"These are definitely defensive REITs, " says James Sullivan, an analyst at Green Street Advisors, the real estate research firm.
Many folks in the commercial real-estate business seem to believe that green buildings are the real deal.
"Private REIT shares are sold, not bought, " says Jon A. Fosheim, cofounder of real estate research firm Green Street Advisors.
Here we'll use an adjusted FFO measure favored by real estate research firm Green Street Advisors, which subtracts building-upkeep costs from FFO.
By comparison, REITs in general trade at 26% premiums to their net asset values, according to Green Street Advisors, a real-estate research firm.
In the past five years, General Growth's NAV and earnings growth have averaged 20% and 12%, respectively, according to real estate research firm Green Street Advisors.
This measure, an obsession of real estate research firm Green Street Advisors (which provides us with much of our REIT data), is net income plus depreciation minus maintenance-level capital expenditures.
The newly-adopted green leasing provisions will reduce energy consumption and costs in these buildings and likely accelerate the adoption of green-leasing practices in mainstream real-estate markets.
FORBES: GSA Goes Deep Green With Next-Gen Green Leasing Standards
Just 10 months ago, cap rates on storage space were near 7% and were as high as 9% during the commercial real-estate downturn in 2009 and were generally several percentage points higher than cap rates on most other types of commercial real estate, according to data from Green Street Advisors.
This green-induced convergence is also shaking up the competitive dynamics of the commercial real-estate market, creating opportunities for small companies to become big companies and big companies to become still bigger.
FORBES: Green Building Sparks Battle for the Built Environment
Cut across Real Estate, Financial Services, Manufacturing, Media, Tech, Green tech, Healthcare, Agriculture and Fashion, the 30 young African entrepreneurs, disruptors and innovators featured on this list are impatient to change Africa.
He attests that to the real estate downturn and downward trend in home values, as well as an increasing interest in green and energy-efficient homes.
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