Magazine article Journal of Property Management

Reit Earnings Growth Expected to Slow in 2001

Magazine article Journal of Property Management

Reit Earnings Growth Expected to Slow in 2001

Article excerpt

Despite strong demand for real estate in Boston, New York City, the San Francisco Bay area and greater Washington, D.C., analysts are expecting a slight slowdown in the overall REIT marker for 2001.

"We have become a little less bullish on the sector looking into 2001," said Steve Sakwa, senior real estate analyst at Merrill Lynch & Co. "We would characterize our change in philosophy as 'shifting from fifth gear into fourth gear, rather than slamming on the breaks."'

Sakwa, who noted that earlier predictions indicated that the market would be stronger, also said that "in addition to decelerating earnings growth, analysts were also troubled by the high number of downward estimate revisions made for 2001. This is not a trend one would expect to see if real estate fundamentals were extremely robust." Analysts for the firm made 20 downward estimate revisions in 2000.

Merrill Lynch said REITs posted a FFO per share growth of 8. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.