Rising U.S. Treasury yields caused the Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) total return for 4Q 2024 to drop to -1.05%. Income return, as usual, was fairly steady, coming in at 1.24% compared with 1.16% in 3Q. Yield increases led to a -2.29% capital-value return. Credit effects had a slight effect. Most of the decline reflected loan values being marked to align with market yields.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) generated 4.63% total return for 3Q 2024.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) posted 1.10% total return for 2Q 2024.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) generated 0.29% total return for 1Q 2024.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) posted a 4.59% total return, its strongest quarterly result since 2Q 2010.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) declined again in 3Q 2023. A sharp rise in yields pushed values lower, resulting in -1.36% total return.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) posted a -0.74% total return in 2Q 2023.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) posted a 3.13% total return in 1Q 2023.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) moved back into positive return territory in 4Q 2022, posting 1.22% total return.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) produced a -4.07% total return for 3Q 2022. Download the complete results below.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) produced a -1.94% total return for 2Q 2022. Download the complete results below.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) posted a -4.41% total return for 1Q 2022. Download the complete results below.
The Giliberto-Levy Commercial Mortgage Performance Index (G-L 1) generated 0.28% total return for 4Q 2021. Total return consisted of 0.94% income return and -0.66% capital value return, which includes price changes and other factors. Download the complete results below.
The G-L 1 posted a 0.42% total return for 3Q 2021. Total return consisted of 0.94% income return and -0.52% capital value return. Rising Treasury yields caused most of the capital value return. Download the complete results below.
The G-L 1 generated 2.45% total return for 2Q 2021. Total return consisted of 0.97% income return and 1.47% capital value return. Declining Treasury yields produced most of the capital value return. Download the complete results below.
The G-L 1 posted a -1.22% total return for 1Q 2021. Total return consisted of 0.95% income return and -2.17% capital value return. Sharp increases in Treasury yields caused the capital value hit. Download the full results below.
The G-L 1 generated 1.16% total return for 4Q 2020. Fourth quarter spreads declined about 25 basis points (bp) for major sectors. Download the results below.
The G-L 1 produced 1.74% total return for 3Q 2020. Third quarter spreads declined about 20-25 bps. Download the results below.
The G-L 1 rebounded strongly in 2Q 2020, generating 4.27% total return. Download the results below.
The G-L 1 started Q1 2020 on an upbeat note, generating positive returns in January and February. Download the results below.
The Giliberto-Levy High-Yield Real Estate Debt Index or G-L 2 posted 2.53% total return in 3Q 2024, compared with 1.06% (revised) reported for 2Q 2024.
The Giliberto-Levy High-Yield Real Estate Debt Index or G-L 2 posted 1.07% total return in 2Q 2024, compared with 1.95% (revised) reported for 1Q 2024.
The Giliberto-Levy High-Yield Real Estate Debt Index or G-L 2 generated a 1.86% total return in 1Q 2024, up a bit from 1.75% (revised) reported for 4Q 2023.
The Giliberto-Levy High-Yield Real Estate Debt Index or G-L 2 posted a 1.62% total return in 4Q 2023, rebounding from 0.96% (revised) reported for 3Q.
3Q 2023 total return for the Giliberto-Levy High-Yield Real Estate Debt Index or G-L 2 slumped to 0.92%, down from 2Q’s 1.99%.
2Q 2023 total return for the Giliberto-Levy High-Yield Real Estate Debt Index or G-L 2 was 1.99%, an increase from 1.10% posted in 1Q 2023.
1Q 2023 total return was 1.10% compared with last quarter’s 1.83%.
4Q 2022 total return was 2.32% compared with last quarter’s 1.99%.
3Q 2022 total return was 2.03%, gaining some from last quarter’s 1.94%.
2Q 2022 total return came in at 1.73%, a bit above last quarter’s 1.66%. Click below to download the full results.
1Q 2022 total return was 1.66%, slightly less than the prior quarter’s 1.72%. Click below to download the full results.
4Q 2021 total return was 1.60%. This was less than last quarter’s 1.92%. Click below to download the full results.
3Q 2021 total return was 1.90%. This was consistent with last quarter’s 1.88%. Click below to download the full results.
2Q 2021 total return was 1.93%, on par with 1.87% generated in 1Q 2021. Click below to download the full results.
1Q 2021 total return was 1.87%, a decline from 2.12% posted for 4Q 2020. Click below to download the full results.
Total return performance improved considerably, with the index posting a 2.12% total return for 4Q 2020. Click below to download the full results.
Total return for 3Q 2020 came in at 0.54% compared with 2Q 2020’s 1.72%. Click below to download the results.
