{"id":1004199567,"date":"2017-12-06T07:08:05","date_gmt":"2017-12-06T15:08:05","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004199567"},"modified":"2022-12-08T19:42:30","modified_gmt":"2022-12-09T03:42:30","slug":"regional-mall-reits-trade-at-largest-discount-to-nav","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/regional-mall-reits-trade-at-largest-discount-to-nav\/","title":{"rendered":"Regional Mall REITs Trade at Largest Discount to NAV"},"content":{"rendered":"<p>By Khamile Armhynn Sabas<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004199601\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/regional-mall-reits-trade-at-largest-discount-to-nav\/premium_nav-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg\" data-orig-size=\"2138,1239\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Premium_NAV\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?w=1024\" class=\"alignright size-medium wp-image-1004199601\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg\" alt=\"Premium_NAV\" width=\"300\" height=\"174\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg 2138w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=300,174 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=768,445 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=1024,593 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=1536,890 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=2048,1187 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=150,87 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=696,403 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=1068,619 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=1920,1113 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/12\/Premium_NAV.jpg?resize=725,420 725w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>As of Dec. 1, publicly-traded U.S. equity REITs traded at a median discount to consensus net asset value of 3.5 percent.<\/p>\n<p>The manufactured homes sector traded at the largest median premium to NAV, at 12.4 percent. The self-storage and health care REIT sectors followed next, trading at median premiums to NAV of 9.5 percent and 6.6 percent, respectively.<\/p>\n<p>On the other hand, trading at the greatest median discount to NAV, at 30.7 percent, was the regional mall REIT sector. The shopping center REIT sector also had a notable 15.2 percent median discount to NAV as of Dec. 1.<\/p>\n<p>At the company level, health care REIT Community Healthcare Trust Inc. traded at the greatest premium to NAV, at 43.3 percent. Right behind were self-storage REIT National Storage Affiliates Trust and fellow health care REIT CareTrust REIT Inc. which traded at premiums of 30.7 percent and 29.4 percent, respectively.<\/p>\n<p>On the retail side, CBL Properties traded at the largest discount of all U.S. REITs, at 65.3 precent. Another regional mall REIT, Washington Prime Group Inc., and office REIT <a href=\"https:\/\/www.commercialsearch.com\/news\/new-york-reit-lands-760m-financing-prepares-to-sell-assets\/\">New York REIT Inc.<\/a> were next on the list with large discounts of 48.0 percent and 46.6 percent, respectively.<\/p>\n<p><i>&#8212;<\/i><i> Khamile Armhynn Sabas is an associate in the real estate product operations department of S&amp;P Global Market Intelligence.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retail REITs continue to be challenged, with the regional mall sector and shopping center sector trading at discounts of 30.7 percent and 15.2 percent, respectively, according to S&amp;P Global Market Intelligence data.<\/p>\n","protected":false},"author":1145,"featured_media":1004199601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891],"tags":[33275,38527,33255,36024,34071],"class_list":["post-1004199567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-cbl-associates-properties-inc","tag-national-storage-affiliates-trust","tag-new-york-reit-inc","tag-sp-global-market-intelligence","tag-washington-prime-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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