The Markets December 3, 2010

REITs Lose Ground in November

REITs nearly tripled the performance of the S&P 500 Index in the first 11 months of the year, although they lost ground in November, 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 22.25% and the total return of the FTSE NAREIT All REITs Index was 21.88% for the first 11 months of the year compared to 7.86% for the S&P 500.

In November, the FTSE NAREIT Equity REITs Index lost 1.96% and the FTSE NAREIT All REITs Index lost 1.62% while the S&P 500 gained 0.01%.

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

According to the NAREIT data, all sectors of the REIT market were in the black and all but two delivered strong double-digit returns on a year-to-date basis through November 30. Top performing sectors were Apartments (up 41.04%), Free-standing Retail (up 35.28%), Regional Malls (up 32.65%), Lodging/Resorts (up 31.29%) and Shopping Centers (up 23.56%).

On a one-year basis through November 30, the FTSE NAREIT Equity REIT Index delivered a total return of 30.99% and the FTSE NAREIT All REITs Index delivered a return of 29.72% compared to 9.94% for the S&P 500, the NAREIT data showed. 

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. REITs also continued to reward income investors in the first 11 months of 2010, NAREIT said. 

The FTSE NAREIT All REITs Index cash dividend yield was 4.58% and the FTSE NAREIT Equity REIT Index cash dividend yield was 3.76% at the end of November, while the S&P 500’s dividend yield was 1.98% and the yield on 10- year U.S. Treasuries was 2.79%.

Finally, NAREIT said, compared to last year’s total $34.7 billion in equity and debt raised, REITs so far this year have raised $42.7 billion — $21.9 billion in secondary equity common and preferred share offerings; $18.8 billion in unsecured debt and $2 billion in nine IPOs.

Products December 3, 2010

Fiduciary Adviser Unveils Training Program

Fiduciary adviser Roland|Criss has launched the Stewardship Development Center (SDC) to train fiduciary leaders and their teams.
Reported by

According to a news release, Roland|Criss will offer the SDC training to pension plan sponsors, endowments, and foundations beginning December 9. The program is designed to offer an in-depth understanding of how fiduciary laws shape the industry and their daily practices.

The news release said each of the three and a half hour seminars will be led by an accredited industry expert, and will include a breakdown of key fiduciary concepts, an explanation of the role of related tools, and the development of tactical skills required for fiduciary success. For some courses, HR, legal and/or accounting continuing education credits will be offered to attendees.

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Ronald E. Hagan, President and CEO of Roland|Criss, will participate in the SDC’s training of boards of directors, trustees, investment committees, and executives for finance and human resources that oversee pensions’ and foundations’ investible assets. The SDC’s strategic direction is led by Hagan and Ron W. Hagan, Roland|Criss’ Executive Vice President.

«