Thursday, January 16, 2014

US REITs Average Stock Prices Down 72% Due to Financial Meltdown Then Up 302% Under Obama and the US Fed

I found 35 US Real Estate Investment Trusts (REITs) with current Total Market Capitalizations of at least $3 Bil each and which also had their common stock trading on December 31, 2006, the middle of President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their low point resulting from the 2008 financial meltdown, and also trading on yesterday January 15, 2014.

I only included traditional REITs, and thus I excluded Health Care, Storage, Institutional, Mortgage and other non-traditional ones.

The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 35 US REITs had their average stock prices drop by a massive 72% from the midpoint of President Bush's second Presidential term on December 31, 2006 and very early in President Obama's first term, or on March 6, 2009, which was these US REITs very lowest point resulting from the disastrous 2008 Financial Meltdown.

But nearly miraculously since March 6, 2009, the average stock prices of these 35 REITs have increased by an exceptional 302% through yesterday January 15, 2014.

Clearly, the investors in and executives of these 35 US REITs must be extremely pleased with the financial impact of actions taken by both the Obama Administration and the US Fed, which rescued many of them from almost certain bankruptcy.....when you lose 72% of your market value, there is an awfully good chance you are headed for the financial junk pile.

Below are the market prices of each of these 35 US REITs on January 15, 2014, on March 6, 2009, and on December 31, 2006:
 






Market Market






Price Price






% %






Increase Decline



Market Market Market 3-6-09 12-31-06



Price Price Price to to
REIT HQs
1-15-14 3-6-09 12-31-06 1-15-14 3-6-09
















SL Green Realty New York NY      93.68        8.69     132.78 978% -93%
DDR Beachwood OH      15.65        1.52      62.95 930% -98%
Macerich Santa Monica CA      59.00        6.79      82.02 769% -92%
CBL & Associates Properties Chattanooga TN      18.01        2.09      43.35 762% -95%
LaSalle Hotel Properties Bethesda MD      31.18        3.91      45.85 697% -91%
Simon Property Group Indianapolis IN     157.18      26.19     101.29 500% -74%
Host Hotel & Resorts Bethesda MD      19.45        3.54      24.55 449% -86%
Apartment Investment&Mgt Denver CO      26.72        4.94      46.96 441% -89%
Prologis San Francisco CA      37.51        9.72      58.61 286% -83%
Douglas Emmett Santa Monica CA      24.59        6.45      26.59 281% -76%
WP Carey New York NY      62.02      18.02      30.07 244% -40%
Weingarten Realty Investors Houston TX      28.96        8.43      46.11 244% -82%
Camden Property Trust Houston TX      60.17      17.64      73.85 241% -76%
Duke Realty Indianapolis IN      15.13        4.48      40.90 238% -89%
Boston Properties Boston MA     105.19      31.73     111.88 232% -72%
Kilroy Realty Los Angeles CA      51.35      15.52      78.00 231% -80%
UDR Highlands Ranch CO      23.83        7.23      31.79 230% -77%
BRE Properties San Francisco CA      57.70      18.28      65.02 216% -72%
Equity Residential Chicago IL      53.78      17.09      50.75 215% -66%
Vornado Realty Trust New York NY      92.01      29.31     121.50 214% -76%
Kimco Realty New Hyde Park NY      20.76        7.01      44.95 196% -84%
Hospitality Properties Trust Newton MA      26.71        9.09      41.90 194% -78%
Avalon Communities Arlington VA     122.64      42.14     130.05 191% -68%
Essex Property Trust Palo Alto CA     152.92      55.19     129.25 177% -57%
Federal Realty Investment Trust Rockville MD     104.72      39.90      85.00 162% -53%
Mid-America Apartment Communities Memphis TN      61.95      23.71      57.24 161% -59%
Realty Income Escondido CA      38.77      15.03      27.70 158% -46%
National Retail Properties Orlando FL      32.09      12.96      22.95 148% -44%
Equity LifeStyle Properties Chicago IL      36.80      15.29      27.22 141% -44%
Home Properties Rochester NY      55.68      25.36      59.27 120% -57%
Highwood Properties Raleigh NC      36.45      16.72      40.76 118% -59%
Regency Centers Jacksonville FL      47.78      22.02      78.17 117% -72%
Liberty Property Trust Malvern PA      35.09      16.95      49.14 107% -66%
Alexandria Real Estate Equities Pasadena CA      65.84      32.83     100.40 101% -67%
Senior Housing Properties Trust Newton MA      22.23      11.39      24.48 95% -53%






Average % Change all 35 




302% -72%