REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
REITs held steady in May, as concerns over interest rate increases and uneven economic data continued to put pressure on the market.
The total returns of the FTSE/NAREIT All REIT Index slipped 0.1 percent in May, while the S&P 500 Index gained 1.3 percent. The yield on the 10-year Treasury note rose 0.1 percent for the month.
Through the end of May, total returns from the FTSE/NAREIT All REIT Index were 1.0 percent lower. The S&P 500 was up 3.2 percent during the same period.
Spurred on by attractive financing and solid returns, health care REITs continue their aggressive pursuit of senior housing properties.
In the latest episode of the NAREIT Podcast, Michael Hudgins, managing director and global strategist with EII Capital Management, discussed some of the major stories in real estate investment at the moment, including REIT valuations, the demand for real estate and the impact of secular factors on the U.S. real estate market.
In the latest episode of the NAREIT Podcast, Joe Fisher, director with Deutsche Asset & Wealth Management, discussed research on the performance of REITs in periods of rising interest rates.
Rising interest rates are generally seen as a drag on REITs’ performance and returns, according to Fisher, because they raise the cost of capital, and real estate is a capital-intensive business.
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, discussed a down month for REITs during April.
The total returns of the FTSE NAREIT All REITs Index dipped approximately 4.7 percent in April, following a gain of 1.2 percent the month before.
“It was a difficult month for REIT investors,” Case said, although he stressed that it wasn’t a good month for investors in any asset class.
Chris Dubrowski, partner at Deloitte LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Dubrowski outlined how companies are preparing for the new revenue recognition standard issued by the Financial Accounting Standards Board (FASB). He acknowledged the difficulty in understanding new rules until they are applied to actual transactions. “I’m telling people to think about the different ways you recognize revenue within a REIT and think about whether those might be impacted,” he said.
Peter Fass, partner at Proskauer Rose, LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Fass observed that new customer account rules from the Financial Industry Regulatory Association (FINRA) aiming to increase transparency of public non-listed REITs (PNLR) have led to speculation about their impact on a number of fronts.
“There’s a lot of talk about how it’s going to affect sales. Who’s going to make the changes? Will it reduce fees to broker-dealers? We shall see,” he said.
Adam Cohen, executive director of tax at W.P. Carey Inc. (NYSE: WPC), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Cohen noted that one of the main challenges facing REIT tax directors concerns resource constraints.
“There are a lot of demands placed on the tax department, and we’re becoming increasingly integrated with the accounting and finance functions, but we don’t have enough people,” he said.
