Market Commentary

Global real estate turned in their strongest monthly performance since December 2021 in July, outperforming broader markets.

The FTSE Nareit All Equity REITs Index posted a total return of 8.6% and the FTSE Nareit Equity REITs Index rose 9.1% in July.

At year-end 2021, 89 REITs representing 91% of market cap in the FTSE Nareit All Equity REITs Index were rated debt issuers.

REITs are making great strides in ESG by working to enhance ESG data and disclosure.

Over the past two decades, the structure of the economy has changed dramatically, and we see this most clearly in how work, shopping, and leisure are increasingly connected to the digital economy.

The Bureau of Labor Statistics (BLS) released the June 2022 Consumer Price Index (CPI) data showing continued high inflation at 9.1% annually.

Financial markets continue to face the headwinds of tightening monetary policy and inflationary pressures driven by food and energy prices.

U.S. REITs raised $13.6 billion from secondary debt and equity offerings in the second quarter of 2022, down from $27.5 billion raised during the same period in 2021.

REITs outperformed broader markets by nearly 1.3% in June, as the Federal Reserve hiked interest rates by 75 basis points and signaled a more aggressive approach to fighting inflation in the coming months.

According to data from Google on all workers and Kastle on office workers, workers in gateway cities are more likely to work from home.

Evidence is emerging that hybrid or remote work is becoming a permanent feature for many office workers.

The FTSE EPRA/Nareit Global Real Estate Index Series underperformed broader markets in May as turbulent trading conditions persisted.