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Sector Updates
Office 03-15-2012
Residential 05-14-2012
Mall 03-21-2012
Industrial 03-22-2012
Strip Center 03-19-2012
Health Care 03-23-2012
Lodging 03-26-2012
Tech 03-09-2012
Lab Space 05-11-2012

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

Green Street Analysts Top Wall Street Journal Rankings

Enrique Torres and Michael Knott of Green Street Advisors claimed top spots in the Wall Street Journal’s annual Best on the Street rankings. Enrique Torres placed #1 for Hotels & Casinos and Michael Knott placed #3 for Real Estate. The Wall Street Journal’s ratings are based on performance of analyst stock recommendations in 2011.

View Press Release

05-09-2012

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

REIT.com Interviews Mike Kirby

REIT.com interviewed Mike Kirby about the group of REIT initial public offerings (IPO’s) that appear to be headed for the market. He expects that some highly credible, larger deals run by management teams that we know and respect may well represent the first crop of REITs in this IPO wave. Mike also spoke about REIT share values and the impact of leverage on the industry.

04-19-2012

The Non-Traded REIT Industry - Special Report

Green Street Advisors Non-Traded REIT Industry Report

The non-traded REIT industry has thrived in recent years, and growth has occurred despite numerous investment shortcomings. The SEC and FINRA have taken notice and turned up the heat, causing some in the industry to change their business models. This “new breed” of non-traded REITs will be better than the old. Nevertheless, publicly traded REITs remain superior for almost all investors. Green Street Advisors continues to watch the non-traded REIT industry, and recently initiated coverage on Retail Properties of America (RPAI).

View Non-Traded REIT Industry Report Excerpt View RPAI Report Excerpt

04-12-2012

Green Street Advisors Launches Manhattan Office Database

Green Street’s Manhattan Office Database offers insights and a deep dive into the largest office market in the U.S., which is critical for public and private real estate investors. The Manhattan Office database is comprised of over 100 properties, totaling 120 million square feet, and over $40 billion in value.

  • Access Detailed Property Information including occupancy, rent, tenants, ownership, and a succinct Green Street write-up for each property
  • Create Customized Reports by Submarket and Company with property mapping and dashboards of key inputs for valuation analysis
  • Download Green Street’s Proprietary Forecast for market fundamentals
  • Understand Valuation Trends by tapping into the data behind Green Street’s Manhattan Office Property Price Index

Would you like a guided tour? Please contact Sales at +1 949 640 8780 or email inquiry@greenst.com.

03-23-2012

CNBC Features Mike Kirby

CNBC’s Fast Money spoke with Mike Kirby about the benefits of investing in REITs. Mike discussed promising real estate sectors for investors, and shared some of his top picks in Malls, Manufactured Housing, and Self-Storage.

03-13-2012

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

Sector Allocation – Special Report

There is considerable evidence that the after-cap-ex growth profiles of some property types are much better than others, and prevailing cap rate relationships often fail to reflect these differences. Systematic mispricing across property sectors appears to be common. Sector-allocation strategies should benefit from improved estimates of long-term growth.

View Report Excerpt

12-04-2011

CNBC Interviews Craig Leupold

CNBC spoke with Craig Leupold about the recent decline in REIT stock prices and the outlook for mall and strip center REITs given recent concerns about retailer retrenchment. Craig said that the re-pricing of risk means retail REITs with high quality portfolios should outperform those with lower quality portfolios. He added that the market is sending two signals about REIT pricing, with REITs expensively priced vs. stocks and attractively priced vs. bonds, and the fair market value falling between the two.

CNBC – Fast Money

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10-05-2011

The New York Times Interviews Mike Kirby

The New York Times spoke with Mike Kirby about the evolution of the REIT industry, recent market trends, and general advice for investors. Mike suggested REITs were overvalued in early July when the interview took place, and in the subsequent 30 days, REITs dropped over 10% in value.

08-05-2011

Barron's Interviews Green Street Advisors

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

11-27-2010

Our Track Record

Total Return of Green Street’s Monthly Recommendations
Jan 28, 1993 to Apr 2, 2012¹
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

Sullivan: Biggest Threat to REITs is Balance Sheet Complacency

Jim Sullivan manages Green Street's North American REIT research team. At different points during his 17-year Green Street career, he has been lead analyst for a variety of property sectors including malls, strip centers, healthcare,...
National Real Estate Investor - 05-16-2012

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