orzano_michael

Michael Orzano

Michael Orzano is Director of Product Management, Global Equity Indices at S&P Dow Jones Indices (S&P DJI). He is responsible for the product management of S&P DJI’s global equity, REIT, and Islamic indices and leads S&P DJI’s efforts developing new benchmarks for international equity markets and promotes their use among global clients. He also regularly publishes research, analytical reports, and market commentary on a variety of international investment topics including emerging markets, global REITs and Islamic Finance.

Prior to joining S&P DJI, Mike was a research analyst at Endurance Capital, a New York-based private equity firm, where he was responsible for evaluating investments in banks and other financial institutions. He has also worked as an investment performance analyst at Cambridge Associates.

Mike holds a bachelor’s degree in Economics from Georgetown University. He is also a CFA charterholder and a member of the New York Society of Security Analysts.

Disclosure: The content Market Realist publishes should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of S&P Dow Jones Indices.

More From Michael Orzano

  • uploads///REIT explained
    Healthcare

    REITs 101: Understanding this Investment Vehicle

    In this series, we’ll get down to the brass tacks of investing in the REIT sector, the market’s current landscape, and the benefits you can expect from this type of investment.

    By Michael Orzano
  • uploads///REIT explained
    Macroeconomic Analysis

    REITs 101: Understanding this Vehicle

    By Michael Orzano, Director, Global Equity Indices Publicly traded property stocks, including real estate investment trusts (or REITs) and real estate operating companies (or REOCs), allow investors to gain exposure to real estate, which is generally an illiquid asset class, without sacrificing the liquidity benefits of listed equities. They also typically offer higher yields than […]

    By Michael Orzano
  • uploads///Economic impact of REITs
    Macroeconomic Analysis

    Why Look to REITs for Opportunities?

    HEDGING AGAINST INFLATION  Property stocks and REITs have often been viewed as inflation hedges because expected inflation will affect prices of real estate, and rental income tends to rise along with generalized inflation. However, other factors may mitigate the impact of inflationary forces. Some of these additional factors may include real estate supply and demand […]

    By Michael Orzano
  • uploads///dividend yields
    Macroeconomic Analysis

    Why REITs Tend to Offer High Dividend Yield

    COMPARING DIVIDEND YIELDS ACROSS ASSET CLASSES  Since 1999, approximately half of the total return of the Dow Jones U.S. Select REIT Index has come from dividends. During periods of heightened volatility, this income could act as a buffer and may mitigate negative price movements. Historically, the Dow Jones U.S. Select REIT Index has produced higher […]

    By Michael Orzano
  • uploads///REIT returns
    Macroeconomic Analysis

    The REIT Advantage: High Return, Low Correlation

    RETURNS AND RISKS OF REITS  REIT and property stock performance has been relatively strong over the long term, especially when compared with traditional bond and equity indices. Since 1992, the Dow Jones Global Ex-U.S. Select RESI has had an average total return close to 9%, while the Dow Jones U.S. Select REIT Index has had […]

    By Michael Orzano
  • uploads///Evolution of REITs
    Macroeconomic Analysis

    The Evolution of the REIT

    The Evolution of REITs  The basic concept of REITs originated with the business trusts that were formed in Massachusetts in the mid-19th century, when the wealth created by the industrial revolution led to a demand for real estate investment. The first REIT was set up in 1961, but it took several decades before REITs were […]

    By Michael Orzano
  • uploads///REITs Property Types
    Macroeconomic Analysis

    REITs Explained: Qualifications and Types of REITs

    To qualify as a REIT, a company must have most of its assets and income tied to real estate investment and must pay out almost all of its taxable income to shareholders in the form of dividends. In the U.S., a REIT must meet the following four requirements. The REIT must distribute at least 90% […]

    By Michael Orzano
  • uploads///Economic impact of REITs
    Macroeconomic Analysis

    Why Look to the REIT Sector for Opportunities?

    Not only do REITs (RWR)(ICF) help diversify a portfolio, but they also bolster portfolio income with their steady dividends and their long-term capital appreciation.

    By Michael Orzano
  • uploads///dividend yields
    Healthcare

    Why REITs Tend to Offer High Dividend Yields

    REITs (IYR)(VNQ) are known for their high dividend yields, outclassing almost all other broad market indices.

    By Michael Orzano
  • uploads///Correlation
    Macroeconomic Analysis

    The REIT Advantage: High Returns, Low Correlation

    Not only do REITs tend to provide steady and stable returns over the long term, but they also help in diversifying investor portfolios effectively.

    By Michael Orzano
  • uploads///Evolution of REITs
    Macroeconomic Analysis

    The Evolution of REITs

    The REITs (IYR) sector has shown phenomenal growth over the years. In the past five decades, REITs have grown to a market cap of nearly $1 trillion.

    By Michael Orzano
  • uploads///REITs Property Types
    Macroeconomic Analysis

    REIT Explained: Qualifications and Types of REITs

    Let’s talk about the two main types of REITs (ICF)—equity REITs and mortgage REITs.

    By Michael Orzano
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