{"id":992659,"date":"2024-08-06T11:02:16","date_gmt":"2024-08-06T08:02:16","guid":{"rendered":"https:\/\/lonca.com\/?post_type=haberler-linkler&p=992659"},"modified":"2024-08-15T08:28:08","modified_gmt":"2024-08-15T05:28:08","slug":"nareit-reit-ve-kuresel-gayrimenkul-performansi","status":"publish","type":"haberler-linkler","link":"https:\/\/lonca.com\/en\/haberler-linkler\/nareit-reit-ve-kuresel-gayrimenkul-performansi\/","title":{"rendered":"NAREIT – REIT ve K\u00fcresel Gayrimenkul Performans\u0131"},"content":{"rendered":"
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REIT performans\u0131,\" 2023 y\u0131l\u0131n\u0131n ortalar\u0131nda Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131klar\u0131n\u0131n (GYO'lar\u0131n) finansal olarak veya borsa performans\u0131 a\u00e7\u0131s\u0131ndan ne kadar iyi bir performans sergiledi\u011fini ifade eder<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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\n\nJohn Worth, \u0130cra Ba\u015fkan Yard\u0131mc\u0131s\u0131, Ara\u015ft\u0131rma ve Yat\u0131r\u0131mc\u0131 \u0130leti\u015fimi, Nareit\nTemmuz 2023\n\n2023’\u00fcn ikinci yar\u0131s\u0131na bakarken, ekonomik ve ticari gayrimenkul (CRE) ortam\u0131n\u0131n, beklenenden daha kal\u0131c\u0131 olan enflasyonist bask\u0131lara kar\u015f\u0131 global merkez bankalar\u0131n\u0131n m\u00fccadelesi taraf\u0131ndan \u015fekillendirilmeye devam edece\u011fini g\u00f6r\u00fcyoruz. Federal Rezerv ve di\u011fer merkez bankalar\u0131 h\u0131zla faiz oranlar\u0131n\u0131 art\u0131r\u0131rken, bu durum resesyon risklerini art\u0131rm\u0131\u015f ve d\u00fc\u015f\u00fck faiz oranlar\u0131na dayanan bankac\u0131l\u0131k, CRE ve \u00f6zel sermaye i\u015f modellerindeki k\u0131r\u0131lma noktalar\u0131n\u0131 ortaya \u00e7\u0131karm\u0131\u015ft\u0131r. REIT’ler y\u00fcksek faiz oranlar\u0131na kar\u015f\u0131 iyi bir \u015fekilde haz\u0131rlanm\u0131\u015f olsalar da, faiz oranlar\u0131ndaki de\u011fi\u015fim ve b\u00f6lgesel ve yerel bankalar\u0131n CRE maruziyeti konusundaki endi\u015feler, i\u015flemleri azaltm\u0131\u015f ve ticari gayrimenkul i\u00e7in bir kredi s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 yaratm\u0131\u015ft\u0131r.\n\nY\u0131l\u0131n ikinci yar\u0131s\u0131nda, Fed’in federal fon oran\u0131n\u0131 korumas\u0131n\u0131 ve b\u00fcy\u00fck olas\u0131l\u0131kla art\u0131rmas\u0131n\u0131 bekliyoruz, ta ki daha d\u00fc\u015f\u00fck enflasyon oranlar\u0131na dair anlaml\u0131 kan\u0131tlar g\u00f6rene kadar. \u00d6n\u00fcm\u00fczdeki aylarda enflasyon oranlar\u0131n\u0131n devam eden bir \u015fekilde d\u00fc\u015fece\u011fine dair baz\u0131 umut verici i\u015faretler olsa da, y\u00fcksek k\u0131sa vadeli ve uzun vadeli faiz oranlar\u0131, bunun sonucunda ortaya \u00e7\u0131kan ekonomik duraklama ve CRE riskleri, 2023’\u00fcn ikinci yar\u0131s\u0131n\u0131n belirleyici \u00f6zellikleri olacak gibi g\u00f6r\u00fcn\u00fcyor.\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Amerika Birle\u015fik Devletleri Ekonomik Belirsizlikleri: Enflasyon ve Faiz Oranlar\u0131 Y\u00fckseliyor<\/h3>\n
\n\nREIT’ler, sermaye piyasas\u0131 belirsizlikleri ve ipotek piyasas\u0131 karga\u015fas\u0131ndan etkilenmemi\u015f olmasalar da, sa\u011flam operasyonlar\u0131, g\u00fc\u00e7l\u00fc bilan\u00e7o yap\u0131lar\u0131 ve sermaye piyasalar\u0131nda ba\u015far\u0131l\u0131 \u00f6zsermaye ve teminats\u0131z bor\u00e7 ihrac\u0131 ile devam etmektedirler.\n\n<\/div>\n
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REIT Performans Analizini Okuyun<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\n\nCRE ve REIT’lerin analizimiz<\/a>, REIT ve \u00f6zel gayrimenkul de\u011ferlemeleri aras\u0131ndaki s\u00fcrekli farkl\u0131la\u015fmay\u0131 tart\u0131\u015fmaktad\u0131r. Zamanla, halka a\u00e7\u0131k ve \u00f6zel de\u011ferlemeler aras\u0131ndaki fark kapanacak ve yeni i\u015flemlere dayal\u0131 de\u011ferlemeler bu ayarlama s\u00fcrecinin zaten ba\u015flad\u0131\u011f\u0131n\u0131 g\u00f6stermektedir. Ancak, bir\u00e7ok sekt\u00f6rde i\u015flemlerin yava\u015f temposu g\u00f6z \u00f6n\u00fcne al\u0131nd\u0131\u011f\u0131nda, ayarlama s\u00fcreci 2024’e kadar uzayabilir. Bu uzun s\u00fcreli ayarlama d\u00f6nemi, sinir bozucu olabilirken, ayn\u0131 zamanda kurumsal yat\u0131r\u0131mc\u0131lar i\u00e7in REIT’leri gayrimenkul stratejilerine eklemek i\u00e7in cazip bir giri\u015f noktas\u0131 yarat\u0131r. \u00c7\u00fcnk\u00fc REIT’ler y\u00fcksek faiz oranlar\u0131n\u0131 ve daha yava\u015f b\u00fcy\u00fcmeyi anlaml\u0131 bir \u015fekilde fiyatlam\u0131\u015f durumdalar ve bu ayarlama d\u00f6nemlerinde tarihsel olarak hem mutlak hem de g\u00f6reli olarak daha iyi performans g\u00f6stermi\u015flerdir.\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\n\nABD halka a\u00e7\u0131k REIT’leri mevcut ekonomik belirsizlikler ve ipotek piyasas\u0131 karga\u015fas\u0131ndan etkilenmi\u015f olabilir, ancak REIT bilan\u00e7o ve bor\u00e7lar\u0131n\u0131n incelemesi, REIT’lerin g\u00fc\u00e7l\u00fc bilan\u00e7o yap\u0131lar\u0131 nedeniyle mevcut y\u00fcksek faiz ortam\u0131n\u0131 ge\u00e7mek i\u00e7in iyi bir konumda olduklar\u0131n\u0131 g\u00f6stermektedir. Tarihsel olarak d\u00fc\u015f\u00fck seviyelere yak\u0131n kald\u0131klar\u0131 ve genellikle sabit oranl\u0131 bor\u00e7la finanse edildikleri g\u00f6r\u00fclmektedir. Bu, REIT’lerin mevcut faiz giderlerini olduk\u00e7a y\u00f6netilebilir k\u0131lmaktad\u0131r. 2023’\u00fcn ilk yar\u0131s\u0131nda, teminats\u0131z bor\u00e7 ihrac\u0131nda bir yeniden do\u011fu\u015f ya\u015fand\u0131 ve bankac\u0131l\u0131k finansman\u0131n\u0131n k\u0131s\u0131tl\u0131 olabilece\u011fi belirtilse de, teminats\u0131z bor\u00e7 piyasalar\u0131 REIT’ler i\u00e7in a\u00e7\u0131k ve kullan\u0131labilir durumda olup, bu durum \u00f6zel gayrimenkul piyasas\u0131nda bir\u00e7ok rakiplerine k\u0131yasla \u00f6nemli bir rekabet avantaj\u0131 sa\u011flayabilir.\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\u00c7e\u015fitlendirme F\u0131rsatlar\u0131: K\u00fcresel Gayrimenkul Performans\u0131<\/h3>\n
\n\nK\u00fcresel \u00f6l\u00e7ekte, veri merkezleri, sanayi ve kendi kendine depolama, 2023’te en g\u00fc\u00e7l\u00fc performans g\u00f6steren sekt\u00f6rler olmu\u015ftur.\n\n<\/div>\n
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K\u00fcresel Gayrimenkul Analizini Okuyun<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\n\nAmerika Birle\u015fik Devletleri’nde oldu\u011fu gibi, d\u00fcnya genelinde REIT’ler ve listelenmi\u015f gayrimenkuller, y\u00fcksek faiz oranlar\u0131 ve daha yava\u015f ekonomik b\u00fcy\u00fcme beklentilerini fiyatlam\u0131\u015flard\u0131r. 2023 y\u0131l\u0131n\u0131n ortas\u0131na kadar FTSE EPRA Nareit geli\u015fmi\u015f endeksi, daha geni\u015f k\u00fcresel hisse senedi endeksinin neredeyse 13 puan gerisindedir. Endeks serilerini olu\u015fturan \u00fclkelerin, b\u00f6lgelerin ve sekt\u00f6rlerin performans\u0131 homojen bir \u015fekilde davranmamaktad\u0131r. K\u00fcresel listelenmi\u015f gayrimenkul getirilerinin g\u00f6zden ge\u00e7irilmesi<\/a>, bu \u00f6nemli farkl\u0131l\u0131klar\u0131 vurgular ve yat\u0131r\u0131mc\u0131lara \u00f6nemli \u00e7e\u015fitlendirme f\u0131rsatlar\u0131 sunabilir.\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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REIT Trendleri: Aktif Y\u00f6netilen Gayrimenkul Fonlar\u0131n\u0131n Sekt\u00f6r A\u011f\u0131rl\u0131klar\u0131<\/h3>\n
\n\nAktif olarak y\u00f6netilen fonlar, REIT piyasa de\u011ferinin %7’sini temsil eder ve birle\u015fik gayrimenkul ve \u00f6zsermaye yat\u0131r\u0131m uzmanl\u0131klar\u0131 ve analizleri nedeniyle REIT’lerin uzun vadeli ba\u015far\u0131s\u0131nda \u00f6nemli bir rol oynam\u0131\u015flard\u0131r.\n\n<\/div>\n
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Y\u00f6netilen Fon Analizini Okuyun<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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\n\nY\u0131l\u0131n ba\u015f\u0131nda, 2023 REIT G\u00f6r\u00fcn\u00fcm\u00fc<\/a> raporumuz, REIT’lerin yeni ve geli\u015fen gayrimenkul sekt\u00f6rlerine, k\u00fcresel gayrimenkule ve en iyi ESG performans\u0131na eri\u015fim sa\u011flama konusundaki liderliklerini ve bu \u00f6zelliklerin kurumsal yat\u0131r\u0131mc\u0131lar\u0131 REIT’leri gayrimenkul portf\u00f6ylerini “tamamlamak” i\u00e7in kullanma e\u011filiminde olduklar\u0131n\u0131 inceledi. Bu raporda, ayn\u0131 d\u00f6nemde b\u00fcy\u00fck aktif olarak y\u00f6netilen REIT fonlar\u0131n\u0131n yat\u0131r\u0131m stratejelerinin nas\u0131l evrildi\u011fini inceliyoruz. Analiz, REIT y\u00f6neticilerinin, ofis maruziyetini azalt\u0131rken, yeni ve geli\u015fen sekt\u00f6rlere y\u00f6nelerek end\u00fcstriyel ve konut sekt\u00f6rlerinde a\u011f\u0131rl\u0131klar\u0131n\u0131 koruduklar\u0131n\u0131 g\u00f6stermektedir.\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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“REIT nedir?”<\/strong><\/p>

REIT’ler, ya da gayrimenkul yat\u0131r\u0131m ortakl\u0131klar\u0131, \u00e7e\u015fitli gayrimenkul sekt\u00f6rlerinde gelir getiren gayrimenkullere sahip olan veya bu gayrimenkulleri finanse eden \u015firketlerdir. Bu gayrimenkul \u015firketlerinin REIT olarak nitelendirilebilmesi i\u00e7in belirli bir dizi gereksinimi kar\u015f\u0131lamas\u0131 gerekir. \u00c7o\u011fu REIT, b\u00fcy\u00fck borsa piyasalar\u0131nda i\u015flem g\u00f6r\u00fcr ve yat\u0131r\u0131mc\u0131lara \u00e7e\u015fitli faydalar sunar.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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“Neden REIT’lere Yat\u0131r\u0131m Yapmal\u0131?”<\/strong><\/p>

REIT’ler, tarihsel olarak y\u00fcksek, istikrarl\u0131 temett\u00fc gelirine ve uzun vadeli sermaye de\u011fer art\u0131\u015f\u0131na dayal\u0131 olarak rekabet\u00e7i toplam getiri sa\u011flam\u0131\u015ft\u0131r. Di\u011fer varl\u0131klarla olan nispeten d\u00fc\u015f\u00fck korelasyonlar\u0131, onlar\u0131 m\u00fckemmel bir portf\u00f6y \u00e7e\u015fitlendiricisi yapar, bu da genel portf\u00f6y riskini azaltmaya ve getirileri art\u0131rmaya yard\u0131mc\u0131 olabilir. Bunlar, gayrimenkul yat\u0131r\u0131mlar\u0131n\u0131n \u00f6zellikleridir.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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“Nareit Hakk\u0131nda”<\/strong><\/p>

Nareit, ABD gayrimenkulleriyle ilgilenen GYO’lar ve gayrimenkul \u015firketleri i\u00e7in d\u00fcnya \u00e7ap\u0131nda temsilci bir ses olarak hizmet vermektedir. Nareit’in \u00fcyeleri, d\u00fcnya \u00e7ap\u0131nda gelir getiren gayrimenkullere sahip olan, i\u015fleten ve finanse eden GYO’lar ve di\u011fer gayrimenkul \u015firketleridir. Ayr\u0131ca, bu i\u015flere dan\u0131\u015fmanl\u0131k yapan, inceleyen ve hizmet veren firmalar ve bireyler de bu kapsamdad\u0131r.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

REIT performans\u0131,” 2023 y\u0131l\u0131n\u0131n ortalar\u0131nda Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131klar\u0131n\u0131n (GYO’lar\u0131n) finansal olarak veya borsa performans\u0131 a\u00e7\u0131s\u0131ndan ne kadar iyi bir performans sergiledi\u011fini ifade eder John Worth, \u0130cra Ba\u015fkan Yard\u0131mc\u0131s\u0131, Ara\u015ft\u0131rma ve Yat\u0131r\u0131mc\u0131 \u0130leti\u015fimi, Nareit Temmuz 2023 2023’\u00fcn ikinci yar\u0131s\u0131na bakarken, ekonomik ve ticari gayrimenkul (CRE) ortam\u0131n\u0131n, beklenenden daha kal\u0131c\u0131 olan enflasyonist bask\u0131lara kar\u015f\u0131 global merkez bankalar\u0131n\u0131n…<\/p>","protected":false},"featured_media":992660,"parent":0,"template":"","haberler-linkler-kategorileri":[260],"class_list":["post-992659","haberler-linkler","type-haberler-linkler","status-publish","has-post-thumbnail","hentry","haberler-linkler-kategorileri-amerikada-gayrimenkul-sektoru-haberleri-linkleri"],"acf":[],"_links":{"self":[{"href":"https:\/\/lonca.com\/en\/wp-json\/wp\/v2\/haberler-linkler\/992659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonca.com\/en\/wp-json\/wp\/v2\/haberler-linkler"}],"about":[{"href":"https:\/\/lonca.com\/en\/wp-json\/wp\/v2\/types\/haberler-linkler"}],"version-history":[{"count":7,"href":"https:\/\/lonca.com\/en\/wp-json\/wp\/v2\/haberler-linkler\/992659\/revisions"}],"predecessor-version":[{"id":993551,"href":"https:\/\/lonca.com\/en\/wp-json\/wp\/v2\/haberler-linkler\/992659\/revisions\/993551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lonca.com\/en\/wp-json\/wp\/v2\/media\/992660"}],"wp:attachment":[{"href":"https:\/\/lonca.com\/en\/wp-json\/wp\/v2\/media?parent=992659"}],"wp:term":[{"taxonomy":"haberler-linkler-kategorileri","embeddable":true,"href":"https:\/\/lonca.com\/en\/wp-json\/wp\/v2\/haberler-linkler-kategorileri?post=992659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}