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.