EPRA Chief Says Spanish REITs Performing Well Since Introduction

Philip Charls, chief executive of the European Public Real Estate Association (EPRA), joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Charls gave a broad overview of developments in the European property market, starting with the arrival of REITs in the Spanish market about a year ago. Spanish REITs have performed “very well,” according to Charls. He noted that hedge fund managers Paul Soros and John Paulson were among the first investors in Spanish REITs: “You can’t imagine a better place to start it off.”

News

REITs Gain 2.8 Percent in May, Ahead of Broader Market

REITs had another solid performance in May as the FTSE NAREIT All REITs Index posted a total return of 2.8 percent, ahead of the 2.4 percent return for the S&P 500 Index.

Year-to-date, the FTSE NAREIT All REITs Index has advanced 14.8 percent, while the S&P 500 Index is 5.0 percent higher.

“It’s another positive month, continuing the upward trend of the year,” noted Jeff Langbaum, REIT analyst for Bloomberg Industries.

News

REIT-volution: REITs Continue to Adapt to Dynamic Economy

Richard Ziman

When President Dwight D. Eisenhower signed the Cigar Excise Tax Extension Act of 1960 into law, the bill authorized REITs in the United States. In the beginning, the industry primarily consisted of companies owning mortgages. Yet, over time, the REIT approach to real estate investment has demonstrated the capacity to evolve to fit the changing demands of the economy at large.

News