RECENT Real Estate Investment Trusts RESEARCH
With the growing economy and global investment horizons, investments have shifted beyond the traditional options to specialized REITs.
Columbia Property Trust is a mid-sized office REIT company in the United States with a market capitalization of $3 billion.
Mortgage delinquencies are falling as home prices rise and the foreclosure pipeline clears. In October, 90-day mortgage delinquencies stood around 4.8%.
BioMed Realty is now the fifth-largest publicly traded office REIT in the United States and is a part of the S&P 400 Index.
As the world looked forward to ringing in the new year, the markets didn’t give REIT investors much to celebrate.
Investors return from holidays to a week packed with important data as the handicapping for a rate hike in March is now in full swing. We’ll also get ISM data.
The performance of industrial REITs in the past week was on the positive side. Industrial REITs combine assets such as a warehouse, cold storage, research and development sites, and general-purpose flex offices.
The seasonally adjusted Case-Shiller Index rose by 0.8% month-over-month and is up by 5.5% year-over-year. Since home prices bottomed out, we’ve had a couple of years of low double-digit returns in prices.
For the week ending on December 24, IYR and REM brought cheer for investors. They ended the week with positive returns of 0.8% and 2.3%, respectively.
December 23 saw many twists and turns in the market. Hotel and resort REITs, which had a disappointing last week, finally posted positive returns.
About the only economic data of note for real estate investors this week will be the Case-Shiller House Price Index on Tuesday, December 28, and Pending Home Sales on Wednesday. Markets will be closed on Friday for the New Year’s holiday.
For the week ended December 18, 2015, mortgage and residential REITs outshined other sub-groups with positive average returns of 2.2% for both.
After months of speculation regarding the much-anticipated interest rate hike, the FOMC meeting on December 16, 2015, finally ended investors’ wait.
The rationale behind the formation of mortgage REITs was to provide benefits to investors from the investments in real estate and its components.
After Urstadt Biddle Properties’ (UBA) fiscal 4Q15 earnings report, UBA fell by 4.0% to close at $19.12 per share on December 18, 2015.
Alexandria Real Estate Equities (ARE) is a fully integrated, self-administered, and self-managed REIT.
Highwoods Properties (HIW) is a fully integrated, self-administered, and self-managed REIT.
For the week ending December 11, the iShares US Real Estate ETF, the iShares Mortgage Real Estate Capped, and the SPDR S&P 500 ETF ended on a negative note.
Founded in 2005 and headquartered in California, Douglas Emmett is an REIT focused on high-quality commercial properties and luxury apartment communities.
According to the MBA (Mortgage Bankers Association) survey, mortgage applications rose 1.2% for the week ending December 4.