As of August 18, the FTSE NAREIT All Equity REIT average monthly total return was up 2.38 percent; but by month’s end, it had lost its gains and more. The FTSE NAREIT All Equity REIT average declined 5.82 percent during August. Plus, interest rate survey data from Trepp.
U.S. stock markets turned dramatically lower during much of the past week, but markets ended the six-day downturn by surging ahead on Wednesday and posting additional gains on Thursday. Positive economic news on U.S. second-quarter gross domestic product, consumer confidence, and home sales indicated that the domestic economy should be able to withstand the slowdown in China. Plus, interest rate survey data from Trepp.
Two of the four major outdoor advertising companies converted to real estate investment trusts in 2014, prompting a look at outdoor advertising trends and REIT performance. The movement toward highly flexible digital billboards is driving outdoor advertising revenue growth. Plus, interest rate survey results from Trepp.
Like all REITs, prison REITs have been beaten down this year by the prospect of higher interest rates, but they have been further affected by discussion of prison reform and new government regulations. Plus, interest rate survey results from Trepp.
Real estate investment trusts rallied during July, recovering from a weak first half of 2015. Despite reporting mostly strong second-quarter earnings, concerns about higher interest rates continue to weigh on the sector. Plus, interest rate survey results from Trepp.
Many gambling stocks are losing value and weighed down by debt, with limited options for new financing. To date, one gaming company has formed a REIT that is growing through acquisitions, and several others are considering similar moves to unlock value and boost their stock prices. Plus, interest rate survey results from Trepp.
Aging baby boomers and strong demand for inexpensive housing have helped boost the small manufactured housing real estate investment trust (REIT) sector. The sector’s market capitalization totals just $8 billion, but its total year-to-date return of 13.13 percent far exceeds the FTSE NAREIT All Equity REIT average of –1.07 percent. Plus, interest rate survey results from Trepp.
Mixed economic news is weighing on retail markets, pushing real estate investment trust (REIT) performance down. Within the retail REIT sector, regional malls, prized for stability as a core property type, have posted the best year to date returns (–1.92 percent), while shopping centers posted a return of –2.94 percent. Plus, interest rate survey results from Trepp.
International economic forces have taken center stage this week, affecting both U.S. stock markets and real estate investment trusts. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the Eurozone drove markets down during the first half of the week, with REITs faring better than the overall market. Plus, interest rate survey results from Trepp.
Is increased construction good or bad for apartment real estate investment trusts (REITs)? This question took center stage last week with the release of May data on multifamily completions and permit activity by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Plus, interest rate survey results from Trepp.
