Approximately $8.3 million was invested in mutual finds dedicated to real estate for the week ending Apr. 25, which contributed to a rise in total asset value to about $20 million to $10.3 billion, unchanged from the week before when outflows totaled $19.2 million.
The average dividend yield for the week came in at 7.24%, down 0.01 from the week before, while the spread over the S&P slipped 3 basis points to 600 and 7 bps for the 10-year Treasury.
Bear Stearns says that, as expected, average FFO increased 10.6% per share for the companies it covers that have issued first quarter results, evidence that the national real estate market remains relatively strong.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
