While many of the larger real estate investment trusts made presentations at the 2015 REITWeek Conference in New York, specialized trusts took center stage during a panel focused on how healthy real estate property fundamentals are benefiting the data center, cell tower, timber, advertising, and farmland sectors. Plus, interest rate survey results from Trepp.
Real estate investment trusts (REITs) pulled back slightly in May as their outlook became less certain. Strong April job growth has helped fuel demand for real estate, but consumer spending has picked up less than expected given the decrease in fuel prices. Investors are also wary of an interest rate increase. Plus, interest rate survey results from Trepp.
As schools let out for the summer, student housing real estate investment trusts (REITs) are already looking past vacations and ahead to the next school year. As an influx of new construction was met with declining college enrollment this year, these REITs faced challenges.
Several years into a growth economy, most housing markets are moving forward. The four publicly traded real estate investment trusts (REITs) that were formed to acquire and rent distressed single-family homes are currently reporting short-term successes, with improved earnings and property values. However, each of the single-family residential REITs reported a net loss for the first quarter of the year.
Strong growth in e-commerce is driving demand for industrial space. Real estate investment trusts like Prologis, whose $20.5 billion market cap represents 66 percent of the industrial REIT sector, are at the forefront of these changes. Plus, interest rate survey results from Trepp.
The real estate investment trust market in India took an important step forward when Finance Minister Arun Jaitley stated that India’s minimum alternative tax will apply to REITs only when an actual transfer of units occurs. The lack of clarity on whether REITs are subject to MAT, as well as to a dividend distribution tax, are two of the factors that have prevented formation. Plus, interest rate survey results from Trepp.
Real estate investment trusts pulled back in April, with a –4.95 percent total return for the month. Interest rates edged up during the month and signs of economic weakness also affected REITs and the broader markets with first-quarter GDP growth slowing to just 0.2 percent. Plus, interest rate survey results from Trepp.
Strong demand from technology, advertising, media, and information tenants, combined with limited new office supply, has allowed for healthy rent growth. The office sector’s 2.89 percent dividend yield is below average for equity REITs, but in the current low-interest-rate environment, it is attractive compared with other investment options. Plus, interest rate survey results from Trepp.
For the first time in almost a year, weekly U.S. revenue per available room declined as of April 4. But, an improving U.S. economy and low gas prices have boosted demand while new supply has stayed low in most markets, keeping lodging market fundamentals strong. Plus, interest rate survey results from Trepp.
With no sign of a break in California’s four-year drought, Governor Jerry Brown on April 1 ordered a statewide reduction in water use. What does the worsening drought mean for the state’s economy, real estate, and REITs? Plus, interest rate survey results from Trepp.
