Market Commentary Blog

E-commerce surged in the spring, but stores are reopening and curbside pickup is a popular hybrid of online shopping and bricks-and-mortar delivery. Many shoppers enjoy the retail experience and still prefer to check the size, fit, and appearance at a bricks & mortar store.

REITs outperformed most other GICs sectors with only 5.8% of the REIT market cap downgraded. REITs were the third best performing GICS sector by this measure.

This was the second week of rising share prices, after four straight weeks edging lower through September.

The next few years will almost certainly see a move towards less density, and it is unclear how much overall demand for office space will decline due to WFH if there is an offsetting increase in the space per worker.

REITs rallied last week, with the FTSE-Nareit All Equity REITs index posting a total return of 5.5%, trimming the year-to-date decline in total returns to the single digits.

Last week concerns about economic growth and continued consumer resiliency to COVID-19 led to REIT stocks underperforming the broader equity indexes.

Healthy buildings are quickly becoming a “must-have,” panelist Ben Myers says.

REITworks keynote speaker says U.S. sits at a “crucial juncture.”

REITs have been little affected by the turmoil in the broader stock market in recent weeks, especially among technology stocks.

Since most economic activity takes place within a commercial real estate structure, these changes will impact how people use commercial real estate in the future.

The FTSE Nareit All Equity index had a total return of negative 2.2% for the week, and is down 2.0% so far in September.

The following additions, deletions and classification changes were agreed to and will be applied after the close of business on Friday, Sept. 18, 2020.