Investor Information

Reitway Review - Edition 14

Reitway Review - Edition 14

    Global REITs, in US Dollar (USD) total return (TR) terms, retreated by 0.1% in 3Q16. This brings the year-to-date (YTD) TR of the global REIT market to 12.6%.


    Unsurprisingly, once again it was a potential US Federal Reserve (Fed) rate hike that saw bond yields spike and the global REIT market drop in the period leading up to the Fed’s 16 September policy interest rate decision. As indications became clearer that the Fed was not going to hike in September, bond market yields compressed and global REITs recovered in concert. The following chart of global REITs versus the US 10-year bond yield during 3Q16 reflects this.