Global Property & REIT Quantitative Analysis

Transcription

1 Global Property & REIT Quantitative Analysis 4th Quarter n S&P Dow Jones Indices Quantitative Analysis Global Property & REIT Page 1

2 Contents S&P Global Property & REIT 3 S&P Developed Property & REIT 4 S&P Emerging Property & REIT 5 Performance by Country 6 Exchange Traded Products 7 Disclaimer 8 2nd Quarter 2012 Contact Us: Alka Banerjee Michael Orzano, CFA index_services@spdji.com Vice President Associate Director New York Beijing Toronto Sydney alka_banerjee@spdji.com michael_orzano@spdji.com London Mumbai Tokyo Dubai S&P Dow Jones Indices Quantitative Analysis Global Property & REIT Page 2

3 S&P Global Property & REIT December 31, 2012 REGION RETURNS Index Name QTD YTD 2-Year 3-Year 5-Year 10-Year Global Property QTD YTD S&P Global Property 6.84% 31.30% 10.24% 13.59% 1.15% 12.16% Diversified 10.69% 40.80% S&P Global Ex-U.S. Property 9.63% 40.88% 8.78% 11.52% -0.77% 13.08% Hotel/Resort/Leisure -0.30% 13.87% S&P Global REIT 4.10% 23.73% 12.18% 15.81% 2.68% 11.19% Industrial 5.18% 37.98% S&P Global Ex-U.S. REIT 6.44% 33.40% 10.98% 13.30% -0.31% 11.27% Office Space 1.90% 23.13% S&P Global BMI 3.21% 17.15% 3.98% 7.56% -0.26% 9.31% Healthcare 5.79% 20.18% S&P Global Ex-U.S. BMI 5.74% 17.71% 0.59% 4.74% -2.09% 10.79% Retail 5.92% 32.49% Storage 6.46% 19.76% Specialty 6.35% 14.95% Residential 4.79% 20.02% FUNDAMENTALS 12 M 1-Year Div Trailing Forward Yield P/B P/CF P/E P/E P/E P/S ROE S&P Global Property S&P Global Ex-U.S. Property S&P Global REIT S&P Global Ex-U.S. REIT S&P Global BMI S&P Global Ex-U.S. BMI SECTOR RETURNS Global REIT QTD YTD Diversified 5.74% 23.46% Hotel/Resort/Leisure -0.37% 13.99% Industrial 4.61% 35.50% Office Space 0.74% 20.98% Healthcare 5.79% 20.18% Retail 5.57% 31.74% Storage 6.47% 19.76% Specialty 6.35% 14.95% Residential 1.61% 8.92% Source: S&P Dow Jones Indices. Data as of December 31, 2012; Charts and graphs are provided for illustrative purposes only. Index returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index. Past performance is not an indication of future results. S&P Dow Jones Indices Quantitative Analysis Global Property & REIT Page 3

4 S&P Developed Property & REIT December 31, 2012 REGION RETURNS Index Name QTD YTD 2-Year 3-Year 5-Year 10-Year Developed Property QTD YTD S&P Developed Property 6.00% 28.94% 10.35% 13.96% 1.31% 11.88% Diversified 9.90% 38.06% S&P Developed Ex-U.S. Property 8.78% 38.48% 8.68% 11.73% -0.82% 12.60% Hotel/Resort/Leisure -0.37% 13.99% S&P North America Property 2.48% 18.47% 13.17% 17.99% 5.33% 11.61% Industrial 5.29% 38.12% S&P U.S. Property 2.60% 18.36% 13.02% 17.79% 5.17% 11.33% Office Space 1.81% 22.53% S&P Europe Property 10.18% 30.69% 6.31% 7.17% -3.94% 9.55% Healthcare 5.79% 20.18% S&P Asia-Pacific Property 8.87% 43.26% 9.34% 13.09% -0.10% 13.47% Retail 5.68% 31.82% Storage 6.46% 19.76% S&P Developed REIT 3.99% 23.54% 12.14% 15.75% 2.57% 11.13% Specialty 6.35% 14.95% S&P Developed Ex-U.S. REIT 6.26% 33.22% 10.89% 13.12% -0.58% 11.13% Residential 2.43% 13.99% S&P North America REIT 2.42% 18.12% 13.37% 18.23% 5.69% 11.85% S&P U.S. REIT 2.57% 17.99% 13.13% 18.03% 5.45% 11.56% Developed REIT QTD YTD S&P Europe REIT 11.29% 32.34% 6.99% 6.33% -2.35% 10.95% Diversified 5.36% 22.58% S&P Asia-Pacific REIT 4.62% 35.47% 12.44% 16.84% -0.61% 11.13% Hotel/Resort/Leisure -0.37% 13.99% Industrial 4.69% 35.96% S&P Developed BMI 2.90% 16.93% 4.94% 8.02% -0.20% 8.80% Office Space 0.73% 20.92% S&P Developed Ex-U.S. BMI 5.77% 17.43% 1.55% 4.91% -2.42% 9.84% Healthcare 5.79% 20.18% S&P North America BMI 0.26% 15.76% 7.41% 10.87% 2.02% 8.35% Retail 5.54% 31.68% S&P U.S. BMI 0.25% 16.44% 8.49% 11.39% 2.20% 7.98% Storage 6.47% 19.76% S&P Europe BMI 7.19% 20.95% 3.43% 4.36% -3.39% 9.65% Specialty 6.35% 14.95% S&P Asia-Pacific BMI 5.34% 14.98% 0.18% 5.94% -1.09% 9.25% Residential 1.35% 8.65% FUNDAMENTALS SECTOR RETURNS Property Fundamentals Div Yield P/B P/CF P/E 12 M Trailing P/E 1-Year Forward P/E P/S ROE S&P Developed Property S&P Developed Ex-U.S. Property S&P North America Property S&P U.S. Property S&P Europe Property S&P Asia-Pacific Property REIT Fundamentals S&P Developed REIT S&P Developed Ex-U.S. REIT S&P North America REIT S&P U.S. REIT S&P Europe REIT Source: S&P Dow Jones Indices. Data as of December 31, 2012; Charts and graphs are provided for illustrative purposes only. Index returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index. Past performance is not an indication of future results. S&P Dow Jones Indices Quantitative Analysis Global Property & REIT Page 4

5 S&P Emerging Property & REIT December 31, 2012 REGION RETURNS Index Name QTD YTD 2-Year 3-Year 5-Year 10-Year Emerging Property QTD YTD S&P Emerging Property 13.25% 52.15% 8.91% 10.50% -0.54% 17.49% Diversified 13.81% 52.48% S&P Emerging REIT 10.61% 36.72% 12.24% 19.77% 12.09% - Hotel/Resort/Leisure 1.87% 3.27% S&P Emerging BMI 5.63% 18.82% -2.93% 4.19% -0.57% 17.41% Industrial 2.43% 34.45% Office Space 10.48% 54.67% Healthcare - - Retail 8.36% 39.78% Storage - - Specialty - - Residential 18.97% 71.97% FUNDAMENTALS 12 M 1-Year Div Trailing Forward Yield P/B P/CF P/E P/E P/E P/S ROE S&P Emerging Property NM S&P Emerging REIT S&P Emerging BMI NM SECTOR RETURNS Emerging REIT QTD YTD Diversified 9.27% 25.61% Hotel/Resort/Leisure - - Industrial 9.08% 10.92% Office Space 3.66% 27.47% Healthcare - - Retail 9.21% 23.17% Storage - - Specialty - - Residential - - Source: S&P Dow Jones Indices. Data as of December 31, 2012; Charts and graphs are provided for illustrative purposes only. Index returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index. Past performance is not an indication of future results. S&P Dow Jones Indices Quantitative Analysis Global Property & REIT Page 5

6 Performance by Country December 31, 2012 PROPERTY QTD YTD 2 Year 3 Year 5 Year 10 Year Developed QTD YTD 2 Year 3 Year 5 Year 10 Year 7.33% 34.40% 14.48% 14.07% -5.94% 8.48% Australia 6.85% 34.71% 15.42% 14.82% -5.60% 8.56% 6.14% 38.15% 3.32% 7.95% 0.18% 15.23% Hong Kong 6.77% 42.66% 25.74% 28.19% 20.29% % 46.42% 10.25% 17.21% 1.75% 13.90% Japan -0.66% 24.98% 1.19% 16.35% 0.47% 9.43% 2.65% 28.10% 19.72% 16.61% 5.38% 13.02% New Zealand 2.93% 26.71% 18.99% 16.03% 5.07% 12.85% 9.77% 62.64% 11.33% 13.17% 3.36% 21.51% Singapore 6.50% 55.39% 16.81% 20.59% 7.53% % 38.03% 1.51% 4.19% -1.05% Austria % 11.94% 2.29% 1.53% -0.58% 8.78% Belgium 10.37% 11.94% 2.29% 1.53% -0.49% 8.80% 14.79% 23.56% -0.46% 7.22% -2.94% 13.07% Finland % 37.74% 10.36% 9.12% 4.45% 18.33% France 15.64% 37.74% 10.36% 9.12% 5.06% % 41.43% 3.43% 9.69% -8.42% 4.95% Germany 6.34% 14.02% 0.08% 11.62% 2.59% % 22.05% -4.67% 4.23% -6.42% 19.33% Israel 12.86% 20.61% -0.67% % 30.35% % % % -5.64% Italy 13.74% 35.66% % % % 10.29% % -6.06% -5.58% 10.31% Netherlands 7.60% 10.29% % -5.64% -5.06% 10.39% -0.07% 22.15% -6.26% % % % Norway % % % % % % Spain % 21.89% 3.55% 18.77% 8.73% 21.73% Sweden % 16.09% 11.10% 19.51% 14.57% 15.06% Switzerland % 35.73% 11.03% 7.59% -9.34% 5.13% United Kingdom 8.61% 36.15% 10.66% 8.23% -8.46% % 20.40% 15.85% 21.41% 8.16% 17.08% Canada -0.47% 20.99% 19.04% 22.94% 11.64% 20.51% 2.60% 18.36% 13.02% 17.79% 5.17% 11.33% United States 2.57% 17.99% 13.13% 18.03% 5.45% 11.56% QTD YTD 2 Year 3 Year 5 Year 10 Year Emerging QTD YTD 2 Year 3 Year 5 Year 10 Year 30.36% 77.43% 16.00% 8.07% -0.30% 19.80% China % 16.70% 14.63% 23.33% 8.52% - Indonesia % 12.76% 5.10% 18.14% 6.13% 16.66% Malaysia 3.86% 33.48% 28.57% % % 68.55% 27.18% 34.18% 10.25% 23.30% Philippines % 43.91% -1.08% 13.16% 12.63% 20.72% Taiwan 2.91% 29.83% 30.12% 27.24% 18.68% % 76.86% 36.79% 41.55% 16.69% 17.80% Thailand 11.89% % 37.45% 10.22% 21.73% 12.22% 12.22% Brazil % 56.50% 4.18% 34.02% 19.49% 28.59% Chile % 46.36% % % % - Poland % 64.18% -8.20% 1.78% -0.48% - Turkey 19.94% 64.18% -8.20% 1.78% -1.38% % 49.74% % % % - Egypt % 29.54% 7.91% 18.79% 11.05% 25.47% South Africa 1.17% 22.10% 5.86% 16.59% 8.94% - Source: S&P Dow Jones Indices. Data as of December 31, 2012; Charts and graphs are provided for illustrative purposes only. Index returns do not include payment of any sales charges or fees an investor would pay to purchase the securities they represent. Such costs would lower performance. It is not possible to invest directly in an index. Past performance is not an indication of future results. REIT S&P Dow Jones Indices Quantitative Analysis Global Property & REIT Page 6

7 Exchanged Traded Products S&P Index Exchange Traded Fund ETF Ticker S&P Global Ex-U.S. Property Vanguard Global ex-u.s. Real Estate ETF VNQI S&P Developed Ex-U.S. Property ishares S&P Developed ex-u.s. Property Index Fund WPS S&P U.S. REIT First Trust S&P REIT Index Fund FRI S&P Dow Jones Indices Quantitative Analysis Global Property & REIT Page 7

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