The worst results were good by ProLogis, the largest developer of warehouses, and Jacksonville, Florida, real estate investment trust bonds Regency Centers Corp. REIT securities sold by the owners of shopping centers and office owners widened 9 basis points, or 0.09 percentage points in June, more than any other debt, and continued to rise this month, according to the Bank of America Merrill Lynch index.
"The bonds have lost the real estate market as the global economic recovery is weak," said Ivan Comerma, who manages about 3 million euros (3.8 billion), head of capital markets at Bank International Bank Andorra Mora, said that to avoid the debt that the global financial crisis in 2007. "It's hard to know whether the housing sector will start to turn the corner .."
Average spreads on housing bonds widened to 236 basis points above the benchmark government debt since July 2, near the largest circulation in the six months to 223 basis points in late May, Merrill Bank of America Corporate Lynch Global Real Estate Index shows. Global investment bank in broad market index. note extends business rose 4 basis points to 197 basis points over the same period, according to the U.S.
Real estate investment trusts, or REITs, which represents 17 percent of the bonds of Merrill Lynch Bank of America Global Corporate Real Estate Index. These trusts, which operate retail, office and industrial buildings, tend to outperform the broader market where financial markets are volatile, Craig Guttenplan, an analyst at CreditSights Inc., wrote in an email response to questions.
The extra yield on the 5.75 percent bond due 2016 sold by ProLogis Denver-based real estate company expanded 102 basis points to 477 basis points in June, while the margin of Regency Centers hundred notes maturing 6.75 in 2012, an increase of 75 basis points to 295, according to Bank of America Merrill Lynch index.
The underperformance on the property six months following the links if the debt to investors perform better than any other sector. Takes note of the goods sold by the companies returned 8.2 percent in the first half, almost double the 4.99 percent paid by other types of corporate debt, Bank of America Merrill Lynch index shows. real estate bonds returned 1.08 percent since May 31 against 1.22 percent for corporate bonds.
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