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Our Track Record

Definitive leaders in real estate
research for over 30 years

Quality research and distinguished results

The quality of Green Street’s research is evident in the performance of our recommendations. Our team of experienced analysts makes recommendations on over 100 publicly-traded real estate stocks in the US and Europe as well as macro calls on the direction of 1) commercial property values and 2) REIT market values.

I. Public Real Estate (REIT) Values:

Hypothetical Track Record

Green Street is well known for the quality of its in-depth, detailed research at the company level. The results can be seen in our hypothetical track record based on our monthly recommendations.

  • Green Street's BUY recommendations have generated annualized total returns of 24% from 1993 – compared to 12% for the stocks in our coverage universe and 1% for our SELL recommendations.
  • In every year from 1993 to 2014, our BUY recommendations outperformed our SELL recommendations, demonstrating our ability in both bull and bear markets.
  • The performance shown below is hypothetical, but it nonetheless indicates our ability to pick stocks.

Total Return of Green Street’s Monthly Recommendations
Annualized hypothetical returns from Jan. 28, 1993 to Dec 1, 2016

A file with all recommendations by month and price at the time is available upon request. If interested, please contact inquiry@greenstreetadvisors.com for further information.

Total Return of Green Street’s Monthly Recommendations by Year

24%

Green Street's Real Estate Investment Trust (REIT) BUY recommendations have generated annualized total returns of 24% from 1993 – compared to 12% for the stocks in our coverage universe and 1% for our SELL recommendations.

 
Buy Hold Sell Universe
'16 15% 15% 13% 14%
'15 8% 1% -2% 2%
'14 42% 32% 27% 33%
'13 4% 1% 2% 2%
'12 24% 25% 19% 23%
'11 19% 8% -5% 8%
'10 43% 33% 27% 34%
'09 59% 48% 6% 38%
'08 -28% -31% -53% -37%
'07 -7% -22% -28% -20%
'06 46% 30% 19% 32%
'05 26% 19% -2% 16%
'04 43% 29% 16% 29%
'03 43% 37% 22% 35%
'02 17% 3% 3% 5%
'01 35% 19% 13% 21%
'00 53% 29% 6% 30%
'99 12% -9% -21% -7%
'98 -2% -15% -15% -12%
'97 37% 15% 7% 18%
'96 48% 31% 19% 32%
'95 23% 14% 1% 14%
'94 21% -1% -9% 3%
'93 27% 5% 8% 12%
 
Period 2/93 - 12/16
Total Return 15,876% 1,170% 30% 1,351%
Annualized 24% 11% 1% 12%

Note: Past performance cannot be used to predict future performance. Click here for complete disclosure statement.

II. Commercial Property Values

Green Street has created proprietary tools to help predict the direction of commercial real estate values. Green Street's Commercial Property Price Forecast combines signals from the bond market with signals from the REIT market to gain insight about the direction of property prices over the next six to twelve months. The tool has a proven track record predicting directional changes in commercial real estate pricing, though it is not precise enough to predict the magnitude of price moves.

Green Street’s Commercial Property Price Forecast and Commercial Property Price Index

 Forecast Appreciation  
 Neutral Forecast  
 Forecast Decline  
 CPPI (left axis)

Green Street's Commercial Property Price Forecast is published monthly in Green Street's Real Estate Pricing Macro Snapshot, a Real Estate Analytics report. Results prior to February 2012 are back-tested results. The model that generates the forecast is based on: 1) a comparison of Green Street’s proprietary time series of unlevered return expectations on real estate with corporate bond yields (50% of the model) and 2) the relationship between REIT share prices and the underlying private-market value of their properties (50%). Past performance cannot be used to predict future results. Green Street's Commercial Property Price Index, available here, is a time series of unleveraged U.S. commercial property values that captures the prices at which commercial real estate transactions are currently being negotiated and contracted. Click here for complete disclosure statement.

Green Street Investors’ Performance

Green Street Advisors has an affiliate Green Street Investors that aims to generate above average returns by investing in real estate securities using the investment recommendations of Green Street Advisors. For more information about Green Street Investors and its performance, please visit http://www.greenstreetinvestors.com/GSIPerformance.pdf.