the 10-year Treasury note was 0.1 percent lower for the month. Through the end of September, REIT total returns were down 4.5 percent, while the S&P 500 Index was down 5.3 percent.
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.
In the latest episode of the NAREIT Podcast, Mark Roberts, head of strategy and research with Deutsche Asset & Wealth Management, offered his thoughts on the near-term outlook for the real estate market.
The activities of the European Public Real Estate Association (EPRA) reflect its mission to promote, develop and represent the European public real estate sector.
Philip Charls was named CEO of EPRA in 2007. Charls began his career as a lawyer specializing in European competition law.
Do you think investors in your region have accepted REITs as a viable way to invest in real estate?
