Market Commentary
Image
REITWatch
REITWatch is a monthly statistical publication intended to provide a snapshot of the REIT industry. It includes data derived from the FTSE Nareit U.S. Real Estate Index Series and the FTSE/EPRA Nareit Global Real Estate Index Series in addition to tracking the performance of individual REITs.
Global Real Estate Declined Narrowly in March while Outperforming Stocks
The FTSE EPRA Nareit Developed Extended Index declined 1.4% in March and has risen 3.1% on a year-to-date basis as of March 31.
REITs Raised $12.2 Billion in Capital Offerings in 2025: Q1
U.S. REITs raised $12.2 billion from secondary debt and equity offerings in the first quarter of 2025.
Wearing Blinders: Some CRE Appraisals Continue to Ignore Capital Market Realities
During the current lingering public-private real estate valuation dislocation, REIT implied cap rates have reacted to movements in the U.S. 10-year Treasury yield in meaningful ways.
REITs Outperforming Broader Markets in 2025
The FTSE Nareit All Equity REITs Index declined 2.4% in March as broader market equities suffered greater losses, with the Russell 1000 declining 5.8% and the Dow Jones U.S. Total Stock Market falling 5.9%.
REITs Continue to Offer Good Value to Real Estate Investors
The lingering public-private real estate valuation divergence has been disruptive, but it continues to offer potential buying opportunities for investors.
Going, Going, Not Gone: Public-Private Real Estate Valuation Divergence Continues
Although the lingering CRE valuation divergence has been disruptive, it has created opportunities for investors and benefited REITs.
REITs Play Integral Role in Target-Date Funds at Every Stage of Retirement Savings
The growing use of target-date funds (TDFs) remains the dominant investment-related trend in the defined contribution and individual retirement account markets, and REITs continued to be a critical component of TDFs in 2024.
Global Real Estate Outperformed Stocks in February
The FTSE EPRA Nareit Developed Extended Index rose 2.8% in February and was up 4.6% on a year-to-date basis at month-end.