Internacional

REITs

Vivemos em um mundo globalizado e dinâmico,  onde as mudanças e oportunidades estão por toda parte.

Estamos aqui no Blog, sempre ligados nas tendências e a mais recente são as oportunidades de investimento fora do país.

Também buscamos atender sempre às solicitações dos amigos e esta foi com certeza a mais recorrente nos últimos dias.

Global

Vejo fundos de investimento sendo criados, focados no mercado externo, vejo a discussão cada vez mais incidente sobre os REITs ( os FIIs americanos ), vejo uma preocupação cada vez maior com o intervencionismo do governo e grandes investidores optando por ações de empresas em outros países.

São preocupações justificadas?  Saberemos aqui 😀

REITS

Se mais alguém tiver interesse por REITs (Real Estate Investment Trust ou FIIs americanos) e puder complementar …

Basicamente são de 3 tipos:

Os de Hipoteca (Mortgage), os de Investimento (Equity REITs) e os Híbridos (uma mistura dos dois).

Mortgage REITs: possuem retornos maiores, devido ao risco maior a que se expõem. Quem lembra da crise recente, as hipotecas são justamente onde o fato explodiu. São equivalentes aos financiamentos, podem proporcionar grandes retornos ou grandes perdas.

Equity REITs: esses seriam os mais próximos que temos em relação aos nossos FIIs, onde o objetivo é a exploração do imóvel para aluguel e obtenção de renda.

Hybrid REITs: Mais ou menos um FII de FIIs de lá, onde ambos os tipos são mesclados, aproveitando o que de melhor cada um tem e tentando minimizar o que há de pior (risco).

o recebimento dos rendimentos também é bem complicadinho; aqui nosso rendimento é isento e divididos em Amortização ou Rendimento. Lá existe um terceiro tipo que separa o ganho de capital ( Rendimento de Aluguel, Amortização e Ganho de Capital ).

o imposto depende da sua renda.

Mais informações:

http://www.investopedia.com/terms/r/reit.asp

http://www.reit.com

http://us.spindices.com/indices/equity/sp-united-states-reit-us-dollar

Tributos Envolvidos

http://seekingalpha.com/article/1233411-understanding-the-taxation-of-reit-distributions

Lista de REITS

http://www.reit.com/Investing/ListofREITFunds/MutualFunds.aspx

Busca de Dividendos

http://www.dividend.com

http://www.dividendchannel.com/slideshows/?slideshow=mreits&page=1

* Contribuição do amigo Eric:

“eu vejo nesse site http://www.dividend.com, como por exemplo o OLP http://www.dividend.com/dividend-stocks/financial/real-estate-development/olp-one-liberty-properties/ tem os rendimentos recentes e para quem paga tem o histórico.”

* Contribuição do XReis:  Top REITs

http://money.usnews.com/funds/etfs/rankings/real-estate-funds  

* Contribuição do Trix

O que qualifica uma empresa como um REIT?

• Invistir em pelo menos 75 % de seus ativos totais no setor imobiliário;
• Deduzir pelo menos 75 % de sua receita bruta de aluguéis de imóveis, juros sobre hipotecas de financiamento imobiliário ou de venda de imóveis;
• Pagar pelo menos 90 % de sua renda tributável na forma de dividendos aos acionistas em cada ano como, resultado, REITs não podem geralmente deixar de distribuir seus ganhos;
• Ser uma entidade que é tributável como uma corporação;
• Ser gerida por um conselho de diretores ou administradores;
• Ter um mínimo de 100 acionistas e não ter mais de 50 % de suas ações detidas por cinco ou menos pessoas.

Anúncios

843 comentários sobre “Internacional

  1. Três principais empresas de REIT em Torres de Celular nos EUA a American Tower, a Crown Castle e a SBA Communications estão se beneficiando de usuários de telefone celular com fome de dados – e todos estão esperando mais do mesmo no futuro. Aqui está um breve resumo de cada empresa:

    Empresa
    Simbolo
    Valor Mercado
    Receita(2015)
    Torres (própria,alugada)

    American Tower
    ( NYSE: AMT )
    US $ 47,95 bilhões
    US $ 4,77 bilhões
    144.000

    Crown Castle
    ( NYSE: CCI )
    US $ 30,93 bilhões
    US $ 3,66 bilhões
    40.000

    SBA Communications
    ( NASDAQ: SBAC )
    US $ 13,86 bilhões
    US $ 1,63 bilhão
    30.000

    Curtir

  2. Spoiler alert: REITS have outperformed stocks for the past 50 years
    Published: Nov 1, 2018 10:48 a.m. ET By Brett Arends Columnist
    REITS have had remarkably consistent returns

    As stock markets tumble around the world, here’s something your money guy may not have told you: No, stocks may not produce the best long-term returns. That distinction may go instead to real-estate investment trusts, or REITS.
    kidding.
    Real-estate investments overall have beaten stocks by more than a full percentage point per year, on average, since 1960, according to recent analysis conducted by researchers in the Netherlands.
    In “Historical Returns of the Market Portfolio,” issued last year, researchers Laurens Swinkels of Erasmus University, Rotterdam, Trevin Lam of Rabobank, and Ronald Doeswijk, looked at the performance of worldwide financial assets for the modern era, from 1960 to 2015.
    During that time real-estate investment companies and trusts have beaten inflation by an average of 6.43% a year, compared to 5.45% a year for global stocks.
    Over an investment period of, say, 20 years, that gap would be enough to raise your total returns by a third.
    Real estate beat stocks during recessions and economic expansions and during periods of rising inflation and falling inflation, the researchers found.
    While real estate’s returns were slightly more varied than those of the global stock market, it’s hard to argue from the data that it’s a riskier asset. Its worst year wasn’t quite as bad as that of stocks, its best year was better than the best year for stocks, and during all that time it had fewer really bad years, meaning years when you lost more than 10%.
    (Among the other two major asset classes studied by researchers, incidentally, non-government bonds have earned 3.5% a year and government bonds 3.06%.)
    Real estate’s returns per decade have been remarkably consistent, too. From the 1960s till recently, they’ve had only one really bad decade: The 1990s, when real returns were barely above zero. (And that, in turn, marked the reversal of the 1980s mania, especially in Japan.)
    Other than that, real estate has produced real returns in each calendar decade of around 6% to 7%, the researchers found.
    By contrast global stocks flopped in the 1970s and again in the zeroes, actually losing ground from 2000 to 2010.
    The global real-estate sector has fallen further than global stocks so far this year, according to data company MSCI MSCI, -1.97% The MSCI World Real Estate Index has fallen 6.5%, compared to 5.05% for the World Stock Index.
    There are three important features of the research that investors need to remember. Firstly, the study related to global assets, not simply those in the U.S. Investors hoping to capitalize on these findings need to invest in global REITs. (Such as, for example, the iShares Global REIT exchange-traded fund, iShares Global REIT ETF REET, +0.94%
    Secondly, the study focused only on listed commercial real estate. Private residential real estate — the value of your home — is a separate matter. In countries like the U.S. and the U.K. the majority of residential homes are owned by their occupants. Thirdly, as with all investment research, the past may be a guide to the future but is not a guarantee.
    Nonetheless it makes a strong case for adding more REITs to our portfolios.

    Curtido por 2 pessoas

  3. Olá TRIX.
    Tenho conta em corretora grande do Brasil que me disse conseguir comprar REITS que tenham ADR…
    Procede? Vc sabe de algum REIT que tenha isto ou onde devo procurar esta info? Eu procurei e de início não achei…
    OBrigado!

    Curtido por 1 pessoa

  4. Investing in Real Estate to Survive a Bear Market
    David Flores Wilson, CFP®, CFA, CDFA®, CCFC |October 5, 2018
    With the S&P 500 near all-time highs, and the stock market experiencing the longest bull market in history, many investors are anxious. As a result, some of them are looking at residential real estate investments to protect themselves from a potential upcoming bear market.
    High-quality bonds have historically provided a natural hedge for a market sell-off (Barclays Aggregate Bond Index has produced positive returns in each of the S&P 500’s six negative calendar years since 1980). The bond index was up 5.2% in 2008 when the S&P 500 sold off 37% as a result of the housing/credit crisis. With interest rates on the rise and inflation creeping into the economy, many investors are wondering if allocating more capital to residential real estate is the best way to survive a potential bear market.
    Real Estate in Bear Markets
    Comparing residential real estate performance with the stock market in different historical periods provides some clues about whether or not real estate will help protect investments during the next bear market. During the eight bear markets since 1960, the Case-Schiller Home Price Index only had negative returns during one bear market period: the 2007-2009 housing/credit crisis. It’s interesting to note that home prices even went up during periods of high inflation, like the 1980-1982 bear market and 1973-1974 bear market, when the consumer price index (CPI) went up 14% and 20%, respectively.
    Stock Market Versus Real Estate Returns
    Over long periods of time, home prices have tended to follow a relatively predictable return pattern, increasing about 1% more per year than the CPI. The Case-Schiller index has returned 4.1% annually since 1980, compared to 3.1% for the CPI. While the stock market has done much better, returning 8.7% per year since 1980, its performance has varied dramatically. The annual return for the S&P 500 was 4.4%, 1.7%, 12.5%, 15.1%, and -2.5% in the 1970s, 1980s, 1990s and 2000s, versus an annual home price growth of 8.7%, 5.9%, 2.7%, and 3.9% in those same years. Home price growth has had a significantly lower standard deviation of returns. For example, the standard deviation of the Case-Schiller index is less than 20% of the standard deviation of the S&P 500. (For related reading, see: Understanding the Case-Schiller Index.)
    S&P 500 and Case-Schiller: An Imperfect Comparison
    While the data shows us real estate still performs well in bear markets and experiences less volatility in its returns, drawing conclusions from the S&P 500 and the Case-Schiller Home Index presents some issues. The housing return data doesn’t include rent on a home, so comparing the total returns between the S&P 500 and Case-Schiller is imperfect.
    Real estate’s low volatility may be overstated due to the higher transacation costs and the period of time it takes to convert a property into cash. Since buying and selling real estate costs so much in terms of time and transaction costs, real estate investors don’t trade as often as stock investors do, and they are less likely to engage in irrational and impulsive buy-and-sell decisions.
    Stock investors have the ability to sell their securities with the click of a button, and at a low cost. This ease of selling means stock investors can quickly fall victim to emotional investing. They are more likely to buy at market tops as a result of greed, and sell at market bottoms because of fear. This emotion-driven market timing causes investors to dramatically underperform the indexes, as evidenced in the 2017 Dalbar study which concluded that equity investors underperform stock indexes by 2.9% annually over a 20-year period. If investors were able to buy and sell individual real estate properties on a public exchange without high transaction costs, there would likely be much higher volatility in returns. (For related reading, see: Financial Markets: When Fear and Greed Take Over.)
    Price Anchoring to Avoid a Loss
    The return data for the Case-Schiller Home Index over short periods of time is also questionable. For example, there’s a tendency for investors who want to sell in a down market to “anchor” the price they want to sell at to a level that is above their original purchase price. They may also try to avoid taking a loss by delaying selling until the recessionary period is over, and they’re more likely to sell the property for more than they paid initially. This can create an artificial floor in real estate prices and skew the return data. Since the Schiller-Case data is based on actual sales, a real estate downturn and lower housing demand won’t show up in the data unless a sale is actually made.
    Scenarios When Real Estate and Bear Markets Work
    Real estate most likely will not sidestep an entire bear market, but it can definitely benefit investors during a downturn in certain scenarios. If a bear market coincides with a period of a high inflation like it did in the 1970s, real estate is probably a good bet. Bonds, which most people use as a hedge against a bear market, performed very poorly during the 1970s.
    If you know you’re the type of investor who reacts emotionally during a market downturn, and as a result experience poor market timing and underperformance, real estate may make sense for you. The high transaction costs and barriers to selling will help you stay invested and earn better returns in the long run.
    Maximizing Your Returns
    When it comes to real estate investing, it’s important to clearly articulate your investment plan and understand the competitive advantage you have to execute that plan. There are a lot of ways to make money in real estate, and the most successful investors know what their edge is and how to maximize it. For some investors, their edge could be a lower cost of financing, while for others it could be be identifying areas with surging demographic trends before other investors drive up prices. (For related reading, see: Making Money in Residential Real Estate.)
    For example, your real estate investment plan may include taking advantage of positive demographic trends: an area with a lot of new businesses and job creation can help the real estate market in the short and long term. (For example, markets like Denver, Nashville and Austin). While real estate has performed well during recessions in the past, prices and valuation matter. In 2018, the Case-Schiller Home Index is 10% higher than it’s pre-housing crisis peak in July 2006. Finding a property that has good growth potential and a high level of income relative to price is increasingly important whenever there are market peaks.
    Trend Forecasting Is Challenging in Real Estate
    Real estate performance is local, so it can be difficult to forecast overall trends and returns for real estate. There’s wide dispersion for real estate returns depending on the area, property type, neighborhood, etc. For example, the Washington, DC residential real estate market continued to expand in the years after the 2008 financial crisis due to massive government spending and strong job growth in the government sector. On the other hand, the Miami condo market contracted sharply during this time. Property types react very differently to a bear market.
    Vacation homes and the ultra-luxurious sectors are likely to contract greater than the typical residential property. A shrewd real estate investor can increase his or her chances of side-stepping a bear market by picking the right properties.
    Don’t Drastically Change Your Portfolio in Preparation for a Correction
    Before doing something drastic, like trying to time a bear market by re-allocating the bulk of your investment portfolio into real estate, it’s important to recognize that market corrections and bear markets are normal. There have been 29 market corrections (declines of 10%) and bear markets (declines of 20%) since 1960. Drawing on historical data, investors can expect a 10% selloff every 2.8 years and a 20% selloff every 7.3 years. And while there have been five market corrections since the last bear market (2007-2009), bear markets should not be feared.
    The patient investor will continue to make money in the market over long periods of time. Patience is a better indicator for investing success than market timing.

    Curtido por 2 pessoas

  5. Pessoal, gostaria dos comentários dos colegas sobre um assunto, venho acompanhando o mercado imobiliário americano para alocação em Reits, porém observando o iShares Dow Jones US Home Const. verifiquei uma queda de 28,66% neste ano, considerando aumento da taxa de juros e redução das vendas de moradias vocês acham que isso possa afetar os Reits, como próximo fator?
    Outro ponto interessante, que gostaria de comentários é com relação a taxa de juros e inflação nos EUA, supondo que os juros e a inflação subam mais 1% até o segundo semestre de 2019, seria uma tendencia a redução do preço dos ativos já que os atuais 4 a 5,5% de Dy seriam em termos reais bem abaixo do inicio de 2.018.

    Curtir

    • amaralneto,
      iShares Dow Jones US Home pode afetar mais os REITs que atuam no setor de moradia.
      No segundo ponto, se a inflação continuar pressionada, sinal de economia aquecida, o preço dos ativos reais tenderiam a subir, já as cotações dos ativos financeiros, inclusive os REITs ficariam pressionadas a ajustar seus DYs pelo preço.

      Curtido por 1 pessoa

  6. Industrial REITs Boosted by Logistics Demand
    9/12/2018 | By Sarah Borchersen-Keto
    REIT magazine: September/October 2018

    Industrial REITs own a variety of types of warehouse properties that support the global supply chain for the manufacture, storage, and shipment of goods. Of particular note is the rapid growth of logistics facilities used for the delivery of products bought on the internet.
    Demand for logistics real estate has surged with the growth of e-commerce. Net absorption has been more than double over the past two years compared to the average pace of six years ago, according to data from CoStar. New facilities currently under construction equal 2 percent of the existing stock, a rapid pace of growth that is barely able to keep up with demand.
    These favorable fundamentals have lifted occupancy rates of properties owned by industrial REITs to 96.9 percent, the highest among the REIT property types, according to the Nareit T-Tracker®. Occupancy has surged from 93 percent five years ago.
    Solid demand in a tight market has boosted rents. Rent growth for the national logistics sector has remained above 6 percent for the past four years, according to CoStar.
    Investors have benefited from the strong operating performance. Total return to investors averaged 20.9 percent over the past three years. These gains included price increases averaging 16.8 percent as well as income from a dividend yield greater than 3 percent.

    Curtir

  7. Caiu tudo no mundo todo hoje… DJI -3% … S&P 500 -3.5% … NSADAQ -4.5% … TXS -3% … mas a culpa deve ser … de acordo com o jornal OGLOBO … da declaração do Bolsonaro sobre a parcial privatizaçÃo da ELET3. kkkkk Piada essa mídia: Por analogia, quando subiu ontem, ele disse o quê ? Ele nem disse nada … O pior é que … sempre foi assim, ainda sou da época que conhecia #FakeNews como #Factóide (lembram dele no RJ ?),mas só agora está enchendo mesmo o s-a-c-o!!!

    Curtir

  8. PessoALL … para se pensar: Lá fora, pelo que observo e me cativa, são REITs de qualidade que oferecem seus 4 a 6% a.a. de DIV YIELD. Levando-se em conta uma inflaçÃo de país desenvolvido em torno de seus 2% … temos que o retorno de um REIT, se comparado com o índice de inflação, é algo 2x a 3x maior. Tropicalizando o raciocínio, temos que um retonro esperado no Brasil pode ser balizado como sendo (considerando uma inflação entre 4 – 6%, na média seus 5% … ) algo em torno de 10% – 15%. Menos ou mais… eu já começo a ficar com a pulga atrás da orelha …

    Curtido por 2 pessoas

    • São muitas as vantagens de investir em REITs sobre os FIIs , tamanho dos fundos, estabilidade da economia, manter o capital em moeda forte , manter o patrimônio fora do Brasil, em contra partida os rendimentos são distribuídos trimestralmente e olho vivo no grau de alavancagem do fundo pois lá eles podem trabalhar alavancados.

      Curtido por 1 pessoa

  9. Para os interessados e curiosos de plantão, sugiro se familiarizarem com o REIT Canadense DREAM. Cada ramo de negócio possui seu próprio REIT dedicado, a saber:

    1. Dream Office REIT (D.UN) – Lajes corporativas

    2. Dream Industrial REIT (DIR.UN) – Galpões logísticos e Industriais

    3. Dream Global REIT (DRG.UN), e – Lajes Corporativas na Europa

    4. Dream Alternatives REIT (DRA.UN) – Empreeendimentos Imobiliários diversos

    Esse último, muito similar ao nosso MFII11. Uma empresa de REIT, vários segmentos. Excelente!!

    Curtido por 2 pessoas

      • Tenho, sim – mas pouco quando comparado a outros REITs. A empresa gestora do REIT é conhecida… vai no wikipedia que tem muita informação sobre o histórico da empresa. O grande problema dela é que tinha muita exposição na área petrolífera do Oil Sands, na provincia de Alberta (lajes corporativas na cidade de Calgary). Qdo a creise de 2008 veio … a empresa precisou rever seus planos. A cotação tem se recuperado muito desde então. O DRG.UN são lajes corporativas na Alemanha.

        Curtido por 1 pessoa

Não postar Links, nem referências à sites Externos, Emails, Telefones.

Preencha os seus dados abaixo ou clique em um ícone para log in:

Logotipo do WordPress.com

Você está comentando utilizando sua conta WordPress.com. Sair /  Alterar )

Foto do Google+

Você está comentando utilizando sua conta Google+. Sair /  Alterar )

Imagem do Twitter

Você está comentando utilizando sua conta Twitter. Sair /  Alterar )

Foto do Facebook

Você está comentando utilizando sua conta Facebook. Sair /  Alterar )

Conectando a %s