Nareit Market Commentary

The Market Commentary blog on reit.com presents analysis of the macro- and micro-economic fundamentals impacting the REIT and commercial real estate industry. The Nareit economics team offers their commentary on the state of the market, the outlook for commercial real estate and breaking macroeconomic news. The opinions set forth here are solely those of its author(s), and do not necessarily reflect the views of the Nareit or its membership.

  • 4/27/2020

    Market Conditions Calm a bit for REIT Returns

    Last week the index posted a total return of negative 4.5%, the second week of single-digit moves after much sharper gyrations both up and down in the early stages of the crisis.
  • 4/24/2020

    Weakness in Durable Goods Orders Focused on Transportation

    We are not expecting a “V” shaped recovery because some effects of the virus are likely to remain for quite some time. This news on durable goods orders, though, is consistent with underlying business fundamentals remaining intact for now despite the shutdown.
  • 4/20/2020

    REIT Share Prices Little Changed Last Week, Q1 Earnings Season Opens Soon

    In more normal times a weekly move up or down of nearly 4% would be major news, but in a period of heightened volatility during the covid-19 crisis, this is the smallest move in quite a while.
  • 4/20/2020

    Nareit Member Survey Results on COVID-19 and April Rent Collections

    Fifty-four listed equity REITs responded between April 8 and April 15, representing most property sectors and almost $418 billion in equity market capitalization or 44% of the FTSE Nareit All Equity REIT equity market capitalization.
  • 4/14/2020

    Policy Moves Sparked Rebound in REITs, S&P 500 Last Week

    The markets have gained ground in two of the past three weeks despite news of record levels of jobless claims as firms close to curb the spread of COVID-19. 
  • 4/6/2020

    REITs, Broader Equity Markets Gave Back Some Gains Last Week

    REITs declined in the week ended April 3, with a total return of -7.67%, giving back almost half of the gains they posted the week before.
  • 4/2/2020

    Lessons from the Global Financial Crisis for the Coronavirus Crisis: Public and Private Real Estate

    As the market adjusts to the COVID-19 pandemic, it’s important to keep in mind some of the lessons from the global financial crisis (GFC)—in this case, the lead/lag relationship between REITs and unlisted (or private) real estate. REIT share prices...
  • 4/1/2020

    REITs and Real Estate Related Economic Data to Watch for During the Coronavirus Crisis

    Several important data releases are scheduled in the coming weeks. Here’s what to watch.
  • 3/30/2020

    Three-day Rally Reduces Recent REIT Losses

    The stock market got a bit of relief last week as forceful policy measures prompted a three-day rally, trimming some of the recent losses.
  • 3/26/2020

    Mortgages, MBS Face Challenges During Coronavirus Crisis

    The mortgage market is critically important for the economy and for financial markets.

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