trending Market Intelligence /marketintelligence/en/news-insights/trending/88BZigBraEzTdtRYh5_BDQ2 content esgSubNav
In This List

US REITs end 2018 at 18% discount to NAV

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


US REITs end 2018 at 18% discount to NAV

Editor's note: This Data Dispatch is updated monthly and was last published Dec. 4. Analysis includes current publicly traded U.S. equity real estate investment trusts with market capitalizations of at least $200 million.

U.S. equity REITs finished 2018 trading at a 17.7% median discount to their S&P Global Market Intelligence consensus net asset value per-share estimates, a 9.2-percentage-point drop compared to the 8.5% median discount at the end of November.

The healthcare and self-storage sectors were the only property types to trade at a premium to NAV at year-end on a median basis. The healthcare sector ended the year trading at a median 4.9% premium to NAV, while the self-storage sector followed at a 2.2% premium.

At the other end, regional mall REITs continued to trade at the steepest discount to NAV, at 38.2%, while the timber and office sectors followed, at discounts of 35.9% and 28.2%, respectively.

SNL Image

SNL Image

Did you enjoy this analysis? Click here to set email alerts for future real estate Data dispatch articles.

For further NAV analysis tips, check out S&P Global Market Intelligence's complimentary REIT NAV Analysis webinar. Other webinars are also available in the On Demand Library.