REITs Dip in April; Fundamentals Remain Firm

May 03, 2016 ·

REITs dipped slightly in April, but the industry continued to outpace the broader market on a year-to-date basis.

The total returns of the FTSE/NAREIT All REIT Index fell 1.7 percent in April, while the S&P 500 Index added 0.4 percent. Through the end of April, the total returns of the FTSE/NAREIT All REIT Index were 4.1 percent, while the S&P 500 Index was 1.7 percent higher. The yield on the 10-year Treasury note was 0.5 percent lower during the first four months of the year.

Retail REIT Ramco-Gershenson Increasing Anchors to Boost Asset Values

April 29, 2016 ·

As Ramco-Gershenson Properties Trust (NYSE:RPT) nears its 20th anniversary as a publicly traded REIT in May, the shopping center owner continues to grow value by densifying and upgrading its portfolio.

The company has spent the last five years culling assets and making strategic acquisitions. It has cut its property holdings in the process from 90 centers in 2010 to 72 today. In that time, the value of its assets has more than doubled, according to Dennis Gershenson, president and CEO.

Office REITs Cousins, Parkway Properties Agree to Merge

April 29, 2016 ·

Cousins Properties Inc. (NYSE: CUZ) and Parkway Properties, Inc. (NYSE: PKY) said April 29 that they have agreed to a stock-for-stock merger valued at approximately $1.95 billion. The transaction also involves the spinoff of the Houston-based assets of both companies into a new publicly traded REIT.