Evaluating the risks of REITs and real estate operating companies.
Real Estate Investment Trusts (REITS)
Real Estate Investment Trusts (REITs) are financial vehicles that allow investors to pool funds for participation in real estate ownership or financing. The U.S. Congress authorized the creation of REITs in 1960 as a way for individual investors to realize the financial benefits of real estate investments. The industry has grown considerably since that time, with the most recent decade representing the most significant period of growth.
Standard & Poor’s provides analytical coverage of 100 U.S.-based operating real estate companies, including publicly-listed (REITs),conventional and manufactured homebuilders,private real estate trusts, and development companies, which have collectively issued roughly $100 billion in rated securities.
Standard & Poor’s REIT ratings approach blends a comprehensive Corporate framework for assessing business strategy and financial statement analysis with an equally rigorous, Structured Finance oriented, property portfolio evaluation.
Our seasoned analysts conduct management meetings with rated issuers at least annually, visit a meaningful proportion of REIT portfolio holdings, and publish on-going surveillance REIT Report Cards quarterly.
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