Research Center
Hugh Frater: Fair Chance No Mandates on Fannie/Freddie This Year
Hugh Frater, CEO of Berkadia, shares his insights with Multi-Housing News/Commercial Property Executive regarding the commercial property financing market.
Proper Payout
(REIT dividend yield by sector) By Jason Lail REIT dividend yields are an important metric to consider when determining investment allocations in the equity REIT space. REITs are required to pay out 90 percent of taxable income each year to maintain elected REIT status, so REITs are generally considered appealing for yield-seeking investors. Spreads between the 10-year Treasury and equity REIT yields ranged between 0.77 and 1.65 percent over the last year, with a spread as of Jan. 31, 2014, of 1.05 percent. The 10-year T-note yield has increased by 65 basis points over the last year, while equity REITs…
Job Search
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
Not-So-Heavy Metal
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
New York City Spotlight: Going Up
(office transactions by quarter, 2012-2013)
Most Active REITs
This month, CPE offers an index of the Most Active REITs. While it is good to be a REIT due to tax benefits and the ability to raise capital, it is not necessarily easy. These companies are constantly looking to refresh and reposition their portfolios in accordance with market trends.
(Mostly) Durable Strength
Value of manufacturers’ new orders; not seasonally adjusted; $ in millions
Slow Progression
(employed and unemployed persons by occupation; not seasonally adjusted; numbers in thousands)
New York City Spotlight: Leading the Market
(top 10 commercial transactions in fourth quarter 2013)