Mortgage Lending Key to Outlook for Multifamily REITs

In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Britton Costa of Fitch Ratings discussed how developments in the housing and mortgage markets are affecting the multifamily REIT sector.

Costa described Fitch’s outlook for the housing market this year as “fairly positive.” Prices for single-family housing should approach previous market highs, according to Costa, but the underlying values will be more sustainable.

News

GICS Change a “Watershed Moment” for REITs, says NAREIT Chair

Ed Fritsch, 2016 NAREIT Chair and president and CEO of Highwoods Properties, Inc. (NYSE: HIW), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Half-way through his term as 2016 NAREIT Chair, Fritsch observed that fundamentals across the REIT industry are “healthy.”

“Balance sheets are improved, dividends are fortified (and) interest in investment is strong,” he noted.

News

Malls, Apartment, Office REITs Candidates for M&A, Green Street Consultant Says

Dirk Aulabaugh, managing director with the Green Street Advisors Advisory & Consulting Group, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Green Street’s Advisory & Consulting Group advises private real estate companies, publicly traded and non-listed REITs, C-corps, real estate operating companies, hedge funds, pension funds, family offices, and other real estate market participants.

Dirk Aulabaugh

News

REITs Beat the Market in May

REITs outpaced the broader market in May, as near-term fundamentals remain positive and capital continues to flow into the sector, analysts said.

The FTSE/NAREIT All REIT Index had a total return of 2.3 percent in May, while the S&P 500 Index gained 1.8 percent. For the year to May 31, the total return of the FTSE/NAREIT All REIT Index was 6.5 percent, while the S&P 500 Index posted a total return of 3.6 percent. The yield on the 10-year Treasury note fell 0.4 percent during the first five months of the year.

News