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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

Global Real Estate Securities investments are managed by Timbercreek Investment Management Inc.