News by Topic : Market Analysis & Research

  • 9/17/2018

    Real Estate Fund Managers Assess 2018 Market Performance

    Our roundtable of real estate fund managers assess market fundamentals and growth opportunities around the world.

  • 9/6/2018

    Looking Between the Sectors: REIT Price Multiple Performance

    A comparison of recent trends of the P/E ratio for the S&P 500 to the price-to-FFO ratio for REITs shows a contrasting risk/reward tradeoff between the broad equity market and REITs.

  • 9/5/2018

    IRR is an Easily Manipulated “Performance” Metric

    Most private equity investment managers measure their performance using IRR, and illustrates how SLOCs and forward commitments can be used to manipulate IRR computations to make performance appear better than it really is. 

  • 8/28/2018

    Expansion and Growth of REIT Earnings

    Net operating income (NOI) of listed REITs rose nearly 50 percent over the past four years. The steady increases in same-store NOI at a pace above the inflation rate should continue to drive earnings, and valuations, upward in the future.

  • 8/24/2018

    FFO of listed REITs rose 5.5 percent, to $16.4 billion, in Q2

    There are a multitude of signs that REIT performance will likely remain strong in the months ahead.

  • 8/22/2018

    Low Cap Rates Are Flashing a Signal, but is it Yellow, Red… or Green?

    Are low cap rates flashing a signal that speculative pricing is setting the market up for a correction? 

  • 8/21/2018

    The REIT-Stock Correlation Has NOT “Spiked to One” During Market Crises

    It is often said that “correlations spike to one during a crisis,” but REIT-stock correlations have actually been lower during the worst stock market downturns in history, reinforcing the case for REITs as a portfolio diversifier even during crises.

  • 8/10/2018

    A Strong Economy Boosts Commercial Real Estate in Q2

    The economy is enjoying above-trend growth, with some boost from last year’s tax cuts, which supports demand for nearly all types of commercial real estate.

  • 8/1/2018

    Nareit 2018 Compensation Survey Now Available

    The comprehensive survey includes data from 132 companies and information on 192 positions.

  • 7/23/2018

    Blackstone's Rising Leaders

    Earlier this year, two long-time leaders in Blackstone’s Real Estate group, Kathleen McCarthy and Ken Caplan, succeeded Jon Gray as global co-heads of real estate.