2016 U.S. Outlook Reports -- A Real Estate Analytics Product
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.
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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.
Jed Reagan Explains “Healthy Skepticism” Toward Real Estate Development
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
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.
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Introducing the Global Property Allocator
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
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
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.)
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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.
How Green Street Advisors determines a REIT’s valuation
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