Author: karinaestrella

Karina Estrella is an analyst with Trepp based in New York City.

Articles by karinaestrella

  • Industrial REITs Post Soft Performance Despite Surging Demand
    Published on May 22, 2017 in Capital Markets
    As job growth in the professional services sector has increased substantially over the past several years, office real estate investment trusts (REITs) have benefited from strong leasing fundamentals. However, more office construction and oversupply concentrated in major metro areas such as New York City, Houston, and Washington, D.C., continue to concern those in the market. Plus, interest rate survey data from Trepp.
  • Office REITs Face Oversupply in Key Markets, Shift to Secondary Markets Elsewhere
    Published on May 15, 2017 in Capital Markets
    As job growth in the professional services sector has increased substantially over the past several years, office real estate investment trusts (REITs) have benefited from strong leasing fundamentals. However, more office construction and oversupply concentrated in major metro areas such as New York City, Houston, and Washington, D.C., continue to concern those in the market. Plus, interest rate survey data from Trepp.
  • Health Care REITs Appear to Benefit from Legislative Inaction
    Published on April 03, 2017 in Capital Markets
    Uncertainty in the health care REIT space had spiked since the U.S. elections due to the political debate over the Affordable Care Act. But health care REITs gained 3.5 percent in the week after House Republicans pulled their health care reform bill. Plus, interest rate survey data from Trepp.
  • 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.