Japanese REITs may follow the same path as European REITs after the European Central Bank lowered the deposit rate in December, according to Yoji Otani, analyst at Deutsche Bank AG. Since then, the FTSE EPRA/NAREIT Developed Europe REITs Index has fallen 15%.
U.S. REITs are firing on all cylinders for investors, agreed participants at NAREIT's annual investor forum, held this summer. Elsewhere in the world, though, the storyline for REITs is different. While the Americas sector of the FTSE EPRA/NAREIT Global Real Estate Index delivered a 3.99% total return last year, the rest of the world posted negative returns.
Simon Property Group has become the biggest real estate company globally, according to the FTSE EPRA/NAREIT Global Real Estate Index. The REIT is now No. 1 on the index, based on its market capitalization of $45.9 billion as of Friday.
Hamborner REIT, ANF Immobilier and Fastighets AB Balder have met the eligibility criteria and will join the FTSE EPRA/NAREIT Developed Europe Index. After they join, effective Monday, they will add $1.3 billion of free-float market capitalization to the index.
FTSE Group, in partnership with NAREIT and the European Public Real Estate Association, has launched the FTSE EPRA/NAREIT Emerging Markets indexes. This family of commercial real estate indexes will help
investors gauge performance of REITs and other listed real estate companies in 13 emerging markets around the globe.