Karina Estrella is an analyst with Trepp based in New York City.
Articles by karinaestrella
- REITs and the Latest Fed Rate Increase
Published on March 20, 2017 in Capital Markets
For the second time in the past four months, the Federal Reserve has upped the benchmark interest rate by a quarter point to a target range of 0.75–1.0 percent. While news of the rate hike caused government bond yields to drop, REITs rallied by over 2 percent following the announcement. Plus, interest rate survey data from Trepp.
- Net Acquisition by REITs May Remain Low in 2017
Published on March 13, 2017 in Capital Markets
Overall real estate investment trust acquisitions dwindled throughout 2016 while dispositions surged. Acquisitions for equity REITs were down 35 percent year over year, totaling $63.6 billion in 2016. The fourth-quarter volume was the lowest quarterly total since the second quarter of 2010, at just $7.9 billion. Plus, interest rate survey data from Trepp.
- Performance of Retail REITs Mixed as Consumer Preferences Shift
Published on February 21, 2017 in Capital Markets
According to NAREIT, regional mall REITs posted total yearly returns of –5.2 percent last year. However, the broader retail REIT sector brought in a 0.95 percent total return for 2016, and 0.5 percent for 2017 year-to-date. Within the sector, freestanding retail REITs significantly outperformed mall REITs and shopping centers last year overall. Plus, interest rate survey data from Trepp.
- Modest Gains for REITs in January
Published on February 06, 2017 in Capital Markets
According to the National Association of Real Estate Investment Trusts (NAREIT), the FTSE/NAREIT All REIT Index posted a return of 0.2 percent last month, compared to the Standard & Poor’s 500 index return of 1.9 percent. As for REIT property sectors, timber REITs posted a total return of 3.7 percent, while industrial REITs dropped by 6.5 percent. Plus, interest rate survey data from Trepp.
- REITs Drop in October, Still Outperform Broader Market
Published on November 07, 2016 in Capital Markets
October share prices for REITS were lower month-over-month, and all sectors posted lower returns, except for infrastructure REITs which reported 18.3 percent in total returns for the year. Despite the decline in prices and performance, sector returns continue to surpass the S&P 500. Plus, interest rate survey data from Trepp.
- New Entrants in Field of Nontraded REITs
Published on October 31, 2016 in Capital Markets
Both Rodin Global Property Trust and Blackstone Real Estate Income Trust are entering the nonlisted REIT sector while it is experiencing substantial headwinds, facing criticism for high fees, vague disclosures, and low returns. But efforts toward transparency are boosting their popularity with investors. Plus, interest rate survey data from Trepp.
- Health Care REITs Cutting Back on Skilled-Nursing Holdings
Published on October 24, 2016 in Capital Markets
Two of the top three health care real estate investment trusts (REITs) have spun off their struggling skilled-nursing investments into separate REITs. Plus, interest rate survey data from Trepp.