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All N. America REIT & Real Estate Research Reports


Sector Updates
Health Care & Lab Space 11-20-2015
Industrial 11-14-2015
Lodging 11-19-2015
Mall 11-11-2015
Net Lease 11-30-2015
Office & Data Center 11-30-2015
Residential 11-13-2015
Self Storage 12-04-2015
Strip Center 11-12-2015

2016 U.S. Outlook Reports -- A Real Estate Analytics Product

Published 01/22/2016

Green Street’s annual U.S. Outlook reports serve as a deep dive into operating fundamentals, asset valuations, and key trends that may impact future investment performance in the five major property sectors.

Report Highlights:

  • Supply and Demand Analysis: A thorough analysis of the major factors affecting supply and demand dynamics and the risks and opportunities facing each sector.
  • Growth Forecasts: Sector and market-specific operating fundamental forecasts through 2020.
  • Value-Add Analyses: Including deep dives into cap-ex, high-barrier vs. low-barrier fundamentals and valuation, and the financing environment.
  • Proprietary Time Series: A decade-plus of proprietary cap rate and expected unleveraged return data for the sector and each major market.
  • Market “Tear Sheets”: Two pages of insights and commentary on fundamentals, growth forecasts, notable transactions, asset values, and return expectations for each of the top 30 U.S. metros. 

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Jed Reagan Explains “Healthy Skepticism” Toward Real Estate Development

Published 01/08/2016

In this video, Jed discusses how Green Street assesses development and shares that active developers tend to underperform less active developers. Office REITs have become more active on development as this cycle has progressed but have been generally disciplined in terms of managing risk. More recently however, there are concerns about growing pipelines despite increasing NAV discounts and stretched balance sheets

Values Increased 10% in 2015

Published 01/07/2016

The Green Street Commercial Property Price Index was unchanged in December. Property prices have increased by 10% over the past year and by 30% over the past three years.

Download This Month's CPPI

Introducing the Global Property Allocator

Published 10/05/2015

Green Street Advisors recently launched a new and unique analytical tool geared toward global real estate portfolio managers and investors. The Global Property Allocator assesses the relative attractiveness of 21 property types in the United States, United Kingdom, and Continental Europe across both private and public markets. Green Street is especially capable of performing this analysis because of our substantial research teams in the US and Europe. The monthly analysis, aimed at long-term, buy-and-hold investors, incorporates lessons learned about the big cross-sector differences that exist with regard to growth potential and the true, long-term costs of ownership. Continental European property markets are most attractively priced relative to others.

U.S. Mall Distribution by Quality Grade

Published 10/02/2015

200+ malls are considered ‘C’ or below but these only account for ~5% of mall value in the U.S. Many may go extinct.

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

How Green Street Advisors determines a REIT’s valuation

Published 07/01/2014

Download Green Street's 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.

Download Green Street's Methodology

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Our Track Record

Total Return of Green Street’s Monthly Recommendations
Jan 28, 1993 to Feb 1, 2016¹
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
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