September marked a watershed moment in the REIT historical timeline: the creation of its own top-level GICS sector, appropriately named ‘Real Estate’.  We addressed the potential long term impact of this change in our May 2016 REIT Outlook, in particular as it relates to the sector’s raised profile and new capital flows that may boost […]

The self storage sector has been the top performing property type in 2 of the past 5 calendar years.  In fact, the Bloomberg Self Storage REIT Index (Bloomberg: BBREPBST Index) has outperformed the MSCI US REIT Index (Bloomberg: RMS G) every calendar year since 2010, averaging 1,200 basis points (or bps; 1bp = 0.01%) better […]

Year to date as of July 28, 2016, the apartment REIT sector (Bloomberg: BBREAPT) has underperformed the MSCI REIT Index (Bloomberg: RMS G) by over 1,500 basis points (bps).  Investors are concerned increasing supply in key REIT markets, principally New York and San Francisco, will have a negative effect on cash flow growth if it […]

The only sure thing about trends is that they change.  Almost every retail concept is vulnerable to a new trend that could reverse years, or even decades, of profits.  We have published extensively on the opportunities and threats that have been created by the growth of ‘omni-channel’ retailing, most recently in December 2015 in a […]

Since the modern REIT era began in the early 1990’s, REITs have learned to enhance the quality of the assets held.  The best axiom for real estate quality is “location, location, location”.  Across all sectors, the best locations tend to be high barrier markets where it is difficult to build and demand is more steady.  […]

2016 January | The Golden State of California’s Office Market February | The 2016 Chilton REIT Forecast March | Tower REITs: The Irreplaceable Backbone of the Smart Phone Revolution April | E-commerce: Shifting the Tide of Industrial Demand May | GICS Change Validates the Investment Merits of REITs 2015 January | US is the Best, […]