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Previous REIT Updates June 03 June Stats RHC May 03 May Stats OIA May Stats RHC April Stats OIA April Stats RHC April 03 March Stats OIA March Stats RHC March 03 Feb Stats OIA Feb Stats RHC Feb 03 Jan 03 Jan Stats OIA Jan Stats RHC Dec Stats Dec Stats Dec Stats Dec 03 Nov Stats Nov Stats Nov 03 Oct Stats Oct Stats Oct 03 Sept Stats Sept Stats Sept 03 August Stats August Stats August 03 July Stats July Stats July 03 June Stats June 03 Factoids Q3-02 Index Q2-02 Index Q1-02 Index Q4-01 Index Q3-01 Index Q2-01 Index Q1-01 Index Biz Links Business News Columnists Econ Reports Stock Exchanges Searches Tax News REIT Links CPN CSA Globe St. ICSC Real Estate Journal Reis ReBuz RSR NaREIT NREI Property ICSC REIT Week REIT Net NAIOP ShopCntrsToday ShopCntrWrld Ind & Office Realtors Yahoo Sortable REOC List Yahoo Stock Screen Stock Charts |
First week summary: For the first week of June week, the Office sector fell from a decrease of 0.43% to a 0.92% year to date decrease and since the start of Q2 is down 9.50% vs last weeks 9.06% decrease. Industrial sector prices rose from a 1.10% increase to a 1.18% increase and is down 9.67% [vs last week's 9.75%] since Q-1's end. The Apartment sector fell from a 1.10% gain to being flat for the year and is down 3.14% [vs last week's 2.11% loss] since Q-1's end. The yields for the week: Office - 6.27% vs 6.01% last week. Industrial - 5.44% vs 5.45% last week. Apartments - 6.46% vs 7.40% last week. The 10-year Treasury note closed Friday yielding 4.77% [vs 4.651% last week], the 30-year bond - 5.46% [5.344% last week], the five-year note - 3.95% [vs 3.80]. Nonfarm business payrolls grew 248,000 in May. Economists expected total job gains of 215,000 in May, while bond traders expected 255,000. Second week summary: The Office sector fell from a decrease of 0.92% to a 1.41% year to date decrease and since the start of Q2 is down 9.96% vs last weeks 9.50% decrease. Industrial sector prices fell from a 1.18% increase to a 1.08% increase and is down 9.77% [vs last week's 9.67%] since Q-1's end. The Apartment sector rose from a flat to being up 0.17% for the year and is down 2.96% [vs last week's 3.14% loss] since Q-1's end. The yields for the week: Office - 6.30% vs 6.27% last week. Industrial - 5.45% vs 5.44% last week. Apartments - 6.44% vs 6.46% last week. The 10-year Treasury note closed Thursday [the market was closed Friday] yielding 4.798% [vs 4.77% last week]. The 30-year bond ended at 5.468% [5.46% last week]. The Dow ended the week up 1.6%, the S&P 500 index added 1.2%, the Nasdaq gained 1.1%, and the Russell 2000 ended the week up 0.2%. Third week summary: The Office sector rose from a decrease of 1.41% to a 0.13% year to date decrease and since the start of Q2 is down 8.83% vs last weeks 9.96% decrease. Industrial sector prices rose from a 1.08% increase to a 2.20% increase and is down 8.80% [vs last week's 9.77%] since Q-1's end. The Apartment sector rose from a being up 0.17% for the year to a 1.84% increase and is down 1.35% [vs last week's 2.96% loss] since Q-1's end. The yields for the week: Office - 6.23% vs 6.30% last week [down 7 basis points]. Industrial - 5.38% vs 5.45% last week. Apartments - 6.33% vs 6.44% last week. For the week, the Dow edged up 0.06%, its fourth straight up week, while the S&P 500 dipped 0.13% and the Nasdaq fell 0.66%. In late trading, the 10-year Treasury note was yielding 4.71% [down 8.98 basis points]. The 30-year Treasury was yielding 5.38%. The five-year note was yielding 3.93%, while the three-year yielding 3.25%. The two-year was yielding 2.77%. Fourth [long] week [or 10 day span] summary: Koger Equity (NYSE: KE) announced this week a name change to CRT Properties (NYSE:CRO) to be effective on or about July 1. The Office sector rose from a decrease of 0.13% to an increase of 1.41% year to date and since the start of Q2 is down 7.37% vs last weeks 8.83% decrease. Industrial sector prices rose from a 2.20% increase to a 4.23% increase year to date and is down 6.94% [vs last week's 8.80%] since Q-1's end. The Apartment sector rose from a being up 1.84% for the year to a 3.19% increase year to date and is down 0.04% [vs last week's 1.35% loss] since Q-1's end. The yields for the week: Office - 6.15% vs 6.23% on the 18th [down 8 basis points]. Industrial - 5.28% vs 5.38% on the 18th [down 10 basis points]. Apartments - 6.24% vs 6.33% on the 18th [down 9 basis points]. In late trading, the 10-year Treasury note was yielding 4.60% [vs 4.71% on the 18th - down 11 basis points]. The 30-year Treasury was yielding 5.30%. The five-year note was yielding 3.78%, while the three-year yielding 3.10%. The two-year was yielding 2.70%. NOTE 1: ASN's 02 FFO had to be estimated (and estimated to reflect an average decrease compared to 03) due to the fact that ASN prefers to use EPS - and I could not find the number in their press releases or annual statements. NOTE: Although the tables above are checked and double-checked for accuracy, and may at times be 100% accurate - do NOT count on that. Please confirm through your own research any numbers on which you are to make a buy, sell or hold decision. Most sites giving this kind of data would say that it's information is for entertainment purposes only. I will not presume that you are that masochistic. I try to be accurate, but I randomly fail. And even accurately replicated and freshly retrieved FFO numbers are often stale. The Price to Revenue INDEX figures, due to rounding errors, are not accurate to 3 digits. They are darn close to accurate. Javascript is expected to be accurate to 5 digits when the calculation is simply x times y. But the complexity of the formula - or a large number of calculations to determine a result - can decrease the number of digits of accuracy. Click here for the Shopping Center, Mall, and Health Care Update page. This months article updates are here. |