Market Commentary
Image
REITWatch
REITWatch is a monthly statistical publication intended to provide a snapshot of the REIT industry. It includes data derived from the FTSE Nareit U.S. Real Estate Index Series and the FTSE/EPRA Nareit Global Real Estate Index Series in addition to tracking the performance of individual REITs.
REITs and Broad Markets Fell in April as Inflation Remains Sticky and 10-Year Treasury Yield Hits Highest Level Since October
The FTSE Nareit All Equity REITs Index fell 7.9% in April as the yield on the 10-Year Treasury hit its highest level since October 2023.
REITs Raised More Than $17 Billion Through Debt and Equity Offerings in 2024: Q1
U.S. REITs raised $17.6 billion from secondary debt and equity offerings in the first quarter of 2024.
Attention Real Estate Investors: REITs May Offer More for Less
Retailers have long been adept at catering to consumers’ desires to get more for less. In the mid-1960s, Kmart started its Blue Light Specials.
No Fed Cuts, Still No Problem: Disciplined Balance Sheets Insulate REITs From Higher Rates
At the start of the year, economists and financial markets anticipated that the Federal Open Market Committee (FOMC) would embark on a series of target fed fund rate cuts in 2024.
Global Real Estate Rose in March
The FTSE EPRA Nareit Developed Extended Index rose 3.2% in March, narrowly outperforming global equities as the FTSE Global All Cap rose 3.1%.
A Cut Above: U.S. Public Equity REIT Occupancy Rates
Today’s property market is generally marked by supply-demand imbalances, yet not all segments of the commercial real estate market have exhibited the same levels of operational performance.
Closing Public-Private Real Estate Cap Rate Spreads and REIT Outperformance
Commercial property performance and valuation metrics diverge from time to time.
REITs Climbed in March; Specialty REITs Lead in 2024
The FTSE Nareit All Equity REITs Index rose 1.8% in March. Broader equity markets continued to outperform, as the Russell 1000 and Dow Jones U.S. Total Stock Market each rose 3.2%.