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Jeannie Renne-Malone, vice president of sustainability at Prologis, Inc. (NYSE: PLD), 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.
Prologis was the industrial sector winner of the 2015 NAREIT Leader in the Light Awards. Renne-Malone noted that Prologis has won the Leader in the Light award for four consecutive years.
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said REIT market gains in October provided some comfort to investors and showed that conditions are in place for continued growth.
The total returns of the FTSE/NAREIT All REIT Index rose 6.1 percent in October, while the S&P 500 Index gained 8.4 percent. The yield on the 10-year Treasury note was up 0.1 percent for the month. As of Oct. 30, REIT total returns were up 1.3 percent for the year, while the S&P 500 Index was up 2.7 percent.
REITs turned higher in July as solid second quarter earnings reports reaffirmed that fundamentals in the sector remain healthy, analysts said.
The total returns of the FTSE/NAREIT All REIT Index gained 4.9 percent in July, while the S&P 500 Index rose 2.1 percent. The yield on the 10-year Treasury note dropped 0.1 percent for the month.
Through July 31, total returns from the FTSE/NAREIT All REIT Index for 2015 slipped 0.6 percent, while the S&P 500 Index was 3.4 percent higher in the same period.
Nils Kok, executive director of the Global Real Estate Sustainability Benchmark (GRESB), joined REIT.com for a video interview at NAREIT headquarters in Washington, D.C.
Kok commented on the recent release of the 2014 GRESB Survey results, which pointed to a strong improvement in the sustainability performance of the global real estate industry as a whole.
