In a world where technology surpasses natural abilities, an explorer (Taylor) has a promising life until a mysterious villain seeks to destroy his life. But he teams up with Rose (Shears), a tough and beautiful rogue, and together they embark on a dangerous journey across the ruins of a ruined world. This movie is based on a video game that became popular in the early 21st century.Breadcrumb
Press Releases
February 14, 2017
REITs Gain Fueled by Continued Portfolio Turnover
Real estate investment trust (REIT) net inflows reached a new record high in 2016, according to a recent report from New York-based real estate research firm, Real Capital Analytics (RCA). RCA’s Realty Income (NYSE:O) report showed $1.1 billion of net inflows into the REIT sector through December. The $1.1 billion represents the largest net inflows of the year and was well ahead of the $708.4 million recorded in 2015.
“REITs were unable to recover any lost ground from 2016’s third quarter,” said Matthew Speakman, RCA’s Head of REIT Research. “However, REITs are clearly showing signs of recovering. During the fourth quarter of 2016, REITs lost the majority of the market-wide net outflows that we witnessed during the third quarter. Meanwhile, net inflows into the sector were stronger in the fourth quarter, with positive returns continuing to fuel new investment.”
Both RCA’s and Fitch Ratings’ 2016 full-year year-end rating actions reinforced this sentiment, with RCA downgrading four REITs (Boston Properties, Hilton, Starwood and UDR) and Fitch downgrading two (UDR and Global MSCI AC). In addition to the overall downgrades, RCA downgraded Starwood (RST) and UDR (UDR) due to weak capitalization, and Global MSCI downgraded MSCI NYSE-listed AC (MEX) due to its weak free cash flow generation.
In addition to RCA’s rating actions, Fitch also downgraded UDR and MSCI AC due to weak capitalization. The continued momentum of net REIT flows and the fact that REITs now have one fewer year of negative free cash flows—and an improved ‘R’ rating be359ba680
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