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

Featured video

INTV

DOL fiduciary rule opponents and supporters sound off on Jan. 1 deadline

Senior reporter Mark Schoeff Jr. and managing editor Christina Nelson discuss the latest batch of comment letters on the regulation, this round focused on timing of the full implementation date.

Latest news & opinion

Alternative strategies boomed after crisis, but haven't been tested

Because the S&P 500 has outperformed, convincing clients they need protection is a hard sell.

7 ways advisers fixed clients' biggest financial dilemmas

Sometimes it takes creativity, along with knowledge and outside help, to get a client out of a jam.

LPL Financial buys NPH, a broker-dealer network with 3,200 advisers

The deal, part of which is based on the advisers and revenue that eventually will move from NPH, could potentially cost LPL $448 million.

3 things advisers should make sure their clients' children take to college

Advisers can help clients avoid scary and painful situations with kids age 18 and older.

Private equity investors zero in on the RIA business

P-E proves to be ready and willing to invest in RIAs, but many will be looking to sell in three to seven years.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print