Improving Fundamentals Bolster CRE Earnings Outlook
Sorohan, Mike, Murray, Michael, Mortgage Banking
Despite a general pullback in the second quarter, most global real estate companies posted positive results. A report from LaSaIIe Investment Management, Chicago, said improving real estate fundamentals should help drive healthy earnings growth over the next few years, with world wide revenues expected to be a strong source of that growth.
According to LaSalle's Quarterly Review and Outlook, yearto-date, property stocks have gained 8. 1 percent; the broad market index is up 3.3 percent. Ernst-Jan de Leeuw, head of LaSalle's real estate securities (Europe), said the company expects worldwide earnings per share growth to be in the mid- to high singledigits per annum through 2013, …
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Publication information:
Article title: Improving Fundamentals Bolster CRE Earnings Outlook.
Contributors: Sorohan, Mike - Author, Murray, Michael - Author.
Magazine title: Mortgage Banking.
Volume: 71.
Issue: 12
Publication date: September 2011.
Page number: 104+.
© 2009 Mortgage Bankers Association of America.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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