Multi Housing News July 2012 : Page 12
market pulse Apartment Total Returns Internal Rate of Return on Investment 2008 8.0% 6.0% Investment Returns 4.44 3.34 .29 -.36 -1.81 -3.0 -5.13 .42 Commercial Real Estate Total Returns Internal Rate of Return on Investment 2011 2012 6.0% 4.21 2009 2010 6.04 6.29 2008 4.0% 2009 2010 4.62 3.31 .76 3.86 3.36 2011 3.94 2012 3.30 2.96 Investment Returns 4.0% 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% 3.60 3.48 2.59 2.79 2.0% 0.0% -2.0% -4.0% -6.0% -8.0% .56 -.17 -2.11 -3.32 -5.20 -7.33 -8.29 -10.0% -8.39 -8.70 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 -10.0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Source: National Council of Real Estate Investment Fiduciaries Apartment Traffi c Trends National Trends in Rental Applicant Traffi c Application Rate (difference from avg) Signals 0.015 Jobs Traffic 600 U.S. Job Change (thousands) 0.010 0.005 0.000 -0.005 -0.010 -0.015 Sep’11 Mar’10 Sep’08 Sep’09 Sep’10 Mar’08 Mar’09 Mar’11 Mar’12 Jun’11 Jun’08 Jun’09 Jun’10 c’08 c’09 c’10 c’11 400 200 0 -200 -400 -600 -800 Positive Trend Status Quo -0.020 Application processing rates show signifi cant improvement as job creation continues. Source: RentGrow, U.S. Bureau of Labor Statistics De De Apartment Equity REITs Performance Period to Date Performance (%) Dividend Yield (5-4-12) Price Return (5-4-12) 2.80 -0.05 Total Returns (as of 5-4-12) 5-4-12 Q-T-D Y-T-D -0.05 1.92 10.55 Compound Annual Total Returns Through Prior Month’s Close Unemployment Rate Seasonally adjusted, 16 years and over 10.0% Percentage of Unemployed 9.5% 9.0% 8.5% 8.0% De De Negative Trend 8.2% 8.1% Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. 2011 2012 1-Year 11.00% 5-Year 7.43% 10-Year 12.67% Source: National Association of Real Estate Investment Trusts Source: U.S. Bureau of Labor Statistics 12 July 2012 | Multi-Housing News
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