Calvin Schnure

Calvin Schnure

Calvin Schnure is Nareit’s senior vice president, research & economic analysis. He analyzes developments in the macro economy and their impact on REITs and commercial property markets, and on financial returns to REITs.

  • Market Commentary Blog

    REITs Start 2019 on a Strong Note

    January was the strongest monthly performance for REITs since October 2011.
  • Market Commentary Blog

    Demand for Commercial Real Estate Shows No Signs of Slowing

    Commercial real estate markets maintained momentum through the end of 2018, as net absorption continued at a high level across major property types.
  • Market Commentary Blog

    Update on the Government Shutdown and REITs

    In terms of information about the economy, the retail sales report for December and business inventories report for November were early casualties, as these releases planned for Jan 16th were delayed due to the Census Bureau being shuttered by the lack of funding.
  • Market Commentary Blog

    The Government Shutdown, Financial Markets and REITs

    The government appears to be settling in for an extended partial shutdown, at least as of January 2. If the shutdown persists beyond the next few days, however, the closure of several key agencies that produce statistics on the U.S. economy could begin to have an impact on financial markets, including REITs.
  • Market Commentary Blog

    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.
  • Market Commentary Blog

    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.
  • Market Commentary Blog

    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®.