Nonlisted REIT 2Q rankings

Aug 31, 2014 @ 12:01 am

Closed REITs ranked by 2Q invested assets

Company2Q invested assets ($M)Original share priceCurrent share value1Original distribution rateCurrent cash distribution rate2Q14 FFO payout ratio2
Inland American Real Estate Trust$10,128.5 $10 $6.94 6.20%5.00%75%
Corporate Property Associates 17 Global$4,564.7 $10 $9.50 6.50%6.50%81%
Apple Hospitality$3,960.0 $11 $10.10 8.00%7.25%83%
Industrial Income Trust$3,747.6 $10 $10.40 6.00%6.00%100%
Tier REIT$3,455.8 $10 $4.20 7.00%0.00%N/A
CNL Lifestyle Properties$3,343.4 $10 $6.85 6.25%4.25%108%
Griffin-American Healthcare REIT II$3,056.2 $10 $10.22 6.50%6.65%143%
Monogram Residential Trust$2,879.1 $10 $10.03 7.00%3.50%189%
Cole Credit Property Trust IV$2,833.0 $10 $10.00 6.25%6.25%145%
KBS Real Estate Investment Trust II$2,714.1 $10 $10.29 6.50%6.50%98%
Cole Corporate Income Trust$2,606.3 $10 $10.00 6.50%6.50%94%
Hines Real Estate Investment Trust$2,422.1 $10 $6.40 6.00%2.90%88%
American Realty Capital Trust V$2,233.5 $25 $25.00 6.60%6.60%86%
KBS Real Estate Investment Trust$2,058.0 $10 $4.45 7.00%0.00%N/A
Landmark Apartment Trust$1,889.4 $10 $8.15 6.00%3.00%38%
Phillips Edison - ARC Shopping Center$1,846.9 $10 $10.00 6.50%6.70%129%
Steadfast Income REIT$1,592.7 $10 $10.24 7.00%7.00%165%
Strategic Storage Trust$731.5 $10 $10.79 7.00%6.50%120%
Signature Office$676.4 $25 $25.00 6.00%6.00%83%
Lightstone Value Plus REIT$643.2 $10 $11.80 7.00%7.00%69%

1 As of June 30 2 Funds from operations is based on NAREIT-defined funds from operations. N/A = not available. Source: MTS Research Advisors

Open REITs ranked by 2Q equity raised

Company2Q equity raised ($M) 2Q invested assets ($M) Original share price 2Q portfolio cap rate Current cash distribution rate2Q14 FFO payout ratio *
ARC Global Trust$1,036.5 $809.1 $10 7.94%7.10%241%
ARC Healthcare Trust II$722.2 $185.8 $25 7.61%6.80%1826%
Carter Validus Mission Critical REIT$670.9 $1,431.7 $10 7.83%7.00%188%
Corporate Property Associates 18 Global$398.7 $633.3 $10 7.42%6.25%374%
Griffin Capital Essential Asset REIT$297.0 $1,759.9 $10 7.55%6.75%132%
ARC - Retail Centers of America$177.4 $200.7 $10 7.36%6.40%281%
Phillips Edison - ARC Grocery Center REIT II$138.3 $28.7 $25 7.03%6.50%N/A
NorthStar Healthcare Income$134.2 $274.9 $10 6.82%6.75%659%
Carey Watermark Investors$101.6 $1,316.1 $10 N/A5.50%74%
KBS REIT III$97.4 $1,485.1 $10 6.92%6.26%84%
CNL Healthcare Properties$91.6 $1,272.5 $10 7.06%4.00%79%
ARC Realty Finance$73.9 $156.1 $25 N/A8.25%118%
Cole Office & Industrial REIT (CCIT II)$68.6 $214.9 $10 6.78%6.30%125%
ARC New York City REIT$63.1 $7.3 $25 6.65%6.00%N/A
Apple REIT Ten$56.7 $958.5 $11 9.86%7.50%78%
Hines Global REIT$54.8 $4,385.1 $10 7.20%6.25%87%
Inland Real Estate Income Trust$50.4 $237.6 $10 6.91%6.00%108%
Industrial Property Trust$47.0 $65.6 $10 5.30%4.50%100%
NorthStar Real Estate Income II$44.5 $158.0 $10 N/A7.00%491%
Jones Lang LaSalle Income Property Trust$26.1 $944.1 $10 N/A4.26%57%

*Funds from operations are based on NAREIT-defined funds from operations and adjusted for acquisition costs and expenses. N/A = not available. Source: MTS Research Advisors

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