![]() CEO Conor Flynn credited much of the firm's performance to actions taken long before the world had ever heard of Covid. The standout performer among commercial real estate firms was Kimco, a retail REIT specializing in shopping centers that ended the period up 47 percent from its pre-pandemic price. The next six firms on the overall ranking were all connected to the residential or multifamily sectors, led by Mid-America Apartment Communities, whose shares rose 68 percent between Feb. Share prices for many multifamily developers and single-family homebuilders also rose on the back of the nationwide housing boom. It ended the period down 8 percent from its February 2020 stock price.īy comparison, the Real Estate Select Sector SPDR Fund (XLRE), which aims to reflect the performance of real estate stocks in the S&P 500 Index and includes many of the firms examined here, rose 23 percent during the two-year period. ![]() ![]() But the firm was hit hard by supply-chain problems and Omicron-related labor disruptions last year, which affected its customers in the food-service industry. The only industrial-sector firm to end the period at a loss was Americold Realty Trust, a cold-storage logistics company whose shares actually ended 2020 up 24 percent from their pre-pandemic price. (See charts by sector at bottom of story) In sixth was Duke Realty Corporation, a warehouse owner that Prologis is attempting to purchase for $24 billion. Self-storage firm Public Storage and Prologis, the world’s largest warehouse landlord, tied for fourth with increases of 81 percent each. Shares of document-storage and data-management firm Iron Mountain climbed 87 percent in value to take third place. The top six were all either industrial or self-storage firms, with Extra Space Storage taking the top spot after nearly doubling its share price since the start of the pandemic, followed by Life Storage’s 89 percent increase. 1, 2022.Īs one may have expected, given the explosion of ecommerce and the need to make room for home offices during Covid lockdowns, firms specializing in last-mile logistics and self-storage facilities performed extremely well and dominated the overall ranking’s top 10 spots. To see which firms have fared the best since Covid arrived, The Real Deal analyzed the performance of 45 publicly traded companies in the residential, industrial and commercial real estate sectors and compared the changes in their share prices over the two-year period from Feb. But their gains - and losses - have varied widely between sectors and companies. Last year was a strong one for real estate investment trusts, and now, two years since the start of the pandemic, most publicly traded real estate firms have regained their footing. (iStock) The following is a preview of one of the hundreds of data sets that will be available on TRD Pro - the one-stop real estate terminal that provides all the data and market information you need.
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