March 11, 2010
More Distressed Assets Coming To Market

Distressed asset funds have been frustrated by the lack of deals that have come to market thus far, says Bob O'Brien, vice chairman and US real estate leader for Deloitte. That should change in the medium term, he says. "We are seeing more activity in terms of investors reaching out to us for due diligence services. Also I think investors are getting more visibility with the recovery -- job losses are starting to slow and consumer spending appears to have bottomed out."

REIT.com EXCLUSIVES
REITs Leading Property Investments as Economy Improves, E&Y Says

By Allen Kenney
 
(March 10)— REITs are leading commercial property markets worldwide as they emerge from the global economic slowdown, according to an analysis from Ernst & Young (E&Y).
 
E&Y’s analysts concluded that REITs had passed the “stress test” placed on the REIT model during the financial crisis. They noted that as the global economic picture turned increasingly grim in 2008, REITs ran ahead of other asset classes on the way down. However, as the crisis has subsided, REITs are leading on the way back up.
 
“Our analysis shows that during the recent global downturn, REITs did what they were intended to do: give investors—albeit at a price—an opportunity to quickly adjust their exposure to real estate by selling REIT stocks. Now, REITs a

Read More
 
3/9/2010 - Litt: Cap Rates Down, Fundamentals Up
3/5/2010 - Analyst: Worst of Liquidity Crunch Likely Over
3/4/2010 - REITs Back in the Black in February
3/3/2010 - Green Street Index Shows Commercial Property Pricing Up 10 Percent Since May ‘09
2/26/2010 - Stark Receives Small Investor Empowerment Award
Read More REIT.com Exclusives >
REIT.com VIDEO

Kevin Grant of Cypress Sharpridge Investments explains why his company targets the Agency RMBS market and his outlook going forward. 

Deloitte's Bob O'Brien looks at the climate for REIT M&A, IPOs and partnerships with investment funds.

Doug Bibby of the National Multi Housing Council looks at the future of Freddie and Fannie as well as what will drive sector supply/demand.

Michael Hudgins of J.P. Morgan Asset Management explains why he feels REITs offer investors the "best of both worlds."

RREEF's John Robertson advises U.S. REITs to avail themselves of the debt markets while the window is open.

Mike Graziano of Goldman, Sachs says there is more of a demand issue than supply concern now in the REIT capital markets. 

Michael Farrell discusses Annaly Capital Management's operations and how the mortgage REIT is navigating the financial landscape.

View More REIT.com Video >
In The SPOTLIGHT

REIT.com features 2009 year-end tax reporting data from NAREIT corporate members. The data are updated daily as new information is received, and historical data are available beginning in 1995. The current year-end tax data are a valuable resource for investors seeking detailed dividend information when preparing their annual federal tax returns. CLICK HERE to view the data.

DAILY EXECUTIVE NEWS SUMMARY
Regulators Encourage Banks To Hold Onto Funds

Some investors are arguing that JPMorgan Chase, Goldman Sachs and others should consider buying back stocks or increasing dividends. Regulators, however, urged banks to hold off on such moves while economic and political uncertainty remains.

INDEX DATA As of 4:24 AM
FTSE NAREIT U.S. Price Index($)Percent Change*
All REITs
116.26
0.00
Equity REITs
365.35
0.00
Mortgage REITs
6.61
0.00
View All
FTSE EPRA/NAREIT Price Index()Percent Change*
Global
1,179.13
0.06
Developed
1,186.57
0.08
Emerging
1,842.30
-0.39
View All * from prior close