US REITs & Lodging Fund Flow Insights_ Fund Flows Insights_ Total Weekly Outflows of ~$743m

Summary of US REITs & Lodging Fund Flow Insights Industry Overview - The report focuses on the US Real Estate Investment Trusts (REITs) and lodging sectors, analyzing fund flows and market trends as of December 26, 2024 Key Points Fund Flows - Total estimated weekly outflows from the US market reached approximately $743 million, with a total of $6.9 billion in outflows for 2024 [5][6][24] - US-registered mutual funds reported outflows of about $9.3 billion in 2024, following outflows of $10.7 billion in 2023 and $14.0 billion in 2022 [24] - US-registered ETFs experienced inflows of approximately $2.1 billion in 2024, indicating a mixed performance within the REIT sector [6][24] Japanese Fund Flows - Japanese-registered mutual funds saw outflows of around $2.9 billion from the US market in 2024, following a trend of fluctuating inflows and outflows over the previous years [4][12] - Total gross outflows from Japan were approximately $161 million in the last week, with US-focused funds contributing to this decline [7] Non-Traded REITs - Non-traded REITs raised about $5.0 billion year-to-date in 2024, but faced redemption requests totaling approximately $8.6 billion [8] Market Dynamics - The report highlights that the over-distribution of dividends from Japan funds has added selling pressure, contributing to total net outflows of approximately $8.1 billion in 2024 [5][6] - The US REIT sector has experienced significant outflows, with a total of $6.9 billion year-to-date, indicating a challenging environment for real estate investments [6][24] Historical Context - The report provides a historical perspective on fund flows, showing a pattern of outflows in recent years, with notable inflows in 2021 and 2014 [24] Additional Insights - The report emphasizes the importance of monitoring fund flows as a key indicator of market sentiment and potential investment opportunities within the REIT sector [5][6] - The analysis includes detailed figures on assets under management (AUM) and the performance of various fund types, providing a comprehensive view of the current state of the market [3][12][24] This summary encapsulates the critical insights from the report, focusing on fund flows, market dynamics, and historical trends within the US REITs and lodging sectors.