Industry data and research highlights the investment performance benefits and opportunities of REIT-based real estate investments to institutional and individual investors, financial advisers, policymakers and the media. Nareit provides a range of stock performance data for both domestic and global REITs as well as a series of industry performance measures tracked daily, monthly and yearly.
REIT leverage ratios declined on both a book-value and market-value basis in the third quarter, as prudent balance sheet management reduced the sector’s exposure to interest rates.
Nov. 29, 2018
Inflation and the Fed, Interest Rates and REITs
Two of the oldest rules on Wall Street are “Buy low, sell high,” and “Don’t fight the Fed.” While it can be difficult if not impossible to pick the highs and lows in the stock market, it is not that hard to read the Fed’s signals about future policy.
Nov. 27, 2018
REITs Report Solid Earnings Growth Through Q3 2018
Funds from operations of all listed equity REITs was 11.1 percent higher than one year earlier, according to the Nareit T-Tracker®.
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.
The macroeconomy and real estate markets had a good performance in 2017. Real GDP rebounded to annualized growth rates above 3.0 percent in the second and third quarters. Commercial properties in most markets enjoyed sustained growth of demand, high occupancy rates, rising rents and rising prices. These advantageous conditions may well continue into 2018, but there are several risks that might cause a change in the outlook.
Nareit commissioned EY to estimate the current economic contribution of all U.S. REITs (including public listed, public non-listed, and private REITs) in the United States. Today, REITs in the United States own nearly $3 trillion of gross real estate assets and public listed equity REIT portfolios included more than 290,000 properties at year-end 2016. The total economic contribution of U.S. REITs in 2016, the most recent year of complete information, was an estimated 2 million full-time equivalent (FTE) jobs and $118.6 billion of labor income.
If there has been any theme to the economic recovery over the past eight years, it has been “two steps forward, one step back,” and the first quarter is one of those steps back. The medium-term outlook for both the macroeconomy and for real estate and REITs, however, remains positive.
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.
Market Commentary
REIT Leverage Declines to an All-Time Low
REIT leverage ratios declined on both a book-value and market-value basis in the third quarter, as prudent balance sheet management reduced the sector’s exposure to interest rates.
Inflation and the Fed, Interest Rates and REITs
Two of the oldest rules on Wall Street are “Buy low, sell high,” and “Don’t fight the Fed.” While it can be difficult if not impossible to pick the highs and lows in the stock market, it is not that hard to read the Fed’s signals about future policy.
REITs Report Solid Earnings Growth Through Q3 2018
Funds from operations of all listed equity REITs was 11.1 percent higher than one year earlier, according to the Nareit T-Tracker®.