The Latest From The World Of REITs: 10 Things You Need to Know Today
Here's the latest REIT news you need to know this Tuesday.
1. REITs saw some ups and downs in February, ending the month on a pretty flat note at -0.29%. Is it broader market behavior? Or has the sector plateaued? [UrbanLand]
3. Things could be shining bright in Japan, however. According to Bloomberg, "the world's best REIT" handed Fortress (FIG), with $70B in AUM, a 700% gain on risky investments made after the 2011 tsunami. [Bloomberg]
5. Small cap REIT Slate Retail (SRT-U) rose to an all-time high of $15.18 per share on Monday. (The little guys need love, too.) The Toronto-based REIT specializes in owning and leasing grocery-anchored properties. [Sonoran]
8. Despite a downward trend among mortgage REITs, student lender-turned-housing financier Social Finance considers starting a REIT to fund its own mortgages. [Bisnow]