{"id":1004121408,"date":"2015-06-17T11:24:42","date_gmt":"2015-06-17T19:24:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004121408"},"modified":"2019-02-15T11:03:36","modified_gmt":"2019-02-15T19:03:36","slug":"value-added","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/value-added\/","title":{"rendered":"Value Added"},"content":{"rendered":"
\"Source:<\/a>

Source: SNL Financial, 434-977-1600, www.snl.com.real_estate<\/p><\/div>\n

As of May 4, SNL-covered self-storage REITs were trading at the highest median premium to estimated net asset value per share, besting all SNL-covered U.S. equity REITs by 22.44 percentage points. Healthcare REITs were in second place with 11.07 percent, with a drop down to 3.99 percent for the third-place manufactured home REITs.<\/p>\n

Many of the REIT sectors were trading at a discount to estimated NAV per share, from multi-family at a 2.99 percent discount all the way down to regional malls with 12.28 percent. As a result, the median performance for all SNL-covered U.S. equity REITs came in at a discount, as well, at 7.5 percent.<\/p>\n

Extra Space Storage Inc. had the highest premium to estimated NAV per share among SNL-covered U.S. self-storage REITs. The company had a consensus NAV-per-share estimate of $53.96 and a closing price of $66.72, trading at a premium of 24.27 percent\u2014which beat the all U.S equity REITs median premium\/discount to NAV by 31.77 percentage points.<\/p>\n

Among healthcare REITs, CareTrust REIT Inc. had the highest premium to estimated NAV, at 27.30 percent per share. As of May 4, the company had a closing price of $12.73 and a consensus NAV-pershare estimate of $10. Omega Healthcare Investors Inc. and National Health Investors Inc. took the second and third spots, with 20.93 percent and 20.59 percent, respectively.<\/p>\n

As of May 4, Macerich Co. was the only regional mall REIT trading at a premium, at 9.19 percent. The company had a closing price of $82.46 and a consensus NAV-per-share estimate of $75.52.<\/p>\n

Abdullah Ismaeel is an analyst in the real estate research <\/em>department of SNL Financial.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. equity REIT premium to NAV by sector<\/p>\n","protected":false},"author":921,"featured_media":1004121421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37776],"tags":[],"class_list":["post-1004121408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-premium-discount-to-nav"],"acf":[],"yoast_head":"\nValue Added - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/value-added\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Value Added\" \/>\n<meta property=\"og:description\" content=\"U.S. equity REIT premium to NAV by sector\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/value-added\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-17T19:24:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-15T19:03:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/06\/615_REITs_lead.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"432\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abdullah Ismaeel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/value-added\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/value-added\\\/\"},\"author\":{\"name\":\"Abdullah Ismaeel\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6d5e7987eba71b4a9797be44a713c1bd\"},\"headline\":\"Value Added\",\"datePublished\":\"2015-06-17T19:24:42+00:00\",\"dateModified\":\"2019-02-15T19:03:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/value-added\\\/\"},\"wordCount\":272,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/value-added\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/06\\\/615_REITs_lead.jpg\",\"articleSection\":[\"Premium\\\/Discount to NAV\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/value-added\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/value-added\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/value-added\\\/\",\"name\":\"Value Added - 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