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Yahoo Daily #s Office Industrial Apartment Retail Mall Health Care Hospitality NAREIT Index Factoids MLP Stats Bank Stats Prior REIT Updates June 05 June Off/Ind/Apt June Retail/Hlth Care May 05 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 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 REIT Links CPN Globe St. ICSC Real Estate Journal Reis ReBuz RSR NaREIT NREI Property ICSC REIT Week NAIOP ShopCntrsToday ShopCntrWrld Biz Links Business News Columnists Econ Reports Stock Exchanges Searches Tax News |
Monthly Sector Summary The year-to-date Shopping Center sector price performance rose to a gain of 2.10% from May's loss of 2.31%. 05 FFO growth estimates ended June with a rise to 0.40% vs. May's rise of 0.34%. Yields fell 22 basis points to 4.96% from May's 5.18%. NaREITs Shopping Center sector numbers: Up 4.93% year-to-date with a yield of 4.53%. The year-to-date Mall sector price performance rose to a gain of 7.81% from May's gain of 1.44%. 05 FFO growth estimates ended June with a fall to 1.50% vs. May's rise of 2.58%. [When CBL split it stock, some strange and probably reversable things happened to its FFO estimates.] Yields fell 13 basis points [or maybe closer to 40 point due to having GGP's div wrong last month] to 4.20% from May's 4.43%. NaREITs Mall sector numbers: Up 12.52% [large caps SPG and GGP did well] year-to-date with a yield of 3.91%. The year-to-date Health Care sector price performance rose to a gain of 2.97% from May's loss of 1.33%. 05 FFO growth estimates ended June with a fall to 1.61% vs. May's fall of 1.61%. Yields fell 20 basis points to 6.09% from May's 6.29%. NaREITs Health sector numbers: Up 4.06% year-to-date with a yield of 6.15%. This is the first month for this update to contain a Hospitality sector section. The Hospitality sector price performance rose 4.82% for the month to a year-to-date loss of 0.64%. 05 FFO growth estimates ended June with a rise to 0.31% year-to-date. Yields fell to 5.32%. NaREITs Lodging sector numbers: Up 2.66% year-to-date with a yield of 3.20%. I omit two large caps - BOY and FCH - from my numbers because they are losing money and thus not paying a dividend. The changes in year-to-date returns and yields were skewed upwards in the Office sector by the purchase of CRO by non-REIT DRA Advisors, in the Industrial sector by the purchase of CDX by PLD, and in the Apartment sector by the purchase of GLB by an investment division of non-REIT ING. During June, the year-to-date Office sector price performance rose to a gain of 0.49% from May's loss of 3.96%. 05 FFO growth estimates ended June with a fall to -3.91% vs. May's fall of -4.29%. Yields fell 21 basis points to 5.62% from May's 5.83%. NaREITs Office sector numbers: Up 8.44% [large caps EOP, BXP, VNO did well] year-to-date with a yield of 5.20%. The year-to-date Industrial sector price performance rose to a gain of 1.53% from May's loss of 3.72%. 05 FFO growth estimates ended June with a fall to -0.68% vs. May's fall of 0.65%. Yields fell 18 basis points to 4.48% from April's 4.66%. NaREITs Induistrial sector numbers: Up 0.45% year-to-date with a yield of 4.08% - both numbers drug lower by cap weighting PLD's numbers. The year-to-date Apartment sector price performance rose to a gain of 4.05% from May's loss of 3.17%. 05 FFO growth estimates ended June rising to 0.28% vs. May's fall of -0.17%. Yields fell 36 basis points to 5.04% from April's 5.40%. NaREITs Apartment sector numbers: Up 5.19% year-to-date with a yield of 4.75%. In the three other equity income segments followed by this site, Pipeline MLPs were up 7.79% year-to-date [vs being up 3.21% at May's end] and had a distribution yield of 6.03% [vs 6.16% in May] - a rise of 12 basis points. Large-cap banks fell to a loss of 5.96% from May's loss of 5.59% and yields rose 1 basis point to 3.58% from May's 3.57%. Mid-cap banks rose to a year-to-date loss of 3.78% from May's loss of 5.98% and yields ended at 3.46% [vs May's 3.56% - a rise of 10 basis points]. The ten year treasury ended the month at 3.92% [vs 4.00% on 5-31 - a fall of 8 basis points]. |