Multifamily REITs currently enjoy a slight premium to the larger REIT universe when comparing aggregate current prices to analyst consensus net asset values (NAV), according to SNL Financial LLC. The premium could be at risk, however. The broader equity REIT sector has outperformed the multifamily sector by half of a percentage point so far in 2005.
REIT Price to Consensus NAV
|
Sector
(# of Companies) |
Price*
Premium/
Discount |
Price Change
1 Year YTD |
| REIT Multifamily (14) |
13.9% |
27.9% |
6.5% |
| Equity REITs (129) |
12.3% |
26.6% |
7.0% |
*Data as of July 18, 2005
Source: SNL Financial LLC |
