Market Commentary U.S. Public Equity REITs Insulated from Mortgage Market Turmoil The commercial real estate (CRE) mortgage market has changed dramatically since the end of 2021. For many real estate investors, gone are the days of low-cost, readily available property financing. 06/06/2023
Market Commentary Public and Private Real Estate: Divergences, Harbingers, and Opportunities With REIT implied capitalization (cap) rates significantly higher than private real estate transaction cap rates, the attractiveness of public equity REITs has increased. 05/19/2023
Industry News With Demand Outstripping Supply, Industrial Remains a Darling Sector Industrial REITs own and manage industrial facilities and rent space in those properties to tenants. 05/03/2023
Market Commentary Core Property Sector Fundamentals Generally Solid in 4Q22, Some Evidence of Softening The industrial, retail, and apartment property types have maintained occupancy and four-quarter rent growth rates akin to or higher than their respective pre-pandemic levels. 03/20/2023
Industry News Continued Growth of Online Sales Altering Retail Landscape Retail REITs own and manage retail real estate and rent space in those properties to tenants. 03/01/2023
Market Commentary REIT Returns Tend to Rise, and Even Surge, After Real Estate Market Divergences In the third quarter of 2022, the FTSE Nareit All Equity Index and NCREIF Fund Index–Open End Diversified Core Equity posted rolling four-quarter total returns of -16.3% and 22.1%, respectively. 02/28/2023
Market Commentary REITs “Complete” Real Estate Portfolios The U.S. economy has been marked by mixed economic growth results, elevated inflation, and higher interest rates. 02/24/2023
Market Commentary Public and Private Real Estate Divergence Presents Opportunity for Investors The U.S. commercial real estate market is amid an uncoupling. Property operational performance has generally been strong for both public and private real estate, but valuation metrics and total returns have diverged. 02/07/2023
Industry News Remote and Hybrid Work Hold Keys to the Future for Office Sector Despite concerns regarding the impact of work-from-home and uncertainty surrounding near-term office usage, office REIT operational performance has been resilient. 01/04/2023
Market Commentary Property Fundamentals Across Most Sectors Remained Solid in Third Quarter 2022 With mixed economic growth results, waning job gains, increasing interest rates, and rising recession risk, the U.S. economy is facing numerous headwinds. 12/01/2022
Market Commentary Historical Real Estate Performance Before, During, and After U.S. Recessions After experiencing two consecutive quarters of negative growth in the first half of 2022, U.S. real GDP grew by 2.6% in the third quarter this year. 11/08/2022
Market Commentary Historical REIT Outperformance Across Inflation, Interest Rate, and Economic Growth Regimes With inflation remaining at 40-year highs, interest rates escalating, and economic growth contracting, the U.S. economy is in a precarious state. 10/28/2022
