The Leading Credit Index: October Update
The Leading Credit Index for October was reported to be -0.70, improving from the revised September reading of -0.64.
While the Dodd-Frank Act was passed to avoid another financial crisis, it has crippled banks’ profitabilities over the years due to higher capital requirements.
Interest rates are inversely related to the REIT sector. A rise in interest rates has a two-fold impact on REITs.
Host Hotels & Resorts’ Dividend Yield over the Years
Host Hotels & Resorts (HST), a hotel REIT, is involved in the possession and operation of US hotel properties. The company’s revenue was almost flat in 2015 and 2016, driven…
Public Storage (PSA) an industrial REIT, invests in US and European real estate markets. Tthe company’s revenue grew 9% and 8% in 2015 and 2016, respectively. The growth was driven…
Retail REIT Regency Centers (REG) saw its revenue grow 8% in 2016, compared with 6% in 2015. The growth was driven by minimum rent, recoveries from tenants, and other income.…
Why C.R. Bard Rose to Record Highs on April 24
C.R. Bard, a leading multinational developer, manufacturer, and marketer of medical technologies, rose 19.5% on April 24 to new all-time high price levels.
Within the iShares US Real Estate ETF (IYR), mortgage and hotel and resort REITs were the worst-performing subgroups of the week.
The industry sentiment is divided when it comes to evaluating the impact of the short interest ratio. Many consider it to be an indicator of bearish sentiment.
How Has Wyndham Worldwide Performed Compared to Its Peers?
Wyndham’s peers have outperformed based on PE and PS. Its ETFs have outperformed based on price movement and PE, but Wyndham is way ahead of its ETFs based on PBV.
Wyndham’s YTD price movement was going down quarter-over-quarter in 2015 until the 3Q15 earnings report. After the report, WYN rose 5.4% to close at $80.64 per share on October 27, 2015.
Global Payments (GPN) has a market cap of $8.3 billion. Global Payments’ YTD (year-to-date) price movement is rising day by day.
The Outlook for Industrial REITs
Industrial REITs are expected to pick up steam as the US economic outlook gradually improves—demand for industrial properties is tied to overall economic growth.
If inflationary pressures cause interest rates to rise, this can sometimes work in favor of owners of warehouses or self-storage facilities. The Federal Reserve raised the interest rates with expectations of stable long-term inflation.
Industrial properties suffered a major setback during the 2008 financial crisis. The vacancy rate for industrial properties increased, and the need for new industrial buildings was close to zero.
Assessing the Risk of a Flattening Yield Curve
St. Louis Fed president and CEO James Bullard gave a presentation at a regional economic briefing on December 1. Throughout this series, we’ll analyze Bullard’s take on the risks of an inverted yield curve.
Low volatility investment strategies don’t need high levels of market volatility to do well. Market volatility tends to cluster: it can be subdued and then burst higher.
A REIT (or real estate investment trust) is a company that owns and manages income-producing real estate.
An Insight Into Columbia Property Trust’s Geographic Coverage
Columbia Property Trust operates in 15 major markets, including San Francisco, New York, Washington, D.C., Houston, Atlanta, Los Angeles, and others.
As of 3Q15, Columbia Property Trust’s property portfolio included 41 operational buildings with a rentable commercial space of 13.9 million square feet.
CXP has multi-tenant and single-tenant office properties in industries such as legal services, business services, financial services, utilities, and retail.
Equity Residential’s Management Paints a Bullish Picture for 2016
Equity Residential upwardly revised its guidance for its 2016 same-store operating performance, normalized FFO per share, and some of its transactions.
Equity Residential’s total revenue for 4Q15 stood at $703.2 million, a rise of 5.8% over 4Q14. On a same-store basis, revenues rose 5.2% to $666.4 million.
Equity Residential had a total of 98,200 same-store apartment units in 4Q15 compared to 98,400 units in 4Q14. All the units were same-store apartment units.
General Growth Properties: 13 Analysts Give a ‘Buy’ Rating
On February 3, General Growth Properties’ (GGP) stock closed at $28.10.
General Growth Properties (GGP) management scheduled a conference call to discuss its 4Q15 earnings and provide some outlook on the future.
To lower its effective borrowing costs and extend its maturity profile, GGP was active in unsecured and secured credit markets in fiscal 2015.