The Market Commentary blog on reit.com presents analysis of the macro- and micro-economic fundamentals impacting the REIT and commercial real estate industry. The Nareit economics team offers their commentary on the state of the market, the outlook for commercial real estate and breaking macroeconomic news. The opinions set forth here are solely those of its author(s), and do not necessarily reflect the views of the Nareit or its membership.
Public and Private Real Estate: Divergences, Harbingers, and Opportunities
With REIT implied capitalization (cap) rates significantly higher than private real estate transaction cap rates, the attractiveness of public equity REITs has increased.
REITs Complete Institutional Real Estate Portfolios: A Case Study of the Korean National Pension System
One of the dominant themes among institutional real estate investors over the past few years has been the shift toward “alternative” property types.
REITs Post Narrow Gain in April
The FTSE Nareit All Equity REITs Index posted a total return of 0.3% in April and the FTSE EPRA Nareit Global Extended Index rose 1.5%.
REITs Raised More Than $14 Billion Through Capital Offerings in Q1 2023
In 2023, four deals to acquire publicly-listed REITs have been announced, with a total deal value of $20.4 billion and 97% of the value reflecting acquisitions by listed REITs.
REIT Skilled Nursing Tenants Have High Quality Measure Ratings
Skilled nursing facilities (SNFs) that are housed in properties leased from REITs tend to have better quality measures and ratings compared with those that rent non-REIT properties or own their buildings.
GRESB Shows REITs Continue to Improve Environmental Performance in 2022
GRESB, the Global Real Estate Sustainability Benchmark, has released its 2022 data on environmental stewardship, social responsibility, and good governance for REITs.
REITs Recovered after Early Losses in March
The FTSE Nareit All Equity REITs Index ended a tumultuous March down 1.7% for the month, and the FTSE EPRA Nareit Global Extended Index declined 2.3%.
REITs Offer Diversification and Timeliness
Recent research by Nareit shows that REIT returns have tended to bounce back—and even surge—after significant public and private real estate market divergences.
REITs Complete Institutional Real Estate Portfolios: A Case Study
One of the dominant themes among institutional real estate investors of the past few years has been the shift toward “alternative” property types.
Core Property Sector Fundamentals Generally Solid in 4Q22, Some Evidence of Softening
The industrial, retail, and apartment property types have maintained occupancy and four-quarter rent growth rates akin to or higher than their respective pre-pandemic levels.
Office Occupancy Continues to Rise Over 50%
Many employers are eager for pre-pandemic, in-office operations to resume, but many workers remain reluctant to return.
REITs Remained Positive for the Year, but Declined with Broader Markets in February
On a year-to-date basis, the FTSE Nareit All Equity REITs Index is up 3.5% and the FTSE Nareit Equity REITs Index is up 5.4%.