Real Estate Investment Trust Update
REIT Valuation & Returns for Retail, Mall & Health Care Sectors

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Prior REIT Updates
Nov 04
Nov Stats Off/Ind/Apt
Oct 04
Oct Stats Off/Ind/Apt
Oct Stats Retail/HC
Sept 04
Sept Stats Off/Ind/Apt
Sept Stats Retail/HC
Aug 04
Aug Stats Off/Ind/Apt
Aug Stats Retail/HC
July 04
July Stats Off/Ind/Apt
July Stats Retail/HC
June 04
June Stats Off/Ind/Apt
June Stats Retail/HC
May 04
May Stats Off/Ind/Apt
May Stats Retail/HC
April 04
April Stats Off/Ind/Apt
April Stats Retail/HC
March 04
March Stats Off/Ind/Apt
March Stats Retail/HC
Feb 04
Feb Stats Off/Ind/Apt
Feb Stats Retail/HC
Jan 04
Jan Stats Off/Ind/Apt
Jan Stats Retail/HC
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
August 03
July Stats
July Stats
July 03
June Stats
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

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November 2004

November Week One Summary:
    The Shopping Center sector prices ended the week with a 15.89% increase year-to-date [vs a 11.88% increase at the end of September]. The Mall sector ended with a year-to-date gain of 25.82% [vs a gain of 22.38% last month]. The Health sector finished the week with a 11.33% year to date gain [vs 9.12% last month] for the year.
    For the week, the 4.13% to 4.19% change in the ten year's yield represents a 6 basis points change. The Shopping Center sector now has an average yield of 5.06% [vs 5.10% at October's month end - down 4 basis points]. The Mall sector average yield is now 4.22% [vs 4.39% on 10-29 - down 17 basis points]. The Health Care sector average yield is now 6.34% [vs 6.35% on 10-29 - down 1 basis point].

November Week Two Summary:
    The Shopping Center sector prices ended the week with a 20.68% increase year-to-date [vs a 15.89% increase last week]. The Mall sector ended with a year-to-date gain of 31.67% [vs a gain of 25.82% last month]. The Mall sector's year-to-date gain after the deletion of CPG and RSE was 30.98%. The Health sector finished the week with a 15.46% year to date gain [vs 11.33% last month] for the year. For the week, the Dow gained 1.46%, the S&P 500 rose 1.54% and the Nasdaq climbed 2.28%.
    For the week, the 4.19% to 4.20% change in the ten year's yield represents a 1 basis point change. The Shopping Center sector now has an average yield of 4.85% [vs 5.06% last week - down 21 basis points]. The Mall sector average yield [before deletion of CPG and RSE] is now 4.02% [vs 4.22% on 11-05 - down 20 basis points]. After the deletion of CPG and RSE, the mall sector's average yeild was 4.61%. The Health Care sector average yield is now 6.11% [vs 6.34% on 11-05 - down 23 basis point].

November Week Three Summary:
    The Shopping Center sector prices ended the week with a 17.39% increase year-to-date [vs a 20.68% increase last week]. The Mall sector ended with a year-to-date gain of 27.67% [vs a gain of 31.67% last week]. The Health sector finished the week with a 11.37% year to date gain [vs 15.46% last week] for the year.
    The Shopping Center sector now has an average yield of 4.99% [vs 4.85% last week - up 14 basis points]. The Mall sector average yield is now 4.73% [vs 4.61% on 11-12 - up 12 basis points]. The Health Care sector average yield is now 6.33% [vs 6.11% on 11-12 - up 22 basis points].

November Week Four Summary:
    The Shopping Center sector prices ended the week with a 22.37% increase year-to-date [vs a 17.39% increase last week]. The Mall sector ended with a year-to-date gain of 32.69% [vs a gain of 27.67% last week]. The Health sector finished the week with a 15.25% year to date gain [vs 11.37% last week] for the year.
    The Shopping Center sector now has an average yield of 4.80% [vs 4.99% last week - down 19 basis points]. The Mall sector average yield is now 4.55% [vs 4.73% on 11-19 - down 18 basis points]. The Health Care sector average yield is now 6.11% [vs 6.33% on 11-19 - down 22 basis points].


Shopping Center Update for 11-30-04

Notes: 02 FFO's for AKR and RPT were taken from their year-end stats release, and were substantially different for numbers in the WSJ database.


Mall Update for 11-30-04


Health Care Update for 11-30-04

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