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All N. America REIT & Real Estate Research Reports

Spotlight

Sector Updates
Office 09-02-2015
Residential 08-28-2015
Mall 08-17-2015
Industrial 08-31-2015
Strip Center 08-27-2015
Health Care and Lab Space 09-02-2015
Lodging 08-28-2015
Tech 06-02-2015
Self Storage 05-27-2015
Net Lease 08-21-2015

Real Estate Analytics: New Market Snapshots & Proprietary Datasets

Published 08/18/2015

The 2H15 Green Street Advisors Market Snapshots are now updated and available via a new map menu. Easily access 2-page "tear sheet" reports for each of the top 30 markets in the five major sectors (apartments, industrial, malls, office, and strips.)



DataHub now includes an expansive suite of market forecast and valuation data, in addition to hundreds of macroeconomic datasets. Save time using DataHub's convenient Excel download feature to access this valuable data.

View DataHub User GuideLearn more


REIT Spin-Offs: Capitalizing on Record-High Valuations

Published 07/31/2015


 
Today’s sky-high real estate prices have created compelling opportunities for thriving operating companies to create shareholder value through REIT spin-offs and other creative real estate strategies. Darden Restaurants, Hudson's Bay Company, and Sears are three publicly traded companies that are using REIT spin-offs as a means to increase shareholder value. Jim Sullivan describes Green Street’s work on conversions and spin-offs in a new video.

Learn more View Article on REIT Spin-offs


Green Street Revamps Corporate Governance Scorecard

Published 06/01/2015

As was highlighted in the recent attempt by Simon Property Group (SPG) to acquire Macerich (MAC), most REITs incorporated in Maryland have the ability to classify the board of directors (and thus fend off an unwelcome suitor) whenever they want. This month’s Heard on the Beach introduces soon-to-be-implemented changes to Green Street’s corporate governance scoring system that will appropriately penalize those REITs that can avail themselves of this extraordinary antitakeover device.

View Last Year's Corp Gov Ranking


Single-Family Rental Sector: Growing Up Before Our Eyes

Published 10/15/2014

SFR Estimated Median Gross Yields

In a special report and accompanying conference call on the Single-Family Rental (SFR) sector, Dave Bragg and David Segall conclude that a consolidation wave has only just begun and should accelerate. Their report provides highlights from Green Street’s proprietary database of 75,000+ institutionally-owned SFR assets with insights on gross yields, rent growth, and asset quality. It also gives an updated valuation of SFR REIT American Homes 4 Rent (AMH).

View Excerpt


How to Value REITs: Download Green Street's Updated Guide

Published 07/01/2014


*Past performance as of 5/30/14 cannot be used to predict
future performance. Please see our track record disclosure.

Green Street just posted its updated REIT Valuation guide based on its NAV-based pricing model for the general public. The model has been pivotal behind the firm’s superb twenty-year recommendation track record. The guide provides the nuts and bolts of an NAV-based analysis, the factors that impact the premiums at which REITs should trade (franchise value, balance sheet risk, corporate governance, and overhead), and Green Street's relative valuation approach for identifying the most/least attractively valued REITs.
 


Green Street in the News: Starboard Real Estate Primer on Darden

Published 04/01/2014



Green Street's Advisory & Consulting group recently completed an in-depth valuation analysis of Darden Restaurants, Inc.'s (NYSE: DRI) real estate holdings for Starboard, a sophisticated hedge fund client.  The analysis included a detailed review of each of Darden's locations. Using Green Street's proprietary data and industry contacts and knowledge, in combination with publicly-available information, our consulting team derived valuation estimates for the company's owned and leased real estate.  Starboard used this information as part of a publicly-filed presentation to argue for a sale or spin-off of the Company's real estate to enhance shareholder value.   

View Press Release


Mike Kirby Wins Graaskamp Award

Published 10/30/2013

Photo Courtesy of Michael Grecco

The James A. Graaskamp award aims to recognize people who, through significant research, contribute practical insights of immediate use to real estate decision makers.

Learn More


Barron’s Interviews Mike Kirby

Published 05/13/2013

Barron's talked with Mike Kirby about REIT valuations, attractive real estate sectors, and some favorite stocks. 

Barrons - Why REITs Will Stay on a Roll
Barrons - Real-Estate Roundtable Interview


Barron's Interviews Green Street Advisors

Published 11/27/2010

Michael Grecco for Barron's

Barron's recently talked with Green Street's president, Craig Leupold, and its director of research, Mike Kirby, about REIT valuations, leading stocks, popular exchange-traded funds and the merits of REITs versus private real-estate investments.

Barrons - REITs with the Right Stuff




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Our Track Record

Total Return of Green Street’s Monthly Recommendations
Jan 28, 1993 to Sep 1, 2015¹
Annualized hypothetical returns

¹Past Performance cannot be used to predict future results.
View our methodology and disclosure statement.

Valuation Data

Green Street Advisors
Commercial Property Price Index

Indexed to 100 in Aug '07

Green Street’s CPPI is a time series of current and historical unleveraged commercial property values. It is not a forecast and does not reflect performance of REIT stocks.
Average Premium to NAV

Goodbye ARCP, Hello VEREIT

Commercial Property Executive - 08-27-2015


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*Green Street Advisors has not verified any information from outside sources and therefore makes no guarantee to its accuracy.
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