Michelle Matteson

Premium Buy

(U.S. equity REIT premium to NAV by sector)    

Downward Shift?

(CMBS commercial/multi-family mortgage delinquency rates)

Ever Tighter?

(national cap rate performance based on properties and portfolios of $2.5 million and greater)

Slow Rise

(commercial/multi-family mortgage bankers originations index; 2001 quarterly average = 100)

Selective Solutions

(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)

Industrial Inflation

(SNL U.S. REIT index price/LTM FFO [x])

Better Building

(change in U.S. commercial real estate under construction)