TORONTO, ON--(Marketwired - January 11, 2018) -
Timbercreek today released its 2018 Market Outlook which identifies key trends the firm anticipates for global real estate securities in the year ahead. Overall, the report predicts strong performance across many markets including Canada and the United States, with global Real Estate Investment Trusts (REITs) expected to deliver returns of between 8-10 percent.
"We anticipate that this year's market conditions will be favourable for global real estate securities as valuations remain attractive, both on an absolute and a relative basis, with global REITs trading below the 10-year global equities average -- levels not seen since 2008-2009," stated Corrado Russo, Senior Managing Director, Investments & Global Head of Securities, Timbercreek. "These factors, when combined with projected dividend growth should positively influence global REIT share prices in 2018."
Within the Canadian real estate sector, the report notes the following:
"Large cities in Canada are currently experiencing a wave of gentrification driven by people's desire to live, work and play in walkable, urban environments," said Mr. Russo. "This is creating a number of compelling opportunities for REITs to experience outsized growth and offer increasing value for investors."
The report also predicts a positive overall outlook for the U.S., based on the following considerations:
"In the U.S., home prices continue to rise, prompting growth in the rental market led by millennials," said Mr. Russo. "Beyond this, secular growth opportunities exist in the world of technology, value plays in lodging and strong cyclical growth in single family rentals."
Highlights - Other Markets:
"We believe global real estate fundamentals remain strong, with global REITs priced to deliver another year of positive total returns as suggested by our bottom-up fundamental analysis," Mr. Russo concluded.
To view the report, please visit: http://www.timbercreek.com/quick-links/white-papers
About Timbercreek
Timbercreek is an active investor, owner and manager of global real estate and related assets focused on delivering sustainable and growing returns to our investors. Through our various separately managed accounts, TSX-listed entities and private investments, Timbercreek (together with its affiliates) manages over $7.5 billion[1] (CAD) in assets on behalf of investors seeking quality alternative asset class investments. Timbercreek employs a value-oriented investment philosophy, which is combined with an active, hands-on asset management style, to identify opportunities that will generate predictable and sustainable investment returns for our investors.
The Timbercreek 2018 Global Real Estate Securities Outlook Report and the content of this press release are for informational purposes only and are not an offer or solicitation to deal in securities. Any opinion or estimate contained in these documents is made on a general basis and is not to be relied upon for the purpose of making investment decisions. The statements made herein may contain forecasts, projections or other forward-looking information regarding the likelihood of future events or outcomes in relation to financial markets or securities. These statements are only predictions. Actual events or results may differ materially, as past or projected performance is not indicative of future results. Readers must make their own assessment of the relevance, accuracy and adequacy of the information contained in these documents and such independent investigations as they consider necessary or appropriate for the purpose of such assessment. These documents do not constitute investment research. Consequently, these documents have not been prepared in line with the requirements of any jurisdiction in relation to the independence of investment research or any prohibition on dealing ahead of the dissemination of investment research. Any research or analysis used in the preparation of these documents has been procured by Timbercreek for its own use. The information is not guaranteed as to its accuracy.
[1] Includes syndicated debt under administration. As of November 30, 2017.
Contact Information:
Media Inquiries:
CANADA
Amie Lauder
NATIONAL Public Relations (for Timbercreek)
416-848-1399
alauder@national.ca
U.S.
Mary McGuire
SHIFT Communications (for Timbercreek)
646-756-3709
mmcguire@shiftcomm.com
For more information, please contact:
Timbercreek Investment Management Inc.
25 Price Street
Toronto, ON
Canada M4W 1Z1
1-844-304-9967
George Ganas
Senior Vice President
Global Distribution & Portfolio Specialist
416-928-3733
gganas@timbercreek.com