Richmond, Va. – John B. Levy & Company released the Giliberto-Levy Monitor for the third quarter of 2018, reporting that commercial mortgage investments posted a 0.17 percent total return for the period.
Published quarterly, the Giliberto‐Levy Monitor highlights the results of the Giliberto‐Levy Commercial Mortgage Performance Index (G-L 1) and offers in‐depth market analysis and commentary on important aspects of the commercial mortgage industry. It provides income, price, total returns and spreads for office,
Richmond, Va. – John B. Levy & Company has published its Giliberto-Levy Monitor for the second quarter of 2018, posting a 0.61% total return for commercial mortgage investments during the period.
That figure represented a nearly 100-basis point (bp) turnaround from the first quarter’s -0.38% outcome. Income return at 1.09% was 1 bp higher than the prior quarter, while capital values continued to fall in response to rising Treasury yields, dropping 0.47%.
Over the last four quarters,
Richmond, Va. May 22, 2018 – John B. Levy & Company has released the Giliberto-Levy Monitor for the first quarter of 2018, with insight into commercial mortgage investments that posted -0.38 percent total return for the period.
Noting that rising treasury yields drove the slightly negative total return, the report also highlighted that income return at 1.08 percent was unchanged from the prior quarter, while capital values declined by 1.46 percent. Over the last four quarters,
John B. Levy & Company published the Giliberto-Levy Monitor for the fourth quarter of 2017, revealing that commercial mortgage investments totaled their highest full-year return since 2014. Despite subdued performance for the fourth quarter, 2017 was the first time in three years all four quarters posted positive total returns.
In a piece for CRE Finance World, Yardi Matrix Director of Research Paul Fiorilla touts the new Giliberto-Levy High-Yield Debt Index, also known as the G-L 2. “Whether lenders have learned the lessons of the last cycle or will gradually write more aggressive loans is to be determined,” Fiorilla writes. “Whatever happens, though, for the first time there will be a way to measure what happened and why, and the impact in the high-yield debt market.”