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Biz Links Prior REIT Updates April 05 April Off/Ind/Apt March 04 March Off/Ind/Apt March Retail/Hlth Care Feb 04 Feb Off/Ind/Apt Feb Retail/Hlth Care Jan 04 Jan Off/Ind/Apt Jan Retail/Hlth Care Dec 04 Jan Off/Ind/Apt Jan Retail/Hlth Care Nov 04 Nov Off/Ind/Apt Nov Retail/Hlth Care Oct 04 Oct Off/Ind/Apt Oct Retail/Hlth Care Sept 04 Sept Off/Ind/Apt Sept Retail/Hlth Care Aug 04 Aug Off/Ind/Apt Aug Retail/Hlth Care July 04 July Off/Ind/Apt July Retail/Hlth Care June 04 June Off/Ind/Apt June Retail/Hlth Care May 04 May Off/Ind/Apt May Retail/Hlth Care April 04 April Off/Ind/Apt April Retail/Hlth Care March 04 March Off/Ind/Apt March Retail/Hlth Care Feb 04 Feb Off/Ind/Apt Feb Retail/Hlth Care Jan 04 Jan Off/Ind/Apt Jan Retail/Hlth Care 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 REIT Links CPN Globe St. ICSC Real Estate Journal Reis ReBuz RSR NaREIT NREI Property ICSC REIT Week NAIOP ShopCntrsToday ShopCntrWrld |
Monthly Sector Summary During April, the year-to-date Shopping Center sector price performance rose to a loss of 5.92% from March's loss of 8.46%. 05 FFO growth estimates ended April with a rise of to 0.17% vs March's rise of 0.27%. Yields fell 15 basis points to 5.35% from March's 5.50%. The year-to-date Mall sector price performance rose to a loss of 1.86% from March's loss of 10.34%. 05 FFO growth estimates ended April with a rise of to 2.01% vs March's rise of 1.87%. Yields fell 42 basis points to 4.57% from March's 4.99%. The year-to-date Health Care sector price performance rose to a loss of 5.76% from March's loss of 11.43%. 05 FFO growth estimates ended April with a fall of to 0.82% vs March's fall of 1.42%. Yields fell 41 basis points to 6.58% from March's 6.99%. The year-to-date Office sector price performance rose to a loss of 5.15% from March's loss of 6.95%. 05 FFO growth estimates ended April with a fall to -3.56% vs March's fall of -3.35%. Yields fell 6 basis points to 5.90% from March's 5.96%. The year-to-date Industrial sector price performance rose to a loss of 6.77% from March's loss of 8.96%. 05 FFO growth estimates ended April with a rise of to 0.03% vs March's rise of 0.10%. Yields fell 11 basis points to 4.81% from March's 4.92%. The year-to-date Apartment sector price performance rose to a loss of 5.29% from March's loss of 10.60%. 05 FFO growth estimates ended April with a fall to -0.51% vs March's fall of -0.85%. Yields fell 32 basis points to 5.51% from March's 5.83%. In the three other equity income segments followed by this site, Pipeline MLPs were up 4.67% year-to-date [vs being up 2.21% at March's end] and had a distribution yield of 5.98% [vs 6.07% in March] - a fall of 9 basis points. Large-cap banks rose to a loss of 6.13% from March's loss of 7.30% and yields fell 2 basis points to 3.59% from March's 3.61%. Mid-cap banks were the only segment to lose money in April, falling to a year to date loss of 8.85% [vs March's loss of 7.85%] and yields ended at 3.67% [vs March's 3.58% - a rise of 9 basis points]. The ten year treasury ended the month at 4.20% [vs 4.50% on 3-31 - a fall of 30 basis points] after reaching a low of 4.17%. The average return for all REIT sectors is -5.12%. The average return of cap weighted indexes is only -2.24% [using the return of ETF RWR - NaREITs show the year to date return of its equity REIT index at -3.52% - and its Mortgage REIT index at -13.79%]. Why the difference between this site's figures and the others? Because large caps this year have noticably outperformed. Examples: BXP, EOP, GGP, SPG, and VNO all have positive returns this year. These five REITs, all among the top ten largest cap REITs, together make up 21.83% of the market cap of the RWR, but are only 6% of the 84 REITs followed by this site. |