Market Analysis & Research

Total payroll employment rose 235,000 in August, the slowest since last January and far behind the monthly average of 636,000 between January and July.

REITs have increased seven out of the past eight weeks.

Data centers, infrastructure, and self storage REIT sectors all had weekly returns exceeding 2.0%.

Analysis shows REIT long-term returns outpaced home ownership returns, even accounting for the imputed value of rent.

Total retail sales fell 1.1% in July, a larger-than-expected decline that signals some important shifts in the underlying landscape for retail sales.

Broader markets rose, with a 0.6% return on the Russell 1000 and a 0.8% return on the S&P 500.

This is the longest winning streak since the six consecutive weekly gains from March 26 through April 3.

Among survey respondents more than 62% of REITs by equity market capitalization indicated that they experienced an increase in ESG reporting requests from investors between 2019 and 2020.

The Federal Reserve’s Senior Loan Officer Survey for August 2021 indicates that conditions in commercial real estate markets are improving.

REITs had a small positive total return last week with a gain of 0.1% on the FTSE Nareit All Equity REITs Index.

Real GDP rose at a 6.5% annual rate in the second quarter of 2021, and the details of the GDP report have several positive implications for the outlook for commercial real estate markets and REITs.