The Markets November 2, 2010

REITs Enjoying Strong 2010

REITs continued their strong rally through October, and REIT total returns year-to-date through October 31 were triple those of the S&P 500 for the same period, according to new data.
Reported by

A news release from the National Association of Real Estate Investment Trusts (NAREIT) said the total return of the FTSE NAREIT Equity REIT Index was 24.7% and the total return of the FTSE NAREIT All REITs Index was 23.9% for the first ten months of the year, compared to 7.84% for the S&P 500.

In October, the FTSE NAREIT Equity REITs Index gained 4.7% and the FTSE NAREIT All REITs Index gained 4.56% compared to 3.8% for the S&P 500. On a year-to-date basis through October 31, all but one sector of the REIT market delivered strong double-digit returns. Among the top performing sectors were Apartments (up 38%), Lodging/Resorts (up 30.52%), and Shopping Centers (up 28.28%).

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On a one-year basis through October 31, the FTSE NAREIT Equity REIT Index delivered a total return of 42.84% and the FTSE NAREIT All REITs Index delivered a return of 40.88% compared to 16.52% for the S&P 500.

The FTSE NAREIT Equity REIT Index has outpaced the S&P 500 for the past 1-, 3-, 5-, 10-, 15-, 20-, 25-, 30-, and 35-year periods. The REIT index delivered positive returns for eight of those nine periods and double-digit returns for seven of the nine periods, according to the news release

Deals & People November 2, 2010

Atlanta Investment Consulting Firm Announces Promotion

LCG Associates, Inc., an institutional investment consulting firm headquartered in Atlanta, has promoted Britt L. Bentley, to Vice President.
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Bentley’s responsibilities include the delivery of investment related services, investment strategy, manager due diligence and searches, and other customized projects for LCG clients.  He joined LCG as an investment analyst six years ago.

According to a press release, Bentley was previously with Hilliard Lyons as an associate research analyst where he was responsible for researching technology companies, financial modeling, and writing commentary on the financial markets. Additionally, he assisted in managing the Senbanc Fund, a Quantitative Financial Sector Fund.    

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Bentley graduated from Baylor University with a B.B.A. in Finance.  

LCG provides investment consulting services for corporations, utilities, endowments, foundations, not-for-profit organizations, health care organizations, and other institutional asset pools.

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