Real Estate Investment Trust Update
REIT Valuation Stats for Office, Industrial & Apartment Sectors

  

Prior REIT Updates
Sept 04
Sept Retail/HC
Aug 04
Aug Off/Ind/Apt
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

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September 2004

September Monthly Summary:
    For the month of September, the Office sector fell from a increase of 7.88% to an increase of 6.59% year to date and since the start of Q2 is down 2.55% vs 8-31's 1.35% decrease. Industrial sector prices fell from a 11.21% increase to a 9.51% increase year to date and is down 2.39% [vs 8-31's 0.94%] since Q-1's end. The Apartment sector fell from being up 9.51% for the year to a 8.35% increase year to date and is up 5.01% [vs being up 6.17% on 8-31] since Q-1's end.
    For the month, the 4.12% to 4.19% gain in the ten year's yield represents a 7 basis point increase. The yields for the month: Office - 6.04% vs 5.97% on 8-31 [up 7 basis points]. Industrial - 5.03% vs 4.92% on 8-31 [up 11 basis points]. Apartments - 5.94% vs 5.89% on 8-31 [up 5 basis points].


Office Update for 9-30-04


Industrial Update for 9-30-04


Apartment Update for 9-30-04

    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.

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