Research Center
Outperforming the Index
U.S. equity REITs had a one-year total return of 16.26 percent as of Oct. 30. The SNL U.S. Manufactured Homes REIT index led all REIT indexes for the year through Oct. 30, with a total return of 28.9 percent. The SNL U.S. Hotel REIT index was next on the list, with a year-to-date total return of 26.82 percent. The multi-family, regional mall and shopping center sectors all also outperformed the SNL U.S. REIT Equity index in the second half of 2014. For the 12-month period ended Oct. 30, four REIT sectors had total returns that underperformed the SNL U.S REIT…
Order Up!
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Growth Story
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
September Improvement
By Jessica Cavallero and Deegant Pandya Delinquency rates in Standard & Poor’s-rated U.S. commercial mortgage-backed securities (CMBS) declined in September 2014. The delinquency rate dropped 14 basis points month over month to 6.79 percent, offsetting two consecutive months of increases. A decrease in newly delinquent loans and the steady pace of property liquidations contributed to the previous month’s positive performance. Overall, Standard & Poor’s CMBS delinquency levels have declined across the major CMBS property types as a result of improving commercial real estate market fundamentals and ongoing liquidity in the refinance market. We expect an uptick in loan defaults and…
Long-Term Durability
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Forward Momentum
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Raising Capital
(U.S. equity REIT year-to-date 2014 offerings by sector; $ in billions)