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Timbercreek U.S. REIT Preferred Fund

Manager Commentary

The Timbercreek U.S. REIT Preferred Fund is pleased to provide you with a quarterly update which highlights the Fund's performance, portfolio changes and includes a quarterly market commentary from the Portfolio Manager.

Q2 2017 – Market Commentary Highlights

  • Favourable capital market dynamics and low interest rates positively influenced real estate transaction activity during the quarter 
  • REIT preferred shares generated a positive total return driven by steady operating results and improving economic trends in the U.S.
  • The Fund generated a positive 0.8% total return on a net basis 
  • Increased exposure to office, data centres and self-storage REITs and decreased exposure to regional malls, manufactured home and healthcare REITs
  • REIT preferred shares remain well positioned to thrive in a market where yields remain relatively stable, growth remains slow and the desire for income remains high

For further commentary, please click on the link below.

Quarterly Manager Commentary