Tag: REITs

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REITs Make Gains in August

REITs picked up steam in August as the total return from the FTSE NAREIT All REITs Index gained 3.4 percent, slightly below the 4 percent increase in the S&P 500 Index during the same period.

As of the end of August, however, the FTSE NAREIT All REITs Index was up 19.8 percent for the year, compared to a 9.9 percent gain for the broader market.

Matt Werner, portfolio manager at Chilton Capital Management, noted that in August, “the REIT ascent continued thanks to another strong earnings season and further declining interest rates.”

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Quick Study: REITs Gain in August as Investors Grow Comfortable with Fundamentals

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, offered an analysis of REIT market gains in August.

The total return on the FTSE NAREIT All REITs Index increased 3.4 percent for the month, slightly below the 4.0 percent gain in the S&P 500 Index during the same period. As of the end of August, the FTSE NAREIT All REITs Index was up 19.8 percent, compared to a 9.9 percent gain for the broader market.

“REITs are strongly outperforming… real estate investors have really been rewarded,” Case said.

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REITs Retreat Modestly in July, But Still Outperform Broader Market

REITs retreated modestly in July, but still outperformed the broader market as wider macroeconomic concerns set the trend for the month, according to analysts.

The total return on the FTSE NAREIT All REITs Index dipped 0.2 percent in July, although the decline was smaller than the 1.4 percent fall in the S&P 500 Index during the same period.

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CBRE CEO Likes What He Sees in Mall REITs

T. Ritson Ferguson, CEO and CIO of CBRE Clarion Securities, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Ferguson noted that, across the board, REITs are performing well in 2014. He singled out the mall sector as the biggest surprise.

“The mall sector, especially the A-quality malls, is very strong,” Ferguson said. “We like those companies—their ability to generate cash flow growth is quite strong.”

T. Ritson Ferguson

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REITs Praised for Balance Sheet Management

Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

While Fitch Ratings looks at REIT’s capital structures on a case-by-case basis, Mark said the ratings agency has found widespread improvement in REITs’ use of leverage.

Steven Marks

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BMO Analyst Says Capital Markets Receptive to REITs

Paul Adornato, managing director with BMO Capital Markets, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Adornato reviewed the conditions that REITs have faced within the capital markets so far this year.

“The capital markets have been open for the REITs both on the equity side and on the debt side,” Adornato stated.  On the equity side, large follow-on offerings have occurred this year, he said, in addition to a number of initial public offerings (IPOs).

Paul Adornato

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Industry Veteran Says REITs Remain Low-Volatility Investments

Glenn Mueller, University of Denver professor and real estate investment strategist at Dividend Capital Group, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Mueller was asked whether he still considers REITs to be low-volatility investments.

“They are much less volatile than the overall marketplace,” Mueller said.

He explained that REITs have historically been low-volatility investments. That changed temporarily during the financial crisis as a result of exchange-traded funds (ETFs), according to Mueller.

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