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US regulators see mortgage REITs as source of market vulnerability

Posted on 22 April 2013 by Laxman  |  Email |Print

In the latest sign of Washington’s growing concern with market bubbles US financial regulators are setting their eyes on mortgage real estate investment trust companies as a potential risk to the country’s financial system, the Wall Street Journal reported on Thursday. The Financial Stability Oversight Council is expected to cite mortgage REITs as a point of vulnerability in the real estate market in its annual report next week, according to an inside source quoted by The Journal.
Mortgage REITs (mREITs) are publicly traded companies that borrow funds to invest in real-estate debt. Unlike regular real estate investment trust (firms that invest in physical properties), mREITs buy mortgage securities backed by Fannie Mae and Freddie Mac and offer returns to investors of as much as 15 percent………………………………………..Full Article: Source

Germany: Regulator puts Reits into turmoil

Posted on 22 April 2013 by Laxman  |  Email |Print

The $825bn real estate investment trust industry could be thrown into turmoil by a controversial decision by BaFin, the German financial regulator. BaFin has proposed that German Reits should be regulated as investment funds under the EU’s Alternative Investment Fund Managers Directive, due to come into effect in July.
This would bar many equity funds from investing in Reits, unless they are created as “funds of funds”. It would deter investment from countries such as China, which restricts holdings of foreign funds………………………………………..Full Article: Source

Canadian commercial property market heading into another strong year: CIBC

Posted on 11 April 2013 by Laxman  |  Email |Print

Canada’s commercial real estate sector and REIT investment market appear set to outperform for a fifth-straight year, according to CIBC World Markets Inc. “All of the fundamentals seem to be supporting [the] continuation of [an] extended recovery” from the market lows of 2008, says Allan Kimberley, Vice-Chairman, Real Estate Investment Banking at CIBC.
In a series of notes released today at the bank’s 18th annual real estate conference in Toronto, CIBC says low interest rates, the continued availability of equity and debt, and healthy supply-demand fundamentals have set up Canada’s real estate capital markets for another strong year. These conditions are relatively unchanged from 2012 which saw “record levels of new issuance, total returns exceeding those of the broader S&P/TSX Composite index, a growing list of IPO and M&A activity, against a backdrop of declining volatility,” says Mr. Kimberley. (Press Release)

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REITs expected to generate double-digit returns in 2013

Posted on 07 March 2013 by Laxman  |  Email |Print

Real estate investment trusts made an impressive mark in 2012 and as a result of continuous positive fundamentals as well as low interest rates, REITs are expected to generate double-digit returns this year, according to a research report by RREEF Real Estate, a member of Deutsche Bank Group.
As a result, strengthening income growth as well as expanding dividend payout ratios will provide investors with steady growth over the next three years, the report stated. “This positive momentum in the public markets bodes well for private markets, which typically lag REITs by three to four quarters,” RREEF Real Estate noted………………………………………..Full Article: Source

India: REITs may help solve real estate problem

Posted on 05 March 2013 by Laxman  |  Email |Print

India faces shortage of fresh supply of houses, the Technical Group on the Estimation of Housing Shortage, projects the total shortage of dwelling units in urban areas in 2012 to be 18.78 million, said a report by Knight Frank Research.
The estimated slum population in India is 94.98 million in 2012. As against this, the number of dwelling units sanctioned under JNNURM during a seven-year mission period was 1.6 million. The report further said, by 2031, about 600 million Indians will reside in urban areas, an increase of over 200 million in just 20 years. This change in the socio-economic landscape will have a bearing on several things, housing being the foremost………………………………………..Full Article: Source

India: REIT has potential to address housing challenges: Knight Frank

Posted on 28 February 2013 by Laxman  |  Email |Print

Amid lack of funds for investment in the real estate market and housing shortage being major areas of concern, Real Estate Investment Trust (REIT) has the potential to address these twin challenges faced by the sector, according real estate consultancy firm Knight Frank. A REIT is a company that directly owns income producing real estate assets and provides a trading mechanism to investors.
“REIT has the potential to emerge as an answer to these twin challenges of the real estate sector. One, it can address the housing shortage and second it can enable an individual to participate in real estate investment,” Knight Frank Director (Research) Samantak Das said………………………………………..Full Article: Source

Are global REITs worth a look?

Posted on 26 February 2013 by Laxman  |  Email |Print

The U.S. financial crisis in 2008-2009 left many investors with a reluctance to take investment risks, particularly those related to any of the world’s wilted housing markets. However, as your local real estate agent would likely tell you, the market in one location can be vastly different than it is in another.
Wilson Magee, co-manager of Franklin Global Real Estate Fund would agree that the adage “location, location, location” applies not only to individual home buyers and sellers, but to investors seeking opportunities in the commercial real estate sector, too. While real estate went bust in some areas of the world, it continues to boom in others. For that reason and others, Magee believes global Real Estate Investment Trusts (REITs) are worth a look………………………………………..Full Article: Source

Top 5 best performing investment trusts in 2012

Posted on 18 January 2013 by Laxman  |  Email |Print

These five specialist trusts each returned more than 100% last year, but that doesn’t mean they’re suitable investments for anyone and everyone.
Specialist funds dominated a list of the top-performing investment trusts over the last year. Below is the list of the five top-performing trusts, a short description of each, followed by a word of warning for investors considering these trusts………………………………………….Full Article: Source

Can U.S. REITs repeat in 2013?

Posted on 10 January 2013 by Laxman  |  Email |Print

Looking at the public equity REIT market in the U.S. today, you would be hard put to tell that in 2008 — at the height of the global recession and financial crisis — the market had crashed, and some market analysts questioned whether it could survive.
The market gradually recovered over the 2009–10 period, and in 2011, it returned to robust growth. The total returns of public equity REITs increased more than 8 percent in 2011, compared with about a 2 percent gain for the S&P 500. REITs raised a record $37.5 billion of equity last year — the most since the $32.7 billion of 1997……………………………………….Full Article: Source

European REIT portfolio down 2.1pct

Posted on 08 January 2013 by Laxman  |  Email |Print

The value of European Real Estate Investment Trust property portfolio stood at €292.5m at the end of December - a decrease of 2.1% from the end of June.The company said the completion of asset management initiatives, notably in Kaiserslautern, had partly offset market declines.
But it said the polarisation of investor demand on prime assets and the lack of debt financing for secondary properties continues to have a negative effect on the value of the portfolio, particularly in weaker markets such as Spain. The valuations are provided by the independent valuer (CBRE) in accordance with the Royal Institution of Chartered Surveyors appraisal and valuation standards………………………………………..Full Article: Source

REITs gained in 2012 on economy, housing

Posted on 02 January 2013 by Laxman  |  Email |Print

Bolstered by a strengthening economy and improving housing market, real-estate stocks capped off 2012 with robust returns that outpaced the broader stock market.
The Dow Jones Equity All REIT Index, which tracks 136 real-estate investment trusts, delivered a total return of nearly 20% for 2012, more than double the 7.5% gains in 2011 and the fourth consecutive year that REITs outperformed the Standard & Poor’s 500 stock index, which gained 16% in 2012. The Dow Jones Industrial Average also lagged behind REITs, posting a total return just over 10%………………………………………..Full Article: Source

UK: Focused real estate funds outperform

Posted on 13 December 2012 by Laxman  |  Email |Print

Analysis from BDO, the accountancy group, has shown that the best real estate investment trusts (REITs) in the UK are region or sector specific, but size has no bearing on performance.
The survey found that four of the top five REITs had a narrow geographic focus, while seven of the best ten had a specific sector or geographic emphasis. The study found no correlation between a REIT’s market capitalisation and its results. ‘Despite challenging real estate markets and the backdrop of uncertain economic conditions, the majority of UK REITs continue to perform well,’ commented Tracy Dossett, tax director within the real estate and construction sector at BDO………………………………………..Full Article: Source

Canada: Demand for REITs insatiable as investors chase higher returns

Posted on 07 December 2012 by Laxman  |  Email |Print

Brent Foster/National Post Investment bankers have struggled to bring enough product to market for investors who have driven the Bloomberg Canadian REIT index to a record high in 2012 with an almost 75% total return over the last three years which compares with about a 4% return for the TSX Composite Index during the same period.
The best year on record for Canadian publicly-traded real estate just keeps getting better, driven by an insatiable demand from investors for a decent return………………………………………..Full Article: Source

Turkish property market goes from strength to strength

Posted on 29 November 2012 by Laxman  |  Email |Print

The Turkish property market continues to go from strength to strength and its plans for future growth are even more ambitious. GYODER is the country’s Association of Real Estate Investment Trusts. The association issues a monthly index of new home prices in the country, which has shown double digit annualised growth month-in-month-out for over 2 years.
The latest index is no exception, with new home prices up 0.73% on the month and 10.25% on the year in October according to the report. This follows September’s performance of 0.32% month on month growth and 12.23% growth on the year, and Augusts’ of 0.32% and 11.78% respectively………………………………………..Full Article: Source

Asian REITs a better bet than stocks, says report

Posted on 21 November 2012 by Laxman  |  Email |Print

Asian real estate investment trusts (reits) should be an essential component in a retail investor’s portfolio, says a report by the Asia Pacific Real Estate Association (APREA).
The region’s reits provide investors with a liquid and high-quality real estate investment opportunity to access the dynamics of the Asian real estate markets in listed real estate investment products, the report noted……………………………………….Full Article: Source

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Australia: Property ready for take-off

Posted on 16 November 2012 by Laxman  |  Email |Print

The Australian real estate investment trust (A-REIT) and property markets have been subdued following the turmoil of the global financial crisis (GFC) as players concentrate on keeping their heads above water and businesses in profit.
But the drivers that saw Australian businesses step back from the market and make room for international players to enter have begun to fizzle out. The industry is now on the cusp of change and the role of advisers will be instrumental in shaping the next move………………………………………..Full Article: Source

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U.S. high-yield REITs: A bet on U.S. recovery

Posted on 07 November 2012 by Laxman  |  Email |Print

In the current economic cycle, the U.S. REITs sector may be well positioned to hold its ground amid continuing volatility. Today’s screen looks at 22 U.S. real estate investment trusts that could appeal to investors looking for income, and also for those who want to position themselves as the U.S. recovery picks up steam.
My colleague Sean Pugliese and I ranked these REITs in order of their 2013 consensus distribution estimates, from highest to lowest. All companies have a yield of 5 per cent or more, and all companies have a market capitalization of $1-billion (U.S.) or more………………………………………..Full Article: Source

Asian REIT market poised for significant growth, says APREA

Posted on 01 November 2012 by Laxman  |  Email |Print

The potential for further growth in the Asian REIT (Real Estate Investment Trust) market is significant as it should continue to benefit from powerful cyclical and long-term trends that should drive future growth.
Asia Pacific Real Estate Association (APREA) chief executive officer Peter Mitchell said the REIT structure continues to be a fundamental driver of the securitisation of real estate holdings around the globe. “It has proved remarkably resilient in the face of the global financial crisis, particularly in Asia………………………………………..Full Article: Source

Singapore REIT market on the rise, but risks remain

Posted on 30 October 2012 by Laxman  |  Email |Print

The Singapore real estate investment trust (REIT) market is up about 40 per cent this year — double the returns in major REIT markets like the US and Japan. While returns and yield spreads on Singapore REITs may be the best in the world, some analysts said the market could become over-invested.
In 2002, CapitaMall Trust became the first Singapore-listed REIT. A decade on, there are over 20 REITs across the commercial, industrial, hotel and healthcare property sectors. Low interest rates on bank deposits have helped to keep investor interest high in REITs and other stapled securities………………………………………..Full Article: Source

AREITs resume property investment

Posted on 07 September 2012 by Laxman  |  Email |Print

International investors of Australian property face tough competition as Australian real estate investment trusts (AREITs) resume purchasing in the local property market. “AREITs are closing the gap to net tangible asset (NTA), if they haven’t already, so they are starting to be net buyers of property again,” The Trust Company general manager of corporate clients Andrew Cannane said.
“So I expect that it will be relatively more difficult for foreign investors to compete for property acquisitions against the re-emerging Australian super funds and AREITs looking to finally add to their portfolios.”……………………………………….Full Article: Source

US: REITs still offer shelter from the storm

Posted on 06 September 2012 by Laxman  |  Email |Print

Favorable industry fundamentals, strong balance sheets and a stabilizing US economy have combined to make real estate an attractive asset for investors, whose portfolios should continue to benefit for some time.
Publicly traded U.S. REITS, fully known as real estate investment trusts, — with combined market capitalization of more than $500 billion — have outperformed the broader stock-market , although investors would be wise to choose holdings based on sectors, geographic markets and company quality……………………………………..Full Article: Source

Singapore realty investment trusts are best performing

Posted on 06 September 2012 by Laxman  |  Email |Print

Singapore’s real estate investment trusts (REIT), the best performing in the world this year, are luring investors after a shopping spree for properties across Asia gives them a broader stream of rental income.
Singapore’s $38 billion REIT market has returned an average 37 per cent in 2012, twice the gains in the US, UK and Japan, according to data compiled by Bloomberg. Australia, the largest REIT market in the Asia-Pacific region with $86 billion, advanced 24 per cent……………………………………..Full Article: Source

For real estate investors, time to scout new locations

Posted on 05 September 2012 by Laxman  |  Email |Print

With the real estate recovery finally looking real, some investors are jumping into red-hot real estate investment trusts (REITs) to get more property into their portfolios. But there may be better places to locate if housing continues on its present path to recovery after five miserable years.
Optimism grew last week as U.S. home prices rose a fourth month in a row and sales volume increased, both gaining about 10 percent compared to a year earlier. Perhaps more important, the number of foreclosure-forced sales is down by more than 20 percent from last July…………………………………….Full Article: Source

REITs coming to market even if nobody else is

Posted on 30 August 2012 by Laxman  |  Email |Print

If Canada’s IPO market is in the doldrums, the REIT sector doesn’t know anything about it. Nor do the small band of lawyers practising in the area.
On Aug. 8, HealthLease Properties Real Estate Investment Trust rang the opening bell on the TSX to signal the launch of Canada’s largest IPO this year. The IPO was also Canada’s first “pure play” REIT in the seniors housing sector………………………………………..Full Article: Source

REITs set to change the face of Thailand’s property market

Posted on 15 August 2012 by Laxman  |  Email |Print

The face of the real estate market in Thailand is set to change with the introduction of real estate investment trusts (REITs) like those seen in other regional countries according to a publication from the Oxford Business Group (OBG).
Whilst the Western world is full of economic woe at the moment, the Eastern world is thriving and analysts are expecting an influx of development in the country when the REITs launch………………………………………..Full Article: Source

REITs to boost Thailand’s property sector

Posted on 08 August 2012 by Laxman  |  Email |Print

A new investment stream is set to pour into Thailand’s property sector with the upcoming release of real estate investment trusts (REITs), bringing the country into line with many of its regional neighbours. Details are still unclear, however, on when exactly investors will be able to take advantage of the new tool.
Nevertheless, analysts are anticipating a development surge in the market when REITs launch. Nukarn Suwanikul, associate director for investment at Colliers International Thailand, said she believes the introduction of REITs will be a game changer for the real estate sector………………………………………..Full Article: Source

South Africa: REITs to boost SA property investment

Posted on 02 August 2012 by Laxman  |  Email |Print

The new Real Estate Investment Trust (REIT) structure, scheduled to become available to the South African property sector in early 2013, will both benefit local property structures and increase foreign investment opportunities, according to consultancy Grant Thornton.
The adoption of the REIT structure, which is recognised in most key property markets internationally, will revive South Africa’s current systems, which are dated and often tedious, through the introduction of a scheme that has been tried and tested internationally, Grant Thornton said last week………………………………………..Full Article: Source

Cooling real estate market bad news for REITs

Posted on 06 July 2012 by Laxman  |  Email |Print

There has been much talk about the impact that a slowing real estate market could have on Canada’s banks. But less attention has been paid to the impact that it might have on the REITs. That’s a mistake, BMO analyst Tom MacKinnon suggests in a note to clients.
For one thing, while he agrees that a slowdown is a worry for banks, given their massive mortgage portfolios, in the longer term he thinks it might not be such a bad thing. “A slowdown in the domestic real estate market is good for long-term growth of Canadian banks as it should help Canadians reduce debt,” he argues………………………………………..Full Article: Source

Investors downshift on real-estate stocks

Posted on 03 July 2012 by Laxman  |  Email |Print

Real-estate stocks that were hot at the start of the year lost some steam during the spring, an indication of growing volatility in property stocks.
The Dow Jones All REIT Equity Index, which tracks the stocks of 133 real-estate investment trusts, delivered a total return of 4% in the second quarter. That was down sharply from a total return of 10.5% in the first quarter and 15% in the fourth quarter of last year………………………………………..Full Article: Source

REITs may be a good way to profit from a housing recovery

Posted on 29 June 2012 by Laxman  |  Email |Print

Buying a house is the most familiar way that most investors or consumers have of buying real estate. But it’s far from the only way, and in many ways, can be more of a hassle than it’s worth. There are alternatives for investors who want a piece of real estate, without getting late-night calls to fix tenants’ clogged sinks.
Whether the real estate market is actually mending is a matter of debate. Some investors were enthused by data this week from the S&P/Case-Shiller Home Price index and see signs of bottoming………………………………………..Full Article: Source

Positive outlook for Malaysia’s real estate investment trusts

Posted on 26 June 2012 by Laxman  |  Email |Print

The outlook for Malaysia’s real estate investment trusts (M-REITs) continues to be positive, with plenty of room for further growth, according to speakers at the two-day REITs conference at Hotel Istana.
Sunway REIT Management Sdn Bhd chief executive officer Datuk Jeffrey Ng said M-REITs were considered to be at the “infancy stage.” He pointed out that the market capitalisation of M-REITs was expected to rise 30% to around RM20bil this year, from RM15bil in 2011………………………………………..Full Article: Source

Europe’s top Reit?

Posted on 19 June 2012 by Laxman  |  Email |Print

Land Securities and British Land - the two biggest property companies on the London stock exchange - should merge. This is not a new idea. But with returns from even the shiniest offices and jazziest shopping centres now shrinking as property values slide, it is overdue another airing.
I am sometimes asked which company I prefer. One can draw distinctions: British Land has a higher yield, more shops and an ex-banker in the top job; Land Securities is less geared, more development-focused and run by a chartered surveyor………………………………………..Full Article: Source

Most nontraded REITs underperform market

Posted on 11 June 2012 by Laxman  |  Email |Print

Measured after a sale of assets, a merger or an IPO, nontraded REITs over the past two decades consistently have underperformed the broad market of real estate investing, according to a new study.
Comparing 17 “full-cycle” nontraded real estate investment trusts with two customized benchmarks, the study found that just five such REITs outperformed each of those market indexes. That means 71% of the REITs included in the study underperformed the study’s customized benchmark, in large part due to fees……………………………………….Full Article: Source

Real-estate related stocks still have “for sale” sign

Posted on 08 June 2012 by Laxman  |  Email |Print

The real-estate investment trust sector has suffered a significant loss of momentum. The correction appears to have been driven by the broader market, as opposed to something specific to the REIT sector.
Nevertheless, there appears to be additional downside risk for the DJ Real Estate iShares because they penetrated support near $60 at the same time the weekly moving average convergence/divergence (MACD) indicator flipped to a “sell” signal………………………………………..Full Article: Source

S&P report looks at credit quality in European real estate

Posted on 07 June 2012 by Laxman  |  Email |Print

Strong portfolios and benign funding conditions in the relatively low-geared segment of European real estate make for a stable ratings outlook among rated real estate investment trusts (REITs) and developers in the region.
What’s more, these factors should support the creditworthiness of issuers in this industry through 2012, says a report published earlier today titled “Rising Debt Costs And Investment Pipeline Uncertainties Threaten Stability Of European Real Estate Sector.”……………………………………….Full Article: Source

Global REIT ETF revolution?

Posted on 18 May 2012 by Laxman  |  Email |Print

Global real estate ETFs, for whatever reason, haven’t seen the innovation of their domestic counterparts. This has left the door of opportunity wide open – a door Thomson Reuters and Global Property Research are hoping to walk into.
Branded as the first “Highly liquid, investable real estate indices for the ETF” market, the index series includes a broad global index as well as regional indexes focused on Europe, Asia Pacific, the Americas and EMEA (Europe Middle East and Africa). The liquidity claim is based on the fund’s aggressive liquidity screen which requires that a stock trade more than $3 million a day………………………………………..Full Article: Source

U.K. pushes ’social’ housing REIT plan

Posted on 09 May 2012 by Laxman  |  Email |Print

Facing a dearth of new-home construction, the U.K. real-estate industry and government are looking at ways to encourage the formation of new real-estate investment trusts that would focus on subsidized housing.
In 2011, there were five million units of so-called “social” housing in the U.K., with more than half owned by housing associations that are structured as charities. They charge below-market rents, receive subsidies and pump any extra cash they make back into housing………………………………………..Full Article: Source

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Canadian real estate trusts surge near five-year high

Posted on 25 April 2012 by Laxman  |  Email |Print

Canadian real estate investment trusts have rallied to the highest levels in five years as rising occupancy and investor demand for yield outweigh concern the Bank of Canada will raise interest rates to cool the market.
The S&P/TSX Capped REIT Index has climbed to within 0.2 percentage point of a March 13 peak of 162.75, the highest level since July 2007, fueled by dividend yields almost twice the average for the Standard & Poor’s/TSX Composite Index. The gauge has gained 6.3 percent this year, beating the 0.3 percent increase in the broader index………………………………………..Full Article: Source

Why big investors are eyeing real estate investment trusts

Posted on 25 April 2012 by Laxman  |  Email |Print

Canadian REITs are no longer just reliable income plays. They’re becoming takeover targets – with juicy premiums being paid in several recent cases.

The latest acquisition among real estate investment trusts came last week when Northwest Value Partners Inc. paid a 61 per cent premium to acquire GT Canadian Medical Properties REIT………………………………………..Full Article: Source

Cheap REITs may pay big dividends later

Posted on 20 April 2012 by Laxman  |  Email |Print

Many investors have included public and private REITs (Real Estate Investment Trusts) as part of their diversification strategy. This has richly rewarded them, as REITs have handily beaten the S&P 500 by over 60 percent over the past three years.
With this tremendous growth in certain REIT sectors, it has become harder and harder to find discounted commercial REITs that offer significant future growth potential………………………………………..Full Article: Source

Small REITs put up a big first quarter

Posted on 05 April 2012 by Laxman  |  Email |Print

Investors piled into the stocks of small real-estate companies during the first quarter, an indication that the improving economy is encouraging investors to take on more risk.
Overall, the performance of real-estate investment trusts was weaker in the just-ended quarter compared with the previous quarter. The Dow Jones All REIT index posted a total return of 10.48% in the first quarter, down sharply from the fourth quarter’s return of 15%………………………………………..Full Article: Source

Property: Bargain hunters eye European opportunities

Posted on 30 March 2012 by Laxman  |  Email |Print

The growing value in European property was underlined after the biggest US real estate investment trust (Reit), Simon Property Group, completed its acquisition of a 28.7% stake in Klépierre, a French property company, for an estimated $2 billion (£1.2 billion).
Simon Property paid a 20% premium for the equity from the French bank BNP Paribas, which owned around a quarter of the Paris-based Reit………………………………………..Full Article: Source

Mexican real estate investment trust upbeat on prospects

Posted on 28 March 2012 by Laxman  |  Email |Print

Mexico’s lone real estate investment trust is optimistic about prospects for growth in the sector, and could soon face competition for investors as at least one other trust lines up to list on the local stock exchange, officials said Tuesday.
Fibra Uno, which a year ago became the first real estate trust–”fibra” by its Spanish acronym–on the local market, last week conducted a follow-up primary offering of certificates for 8.9 billion pesos ($700 million) in a local and international placement………………………………………..Full Article: Source

REITs: Is housing seeing a recovery?

Posted on 21 March 2012 by Laxman  |  Email |Print

David CroweThe National Association of Home Builders/Wells Fargo housing market index closed at a level of 28 today, which is the highest level since June of 2007 other than last month’s downward revision from 29, according to Steve Goldstein of MarketWatch.
Though the index implies positive sentiment, economists polled by MarketWatch expected the level to be at 29. Economists at Goldman Sachs said, “Overall the report was only a minor disappointment, and the level of the index remains consistent with steady improvement in the single-family housing market, in our view.”……………………………………….Full Article: Source

Industry leaders urge UK government to introduce debt REITs

Posted on 21 March 2012 by Laxman  |  Email |Print

Real estate industry leaders in the UK are calling on the government to introduce mortgage REITs as a way of making the property debt market more liquid and freeing up banks to lend. The calls come ahead of the presentation of the 2012 UK budget on Wednesday.
Phil Nicklin, real estate tax partner at Deloitte and an adviser to the government on REITs since they were introduced in 2007, believes there is a good chance that a consultation document could be published in the UK budget on the introduction of mortgage REITs………………………………………..Full Article: Source

European REITs may become takeover targets on low valuations

Posted on 19 March 2012 by Laxman  |  Email |Print

European real estate investment trusts have become likely takeover targets after share prices failed to keep pace with asset values, JPMorgan Chase & Co. said.
Companies that may attract bids include the U.K.’s Hammerson Plc (HMSO), Big Yellow Group Plc (BYG), Helical Bar Plc (HLCL), Metric Property Investments Plc and Workspace Group Plc and Amsterdam- based Eurocommercial Properties NV (ECMPA), analyst Harm Meijer said in a note to investors………………………………………..Full Article: Source

Industry backs calls on UK government for UK debt REITs

Posted on 19 March 2012 by Laxman  |  Email |Print

Senior industry figures have encouraged the UK Government to announce a consultation on the introduction of mortgage REITs in Wednesday’s Budget.
Robert Fourt, Partner and Head of Investment Research at Gerald Eve said: “Given the debt mountain that still persists in the UK and is coming to a peak in the next few years, the introduction of mortgage REITs would be a very welcome friend to the property sector in the UK………………………………………..Full Article: Source

Investing in commercial real estate via REITs

Posted on 14 March 2012 by Laxman  |  Email |Print

One way to get into commercial real estate is via real estate investment trusts, Green Street Advisors’ Mike Kirby said Tuesday.
“The long-term outlook is still very good, and I think the basic point is that most people probably have too little exposure to commercial real estate as an asset class,” he said on “Fast Money.” Kirby named three favorites………………………………………..Full Article: Source

Housing shortage makes winners out of apartment REITs

Posted on 13 March 2012 by Laxman  |  Email |Print

The U.S. housing crisis has thrown the market for single-family homes into disarray, with millions of foreclosures and a weak economy hampering stifling demand and boosting supply. While much of the focus is on that segment of the housing market, the apartment space is almost the complete opposite.
Demand is strong and supply weak, with the National Association of Real Estate Investment Trusts reporting a shortage of 2.5 million rental units………………………………………..Full Article: Source

Simon buys BNP Paribas stake in Klépierre for EUR 1.5bln

Posted on 09 March 2012 by Laxman  |  Email |Print

Simon Property Group (SPG) has acquired a 28.7% stake in French retail REIT Klépierre from BNP Paribas for EUR 28 per share, or a total transaction value of around EUR 1.5 bn.
The deal is expected to close next week, SPG said on Thursday. The US company, which is the largest owner of American malls and outlet centres, has no current intention to acquire additional shares in Klépierre………………………………………..Full Article: Source

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