Spotlight

Sector Updates
Office 03-19-2013
Residential 03-07-2013
Mall 03-11-2013
Industrial 03-27-2013
Strip Center 03-12-2013
Health Care 04-02-2013
Lodging 03-19-2013
Tech 04-10-2013
Lab Space 04-02-2013
Self Storage 03-21-2013

Barron’s Interviews Mike Kirby

Barron's talked with Mike Kirby about REIT valuations, attractive real estate sectors, and some favorite stocks. Over the next year or two, Green Street expects to see multiple IPOs and billions of dollars of single-family housing come public as REITs.

Barrons - Why REITs Will Stay on a Roll

05-13-2013

Fox Business Interviews Craig Leupold

Fox Business spoke with Craig Leupold about the benefits of owning REITs. Craig explained that because of improving fundamentals in a low return world, real estate is attractively priced today. Green Street is forecasting growth in REIT earnings of 8-10% over the next couple of years. He recommended that investors look closely at high-end malls and apartments, and he named his three favorite stock picks, Simon Property Group (SPG), Taubman Centers (TCO), and Equity Residential (EQR).

05-10-2013

REIT Conversion Wave is a Hot Topic

  • Green Street's Consulting Group co-hosted a REIT Conversion conference in New York.
  • Deals completed have expanded the REIT industry’s equity market cap by over 10%, another 9% is expected.
  • Some candidates fit cleanly into the REIT wrapper, while others need to prove themselves as real estate entities.
  • Green Street's Consulting Group has played an important role advising some of the largest REIT Conversions pre-conversion in recent years.
Read REIT Conversion Primer Excerpt

04-15-2013

Green Street Advisors Enhances Data Tools with Company Snapshots

Green Street Advisors is pleased to introduce REIT Company Snapshots. Use these 2-page snapshots for on-the-go data not available elsewhere. Featuring proprietary data:

  • Key investment themes and portfolio details
  • Capital structure and liquidity profile
  • Total returns and capital allocation track record
  • Relative valuation including a condensed Net Asset Value (NAV) model
Click here for a short user guide

Questions? Email us at info@greenst.com or call +1 949 640 8780

04-11-2013

Jim Sullivan discusses M&A, Capital Markets and new REITs

New REITs have been met with mixed reactions by investors. Jim advises investors to not just dismiss a company because it focuses on a property sector outside of what has traditionally been considered within the REIT space. HCP is an example of a company that was launched amidst some investor speculation, and has evolved since 1985 into one of the 10 largest U.S. REITs and a true blue-chip of the REIT industry.

03-28-2013

2013 U.S. Apartment Outlook

2013 U.S. Apartment Outlook

2012 was another great year for apartment owners, and it marked the third year in a row in which the sector witnessed robust growth in rents and asset values. As investors look into the future, there is reason for continued optimism given a host of structural and demographic factors that should support rental demand for years to come. This report serves as a deep dive into the supply and demand dynamics affecting the U.S. apartment sector, and provides key insights into how these drivers vary across the top-30 apartment markets.

View Report Excerpt

01-18-2013

Green Street Advisors Enhances Core REIT Valuation Model

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

Green Street’s NAV-based pricing model has been pivotal behind the firm’s superb twenty-year recommendation track record. Version 3.0 features an explicit adjustment for capitalized overhead and several other improvements that result in better franchise value and balance sheet risk inputs. Click here for more information on our track record.

View Report

01-02-2013

Green Street Advisors Introduces U.S. Office Outlook

U.S. Office Outlook

The U.S. Office Outlook takes an in-depth look at the largest U.S. office markets to help identify differing characteristics that may affect future investment performance. The report is the second in a series of publications in a new Green Street product line – Real Estate Analytics – that features a more comprehensive look at the drivers impacting property fundamentals and valuations in the private market.

Notable features include:

  • A thorough and insightful analysis of the major factors driving U.S. office demand
  • Deep valuation analysis including a decade-plus of proprietary cap rate and expected unleveraged return data
  • Market-level insights (30 top markets) and commentary
  • A concise, insightful “tear sheet” for 30 top markets

View Excerpt

10-16-2012

Green Street Advisors Launches Web App

Start using the app to read Green Street research on-the-go!

  • Access North American and European research
  • Save reports for offline reading
  • Batch download several reports at once
  • Tap into our Company Analysis dashboard

The app is available on your mobile device (Android, iPhone, iPad, etc.) via your browser at greenst.com/m.

Click here for user tips

Questions? Email us at appfeedback@greenst.com or call +1 949 640 8780.

05-10-2012

Bloomberg Radio Interviews Jim Sullivan

Bloomberg Radio spoke with Jim Sullivan about why investors should invest in REITs. Jim explained that REITs should represent 5-20% of a broadly diversified investment portfolio. He said that Green Street Advisors prefers REITs with high quality real estate, and made special mention of Simon Property Group (SPG) and Public Storage (PSA).

Listen to the Interview

04-25-2012

Barron’s Interviews Mike Kirby as part of its Roundtable of Real Estate Experts

Mike Kirby shared his outlook for real estate in a recent interview with Barron’s. Described as “the dean of REIT analysis,” Mike highlighted investment opportunities in Malls, Manufactured Housing and other sectors. He also discussed some of his top picks including Unibail, one of the largest owners of shopping malls in Europe.

Barrons - Real-Estate Roundtable Interview

03-03-2012

Barron's Interviews Green Street Advisors

Barron's 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

11-27-2010

Our Track Record

Total Return of Green Street’s Monthly Recommendations
Jan 28, 1993 to May 2, 2013¹
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