REITs and global property investment
Below you'll find a collection of global REITs and property information from a range
of expert and specialist sources.
Please note: The documents in this library have been provided by Reita members and other external
sources. Reita takes no responsibility for the accuracy or timeliness of the information. Investors
should not rely solely on this information and should seek financial advice. Please read our
important information.
REITs and global property investment
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Global REITs Report 2008 (pdf, 2.60MB) Source: Ernst & Young, October 2008 "Inevitably the results of the third annual Global Real Estate Investment Trust (REIT) Report are framed by the crash in global securities post October 2007. However, in some regions, the underlying fundamentals are still robust and property remains a vital asset class..." This comprehensive report gives a full analysis of the global REITs market as at June 2008. |
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Risk & Manage - Newsletter of the Property Derivative Market November 2008 (pdf, 865KB) Source: TFS Brokers, Nov 08 This month's newsletter covers the latest forecasts for commercial property returns and house prices with feature focusing on Spain, the US property markets and an Asian Pacific review. |
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EPRA News - issue 27 (pdf, 5.19MB) Source: EPRA, Nov 2008 This edition includes features on global property securities funds and a behind the scenes look at index management, as well as a market look at the new asset management survey, and more. |
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EPRA/FTSE/NAREIT monthly global market review - August 2008 (pdf, 184KB) Source: EPRA, August 2008 A round up of activity on the FTSE EPRA/NAREIT global real estate index which added 3.8% in August. |
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EPRA/FTSE/NAREIT monthly global market review - August 2008 (pdf, 184KB) Source: EPRA, August 2008 A round up of activity on the FTSE EPRA/NAREIT global real estate index which added 3.8% in August. |
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Risk & Manage - Newsletter of the Property Derivative Market September 08 (pdf, 825KB) Source: TFS Brokers, Sep 08 This month's newsletter covers the latest forecasts for commercial property returns and house prices, discusses the potential for property futures and includes other features from mainland Europe, US, Asia Pacific and the UK. |
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EPRA European REITs and cross border investment discussion paper (pdf, 147KB) Source: EPRA, Sep 2008 In this discussion paper, the European Public Real Estate Association (EPRA) - as the representative voice for the listed real estate sector in Europethe - considers whether the REIT concept can be usefully widened to all countries within the European Community, and to what extent the 27 European Member States could benefit from a common framework for REITs. |
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EPRA/FTSE/NAREIT monthly global market review - July 2008 (pdf, 181KB) Source: EPRA, July 2008 A round up of activity on the FTSE EPRA/NAREIT global real estate index which was up 1.8% in July. |
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Risk & Manage - Newsletter of the Property Derivative Market August 08 (pdf, 721KB) Source: TFS Brokers, Aug 08 This month's newsletter covers the new Morgan Stanley Property Index, the first Spanish property derivative, an interview with Santander’s Andrew Fenlon, commercial property forecasts and house prices, plus property features from Europe, US & Asia Pacific. |
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EPRA News - issue 26 (pdf, 5.18MB) Source: EPRA, July 2008 This edition includes features on the crunch refunding challenge, a look at advancing Asian real estate, sustainability and the upbeat views of entrepreneur Sam Zell. Plus EPRA's emerging markets index, an update on their correlations study and more. |
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Risk & Manage - Newsletter of the Property Derivative Market July 08 (pdf, 754KB) Source: TFS Brokers, Jul 08 This month's newsletter covers Russian investor potential in UK property derivatives, commercial property forecasts and house prices, plus property features from Europe, US & Asia Pacific. |
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EPRA/FTSE/NAREIT monthly global market review - June 2008 (pdf, 171KB) Source: EPRA, June 2008 A round up of activity on the FTSE EPRA/NAREIT global real estate index for June 08 - which was hit hard (-13%) in June, driven down by heavy losses in all three regions. |
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IPF report on the implications for the strategic development of UK REITs from the experience of LPTs in Australia (pdf, 1KB) Source: Investment Property Forum, Jun 08 This report reviews the development of LPTs in Australia, looking at operation, performance, investor support and recent LPT initiatives. It identifies factors that may have implications for the future strategic development of UK REITs, and strategies to support their ongoing successful development. |
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Risk & Manage - Newsletter of the Property Derivative Market June 08 (pdf, 1.4MB) Source: TFS Brokers, Jun 08 This month's newsletter covers commercial property return forecasts, the future for house prices and news of the Canadian property derivative market’s first ever trade. |
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EPRA/FTSE/NAREIT monthly global market review - May 2008 (pdf, 266KB) Source: EPRA, May 2008 A round up of activity on the FTSE EPRA/NAREIT global real estate index for May 08 - which fell 2.3% in May, driven down by Asia Pacific and Europe. |
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Global property securities research - May 2008 (pdf, 126KB) Source: AME Capital, May 2008 Summary performance figures for the global property securities market, including market competition, monthly and 12 months' performance and REITs performance. |
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Real estate securities funds - May 2008 (pdf, 447KB) Source: AME Capital, May 2008 Summary monthly research report, including news, performance by mandate, best performing funds and performance analysis by Assets Under Management. |
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EPRA/FTSE/NAREIT monthly global market review - April 2008 (pdf, 183KB) Source: EPRA, April 2008 A round up of activity on the FTSE EPRA/NAREIT global real estate index for April 2008 - which rallied 8.1% driven by North America and Asia Pacific |
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Global property securities research - April 2008 (pdf, 124KB) Source: AME Capital, Apr 2008 Summary performance figures for the global property securities market, including market competition, monthly and 12 months' performance and REITs performance. |
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Real estate securities funds - April 2008 (pdf, 457KB) Source: AME Capital, Apr 2008 Summary monthly research report, including news, performance by mandate, best performing funds and performance analysis by Assets Under Management. |
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Global property securities research - March 2008 (pdf, 121KB) Source: AME Capital, Mar 2008 Summary performance figures for the global property securities market, including market competition, monthly and 12 months' performance and REITs performance. |
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Real estate securities funds - March 2008 (pdf, 459KB) Source: AME Capital, Mar 2008 Summary monthly research report, including news, performance by mandate, best performing funds and performance analysis by Assets Under Management. |
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EPRA news - issue 25 (pdf, 3.64MB) Source: EPRA, March 2008 This edition of EPRA's insightful newsletter asks whether the worst is over for European listed property, and whether it's getting noticed? The Market Focus considers emerging markets, stable, high-performance diversifiers and asks whether we've reached the volatility turning point, and more... |
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EPRA/FTSE/NAREIT monthly global market review - February 2008 (pdf, 183KB) Source: EPRA, February 2008 A round up of activity on the FTSE EPRA/NAREIT global real estate index for February 2008 - which fell again (-4.2%) |
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Real estate securities funds - February 2008 (pdf, 459KB) Source: AME Capital, Feb 2008 Summary monthly research report, including news, performance by mandate, best performing funds and performance analysis by Assets Under Management. |
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Global property securities research - February 2008 (pdf, 121KB) Source: AME Capital, Feb 2008 Summary performance figures for the global property securities market, including market competition, monthly and 12 months' performance and REITs performance. |
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EPRA/FTSE/NAREIT monthly global market review - January 2008 (pdf, 183KB) Source: EPRA, January 2008 A round up of activity on the FTSE EPRA/NAREIT global real estate index for January 2008 - which fell again (-5.5%) |
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Global property securities research - January 2008 (pdf, 119KB) Source: AME Capital, Jan 2008 Summary performance figures for the global property securities market, including market competition, monthly and 12 months' performance and REITs performance. |
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Real estate securities funds - January 2008 (pdf, 404KB) Source: AME Capital, Jan 2008 Summary monthly research report, including news, performance by mandate, best performing funds and performance analysis by Assets Under Management. |
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EPRA monthly global market review - December 2007 (pdf, 175KB) Source: EPRA, December 2007 A round up of activity on the FTSE EPRA/NAREIT global real estate index for December 2007 - which fell again (-4.8%). |
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EPRA news - issue 24 (pdf, 6.77MB) Source: EPRA, December 2007 This newsletter from the European Public Real Estate Association contains 56 pages of news, features and market focus. Includes a report on German REITs, emerging markets and risk/reward trends. |
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Global property securities summary performance figures - December 2007 (pdf, 131KB) Source: AME Capital, Dec 2007 A global REITs performance document from specialist research providers AME Capital. Includes data on markets composition, property securities performance, REITs performance and Property Securities Funds. |
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EPRA monthly global market review - November 2007 (pdf, 163KB) Source: EPRA, November 2007 A round up of activity on the FTSE EPRA/NAREIT global real estate index for November 2007 - which fell heavily (-9%) in November after holding up for the previous three months. |
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Global property securities summary performance figures - November 2007 (pdf, 132KB) Source: AME Capital, Nov 2007 A global REITs performance document from specialist research providers AME Capital. Includes data on markets composition, property securities performance, REITs performance and Property Securities Funds. |
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EPRA monthly global market review - October 2007 (pdf, 162KB) Source: EPRA,October 2007 A round up of activity on the FTSE EPRA/NAREIT global real estate index for October 2007. Covers Asia, Europe and North American geographical sectors, with the overall index adding 80bps, further recovering ground lost mid-year. |
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Global REITs Report & Market Review 2007 (pdf, 2.60MB) Source: Ernst & Young, October 2007 Comprehensive report analysing global REIT performance, including the UK and Turkey (2007 entrants). The report indicates that REITs continue to be investment vehicles of choice and to shape economies. It includes local commentary from experts in various countries about the influence of REITs in those markets. |
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Global REITs Map (pdf, 4.53MB) Source: Ernst & Young, Oct 2007 Excellent world map which clearly shows the different status of REIT legislation across various global locations. |
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EPRA news - issue 23 (pdf, 4.81MB) Source: EPRA, October 2007 This newsletter from the European Public Real Estate Association contains 56 pages of news, features, market focus and reference material looking at European and global issues and opportunities in the REITs and property investment markets. |
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Global property securities summary performance figures - October 2007 (pdf, 132KB) Source: AME Capital, Oct 2007 A global REITs performance document from specialist research providers AME Capital. Includes data on markets composition, property securities performance, REITs performance and Property Securities Funds. |
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EPRA monthly global market review - September 2007 (pdf, 170KB) Source: EPRA, September 2007 A round up of activity on the FTSE EPRA/NAREIT global real estate index for September 2007. Covers Asia, Europe and North American geographical sectors, with the overall index adding 1.6%, further recovering ground on the back of a number of poor months. |
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Global property securities summary performance figures September 2007 (pdf, 124KB) Source: AME Capital, Sep 2007 This report gives an overview of global securities performance for September 07, and the the 12 preceding months, plus performance summaries for REITs and property security funds. From AME Capital, specialist providers of research services in the real estate sector. |
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Asian REIT market overview June 07 (pdf, 144KB) Source: AME Capital, June 2007 This report gives an overview of the Asian and global REIT market with a special focus on Japan, Singapore, Hong Kong, Taiwan, Malaysia, South Korea and Thailand. From AME Capital, specialist providers of research services in the real estate sector. |
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EPRA monthly global market review (pdf, 161KB) Source: EPRA, August 2007 A round up of activity on the FTSE EPRA/NAREIT global real estate index for August 2007. Covers Asia, Europe and North American geographical sectors, with the overall index adding 3.3%, recovering ground on the back of a number of poor months. |
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EPRA global REIT survey (pdf, 4.52MB) Source: EPRA, August 2007 This comprehensive comparison of the major REIT regimes in the world is an update on EPRA's 2004 study. Since the previous report the UK and Germany have launched their REITs and listed property has firmly established itself as an individual asset class. |
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Risk & Manage - Newsletter of the Property Derivative Market August 07 (pdf, 819KB) Source: TFS Brokers, Aug 07 This month's newsletter reports on trading of the first-ever Japanese property derivative, the derivative based property return forecast, a monthly round up the market and more. |
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EPRA news - issue 22 (pdf, 5.17MB) Source: EPRA, Jun 2007 This newsletter from the European Public Real Estate Association contains 44 pages of news, features, market focus and reference material looking at European and global issues and opportunities in the REITs and property investment markets. |
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SWIP Property guide (pdf, 5.69MB) Source: SWIP, 2007 This SWIP document, published in association with Citywire, covers two main topics: whether the investment case for property is still attractive and how REITs differ from existing funds available in the UK. |
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European REIT summary (pdf, 206KB) Source: EPRA, June 2007 This leaflet contains a brief comparison of the US, Dutch, UK, French and German REIT regimes, focusing on the main characteristics. Contains a useful comparison table. |
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Study of correlation of property stocks with other asset classes (pdf, 2.22MB) Source: EPRA, May 2007 Of particular interest to advisers or investors wanting to examine the diversification benefits of property stocks - this extensive study looks at correlations of property stocks against three classical asset classes (equities, bonds and money) and five alternative asset classes (including direct real estate, emerging market stocks, hedge funds, private equities and commodities). |
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Global REIT market (pdf, 142KB) Source: AME Capital, May 2007 Presentation for IPD European Property Investment Conference, Geneva, May 2007. It covers Global REITs in context; the global REIT universe measured by value, liquidity, country and number of companies; different types of REIT market, 12 month performance and valuation metrics. |
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Global property securities - April 2007 (pdf, 98KB) Source: AME Capital, Apr 2007 Summary version of AME Capital's full monthly global property securities report. |
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Global property securities funds report - April 2007 (pdf, 159KB) Source: AME Capital and EPRA, Apr 2007 This jointly produced paper reports on 153 global real estate funds, with analysis of funds strategy, fund domicile and currency and fund size. |
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Global REIT research - February 2007 (pdf, 96.6KB) Source: AME Capital, Feb 2007 A global REITs performance document from AME Capital, specialist providers of research services in the real estate sector. It covers returns and composition of the global REITs market for February 2007, IPO activity, the AME capital indices, property securities funds and unlisted investment vehicles. |
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Global real estate securities research - February 2007 (pdf, 246KB) Source: AME Capital, Feb 2007 A document from AME Capital, specialist providers of research services in the real estate sector. It covers returns and composition of the global real estate securities market for February 2007, IPO activity, the AME capital indices and property securities funds. |
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Global REIT report - Q4 2006 (pdf, 167KB) Source: AME Capital, Dec 2006 The final quarterly REITs report for 2006 from information specialists AME Capital. Includes updates on the global REIT universe, performance data, best performers, new issues and valuation metrics. |
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Performance and diversification benefits of European public real estate securities (pdf, 1.15MB) Source: EPRA, Sep 2006 This report investigates the potential benefits from including public real estate assets in a mixed-asset portfolio. It includes a study of data relating to the diversification benefits and associated characteristics with real estate in the period 1990 to June 2006. |
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Progress on REITs regimes in Europe (pdf, 653KB) Source: EPRA, Sep 2006 This report briefly sets out recent major and expected developments in existing REIT regimes in Europe, focusing on crucial legal and regulatory issues and the latest news. It also includes a brief explanation of the impact of European law on REIT regimes. |
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Diversification benefits of Global Property Securities (pdf, 117KB) Source: Schroders, August 2006 NB: For professional advisers only With plenty of debate about the role of GPS in an investors' portfolio, there are concerns surrounding the volatility of returns versus direct property, and the perception that GPS provides equitylike returns, not property returns. In this document, Schroders address this by examining the correlations of GPS versus other asset classes. |
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Credit Q&A on UK and (other European) REITs (pdf, 127KB) Source: Moody's Investors Service, Nov 2006 As the launch of REITs approaches, there’s a strong interest in evaluating the potential impact of REITs on the UK and (more broadly) the European property sector. This Special Comment presents Moody’s Investor Service’s views on frequently raised issues and their own ratings approach. |
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Is Europe heading in the right direction? (pdf, 104KB) Source: Deloitte & Touche LLP, David E Brown, Anneliek Schachtschabel, 2004 As appetite for cross-border real estate continues to grow, the increase in popularity of European non-listed real estate vehicles between 1997 and the present day has been dramatic. In this article, some aspects of the European REIT models and their limitations for cross-border investment are analysed. |
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The REIT experience in the US: Lessons and opportunities (powerpoint, 372KB) Source: National Association of Real Estate Investment Trusts (NAREIT), 30 Jun 2006 This report covers an overview of the US REIT industry, the benefits of investing and a round up of industry developments. |
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The Case for Global Property Securities (pdf, 92.6KB) Source: Fidelity International, Feb 2006 This paper documents the history and development of the listed property market, from its roots in the US and Australia, to the introduction of new tax efficient vehicles in Europe and Asia. It sets out expectations for the market in years to come, offering a view on how property securities can make a positive contribution to investors' diversified portfolios. |
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FTSE EPRA/NAREIT Global REITs and Non-REITs Index Series - Fact sheet (pdf, 268KB) Source: European Public Real Estate Association (EPRA), 2006 On 30 March 2006, FTSE Group launched the FTSE EPRA/NAREIT Global REITs and Non-REITs Index Series. The new index series is a sub-set of the FTSE EPRA/NAREIT Global Real Estate Index Series, separating the existing constituents into both REIT and Non-REIT indices. |
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REITs and residential investment (pdf, 29KB) Source: Savills, 2006 Three-page report looking at the likely impact of a UK REIT on the residential market. |
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Top Real Estate Fund Managers go Global - Article (pdf, 206KB) Source: European Public Real Estate Association (EPRA), Jan 2006 This article aims to provide a broad picture of the global funds available, their managers and the size of assets under management and the focus/strategy of the funds, taking into account open-ended mutual funds investing in stock exchange quoted real estate securities listed around the world. |
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Global Real Estate Securities - Where do they fit in the broader market? (pdf, 234KB) Source: European Public Real Estate Association (EPRA), Sep 2005 With listed real estate investment managers continuing to role out multi-region/global investment products, this article tackles the question: what is the size of the investment grade, or high quality commercial global real estate market? |
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European property stocks deliver added value to European portfolios (pdf, 97.3KB) Source: European Public Real Estate Association (EPRA), 2003 Summary of Diversification benefits of European and Global Property Stocks report. |
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