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Prior REIT Updates Aug 04 Aug Retail/HC July 04 July Off/Ind/Apt July Retail/HC June 04 June Off/Ind/Apt June Retail/HC May 04 May Off/Ind/Apt May Retail/HC April Off/Ind/Apt April Retail/HC April 04 March Off/Ind/Apt March Retail/HC March 04/A> Feb Off/Ind/Apt Feb Retail/HC Feb 04 Jan Off/Ind/Apt Jan Retail/HC Jan 04 Dec Off/Ind/Apt Dec Retail/HC Dec 03 Nov Off/Ind/Apt Nov Retail/HC Nov 03 Oct Off/Ind/Apt Oct Retail/HC Oct 03 Sept Off/Ind/Apt Sept Retail/HC Sept 03 August Off/Ind/Apt August Retail/HC August 03 July Off/Ind/Apt July Retail/HC July 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 |
8-06-04 Weekly Summary: The Office sector rose from a increase of 1.43% to an increase of 2.29% year to date and since the start of Q2 is down 6.66% vs last weeks 7.54% decrease. Industrial sector prices fell from a 4.28% increase to a 3.66% increase year to date and is down 7.42% [vs last week's 6.87%] since Q-1's end. The Apartment sector rose from a being up 2.03% for the year to a 2.91% increase year to date and is down 0.27% [vs last week's 1.13%] since Q-1's end. The yields for the week: Office - 6.12% vs 6.19% on the 30th [down 7 basis points]. Industrial - 5.33% vs 5.30% on the 30th [up 3 basis points]. Apartments - 6.27% vs 6.32% on the 30th [down 5 basis points]. In late trading, the 10-year Treasury yielded 4.22% [vs 4.47% last week - down 25 basis points]. The 30-year Treasury was yielding 5.03% [vs. 5.20% last week - down 17 basis points]. The five-year note was yielding 3.38% [vs 3.69% last week - down 31 basis points], while the three-year note was yielding 2.71% [3.01% last week] and the two-year note was yieldiing 2.38% [2.68% last week]. The Dow declined 3.2% this week, its worst weekly loss since the second week of March - and is now down 6.1% this year. The Nasdaq tumbled 5.9% for the week [and down 11.3% this year], and the S&P 500 was down 3.4% [and down 4.3% this year] - and this was the worst weekly performance of the year for both of those indexes. Why? Record high oil prices and surprisingly low job growth. 8-13-04 Weekly Summary: The Office sector fell from a increase of 2.29% to an increase of 0.86% year to date and since the start of Q2 is down 8.03% vs last weeks 6.66% decrease. Industrial sector prices rose from a 3.66% increase to a 3.86% increase year to date and is down 7.26% [vs last week's 7.42%] since Q-1's end. The Apartment sector fell from a being up 2.91% for the year to a 2.81% increase year to date and is down 0.98% [vs last week's 0.27%] since Q-1's end. The yields for the week: Office - 6.22% vs 6.12% on the 6th [up 10 basis points before dividends were updated] and yielding 6.40% after updated dividend data. Industrial - 5.32% vs 5.33% on the 6th [down 1 basis points]. Apartments - 6.31% vs 6.27% on the 6th [up 4 basis points]. In late trading, the 10-year Treasury yielded 4.23% [vs 4.22% last week - up 1 basis points]. The 30-year Treasury was yielding 5.02% [vs. 5.03% last week - down 1 basis point]. The five-year note was yielding 3.42% [vs 3.38% last week - up 4 basis points], while the three-year note was yielding 2.84% [2.71% last week] and the two-year note was yieldiing 2.46% [2.38% last week]. The major indexes were mixed for the week. The Dow and the S&P 500 both edged 0.1% higher, while the Nasdaq fell 1.1%. 8-20-04 Weekly Summary: In a rally that was probably prompted by the mega buy-out of Rouse by GGP, REIT indexes rose an average of 2.97% on Friday alone. For the week, the Office sector rose from a increase of 0.86% to an increase of 5.39% year to date and since the start of Q2 is down 3.27% vs last weeks 8.03% decrease. Industrial sector prices rose from a 3.86% increase to a 8.33% increase year to date and is down 3.49% [vs last week's 7.26%] since Q-1's end. The Apartment sector rose from being up 2.81% for the year to a 6.55% increase year to date and is up 3.24% [vs last week's being down 0.98%] since Q-1's end. The yields for the week: Office - 6.12% vs 6.40% on the 13th [down 28 basis points]. Industrial - 5.05% vs 5.32% on the 13th [down 31 basis points]. Apartments - 6.05% vs 6.31% on the 13th [down 26 basis points]. In late trading, the 10-year Treasury yielded 4.24% [vs 4.23% last week - up 1 basis points]. The 30-year Treasury yielded 5.03% [vs 5.02% last week - up 1 basis points]. The five-year yielded 3.42% [vs 3.42% last week]. The three-year yielded 2.82% [vs 2.71% last week], and the two-year yielded 2.43% [vs 2.46% last week]. 8-31-04 Weekly [7 Business Days] Summary: For the 7 business day period of 8-23 through 8-31, the Office sector rose from a increase of 5.39% to an increase of 7.88% year to date and since the start of Q2 is down 1.35% vs 8-20's 3.27% decrease. Industrial sector prices rose from a 8.33% increase to a 11.21% increase year to date and is down 0.94% [vs 8-20's 3.49%] since Q-1's end. The Apartment sector rose from being up 6.55% for the year to a 9.51% increase year to date and is up 6.17% [vs being up 3.24% on 8-20] since Q-1's end. The yields for the week: Office - 5.97% vs 6.12% on the 20th [down 15 basis points]. Industrial - 4.92% vs 5.05% on the 20th [down 13 basis points]. Apartments - 5.89% vs 6.05% on the 20th [down 16 basis points]. In late trading, the 10-year Treasury yielded 4.12% [vs 4.24% last week - down 12 basis points]. The 30-year Treasury yielded 4.93% [vs 5.03% last week - down 10 basis points]. Monthly Summary: In the first week of August, the benchmark 10-year Treasury note was yielding 4.47%. The weaker-than-expected payroll figure for July sent it tumbling to 4.18% on the day it was released. After having spent much of the month in a range of 4.16% to 4.31%, the yield fell to 4.12% amid weaker-than-expected manufacturing data and month-end buying. That was its lowest since April 1, before a surprise surge in March payrolls sent yields flying higher. For the month, the 4.47% to 4.12% drop in the ten year's yield represents 35 basis points. The yields for the month: Office - 5.97% vs 6.19% on 7-30 [down 23 basis points]. Industrial - 4.92% vs 5.30% on 7-30 [down 38 basis points]. Apartments - 5.89% vs 6.32% on 7-30 [down 43 basis points]. 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. |