Three years ago—when the Fed began raising interest rates to help stem high inflation—a valuation gap emerged between public and private real estate as evidenced by the implied cap rate from Nareit’s ...

Shopping center REITs are exploiting a persistent arbitrage between public and private real estate valuations to drive accretion for shareholders. This strategy boosts AFFO per share and unlocks value ...

REIT tax law dictates that at least 75% of their income must be derived from passive real estate assets. For equity REITs, this means ownership of physical real estate leased out to tenants for a ...

For three years, a stubborn gap has persisted between appraisal cap rates for private real estate and the implied cap rate for REITs calculated off the FTSE Nareit All Equity Index. (As of the third ...