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Yahoo Daily #s Office Industrial Apartment Retail Mall Health NAREIT Index Factoids MLP Stats Bank Stats Prior REIT Updates June 06 June Retail/HC June Off/Ind/Apt May 06 May Retail/HC May Off/Ind/Apt April 05 April Retail/HC April Off/Ind/Apt March 05 March Off/Ind/Apt March Retail/HC Feb 05 Feb Off/Ind/Apt Feb Retail/HC Jan 04 Jan Off/Ind/Apt Jan Retail/HC Dec 04 Dec Off/Ind/Apt Dec Retail/HC Nov 04 Nov Off/Ind/Apt Nov Retail/HC Oct 04 Oct Off/Ind/Apt Oct Retail/HC Sept 04 Sept Off/Ind/Apt 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 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 |
Monthly Sector Summary The Shopping Center sector rose 4.29% in July to a gain year-to-date of 6.53% from June's gain of 2.10%. 05 FFO growth estimates ended June with a fall to -0.55% vs. June's rise of 0.40%. Yields fell 18 basis points to 4.78% from June's 4.96%. NaREITs Shopping Center sector numbers [where large caps were big gainers and low yielders] was up 6.51% for the month with a 11.76% gain year-to-date and a yield of 3.95% vs. June's 4.93% year-to-date gain with a yield of 4.53% [a fall of 58 basis points]. The Mall sector rose 6.91% in July to a year-to-date gain of 15.33% from June's gain of 7.18% gain year-to-date. 05 FFO growth estimates ended June with a rise to 3.43% vs. June's 1.50%. Yields fell 7 basis points to 3.95% from May's 4.02%. NaREITs Mall sector numbers were up 9.04% for the month and up 22.70% year-to-date with a yield of 3.58% vs. June's 12.52% year-to-date gain with a yield of 3.91% [a fall of 33 basis points]. The Health Care sector rose 5.27% in July to a gain of 8.2% year to date from June's gain of 2.97%. 05 FFO growth estimates ended June with a fall to -2.95% vs. June's -2.49%. Yields fell 30 basis points to 5.79% from June's 6.09%. NaREITs Health sector numbers: Up 5.54% for the month and 9.83% year-to-date with a yield of 5.89% vs June's 4.06% year-to-date increase with a yield of 6.15% [a fall of 26 basis points]. The Hospitality sector rose 5.84% for the month to a year-to-date gain of 5.05% vs. June's -0.64% year to date performance. 05 FFO growth estimates ended June with a rise to 0.37% year-to-date vs June's 0.31%. Yields fell 30 basis points to 5.02% vs June's 5.32% . NaREITs Lodging sector numbers: Up 5.53% for the month and up 9.83% year-to-date with a yield of 3.57% vs June's 2.66% year-to-date increase with a yield of 3.20%. 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 July, the year-to-date Office sector rose 6.64% to a gain of 7.14% year to date from June's year to date gain of 0.49%. 05 FFO growth estimates ended June with a fall to -5.24% vs. June's fall of -3.91%. Yields fell 32 basis points to 5.30% from June's 5.62%. NaREITs Office sector numbers: Up 7.07% for the month and 16.11% year to date [with a yield of 4.86%] vs. June's 8.44% gain. The Industrial sector rose to a gain of 7.85% year to date [up 6.26% in July alone] from June's gain of 1.53% year to date. 05 FFO growth estimates ended June with a fall to -0.68% vs. June's fall of 0.68%. Yields fell 24 basis points to 4.24% from June's 4.48%. NaREITs Induistrial sector numbers: Up 9.10% for the month and 9.58% year-to-date with a yield of 3.76% vs. June's 0.45% year-to-date increase with a yield of 4.08%. The year-to-date Apartment sector rose 6.51% for the month to a gain of 10.74% year to date from June's gain of 4.05%. 05 FFO growth estimates ended June rising to 0.38% vs. June's rise of 0.28%. Yields fell 29 basis points to 4.75% from June's 5.04%. NaREITs Apartment sector numbers: Up 8.09% for the month and 14.48% year-to-date with a yield of 4.42% vs. June's 5.19% year-to-date rise with a yield of 4.75% [a fall of 44 basis points]. In the three other equity income segments followed by this site, Pipeline MLPs were up 14.20% year-to-date [vs being up 7.79% at June's end] and had a distribution yield of 5.87% [vs 6.03% in June - most MLPs rose their distribution during the month] - a fall of 16 basis points. During July, large-cap banks rose 1.48% to a loss of 4.65% from June's loss of 5.96% and yields fell 4 basis point to 3.54% from June's 3.58%. Mid-cap banks rose 4.13% to a year-to-date gain of 0.13% from June's loss of 3.78% and yields ended at 3.32% [vs June's 3.46% - a fall of 14 basis points]. The ten year treasury ended the month at 4.28% [vs 3.91% on 6-30 - a rise of 37 basis points]. In July the Dow Jones industrial average rose 3.56%, the Standard & Poor's 500 index climbed 3.6% and the Nasdaq composite index gained 6.22%. (Michael Martinez, AP 7-31) The Price to Revenue INDEX figures, due to rounding errors, are not accurate to 3 digits - and as of 3-31-05 are off by a margin of about 5 percent - and I have yet to find the problem. 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. |