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Cliff Majersik, executive director at the Institute for Market Transformation (IMT), joined REIT.com for a video interview at NAREIT’s 2016 Leader in the Light Working Forum at the Ritz Carlton – Coconut Grove in Miami.
IMT is a nonprofit organization promoting energy efficiency, green building and environmental protection in the United States and abroad.
Majersik noted that during the past year, REITs have continued their sustainability leadership.
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said that despite a difficult month for all investors in January, REIT investors fared relatively well.
The total returns of the FTSE/NAREIT All REIT Index fell 3.5 percent in January. In the broader market, however, large cap stocks lost 5.0 percent, small cap value stocks lost 6.7 percent, and small cap growth stocks lost nearly 11 percent, Case observed.
REITs lost ground in January as global macroeconomic concerns exerted downward pressure on the sector, but they still outperformed the broader equity market.
The total returns of the FTSE/NAREIT All REIT Index fell 3.5 percent in January, while the S&P 500 Index lost 5.0 percent.
“Even though REITs were clearly impacted by everything that was going on in the broader market, they outperformed on a relative basis,” said Jeff Langbaum, senior REIT analyst at Bloomberg Intelligence.
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and economic analysis, said REITs are in a favorable situation to thrive in the interest rate environment in 2016.
“Equity REITs cash flows are really well-positioned for the interest rate environment ahead,” Schnure said.
In the latest episode of the NAREIT Podcast, John Bejjani, a senior analyst with REIT research firm Green Street Advisors, discussed the outlook in the office sector in 2016.
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, noted that although 2015 wasn’t the strongest year for REIT returns, stock exchange-listed equity REITs still outperformed most other asset classes.
John Kite, CEO of Kite Realty Group Trust (NYSE: KRG), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Between late 2014 and early 2015, Kite Realty sold about $ 320 million of properties that it had acquired through the 2014 merger with Inland Diversified Real Estate Trust, Inc. Kite noted that about $ 220 million of the proceeds went toward purchasing properties, while $ 100 million was earmarked to reduce leverage.
