Morningstar Advisor - August/September 2011 - 35

Sector Snapshot:
Real Estate
The data on this page represents real estate companies covered by Morningstar analysts, including firms in
the real estate-general, REIT-office, REIT-health-care facilities, REIT-retail, and real estate services industries.
Sector Structure
Moat Breakdown*
Key Stats
Aggregates
Wide Moat
Narrow Moat
No Moat
Stock Type Breakdown
High Yield
Distressed
Hard Asset
Cyclical
Slow Growth
Classic Growth
Aggressive Growth
Speculative Growth
Not Classified
*Based on Morningstar analyst coverage.
% Breakdown
0.00%
13.60%
77.30%
9.10%
0.00%
0.00%
0.00%
0.00%
0.00%
S&P 500
0.60%
1.80%
0.00%
47.60%
19.20%
4.60%
13.00%
1.40%
11.80%
% Breakdown
4.50%
50.0%
45.50%
S&P 500
19.70%
55.90%
24.40%
Number of Companies
Total Market Cap
Total Fair Value
Total Revenue
5234.600220
6479.800293
Valuation
Price/Fair Value
P/E
Price/Sales
Dividend Yield %
Profitability and Financial Health
ROE %
ROA %
Net Margin %
Sector
5.06
2.01
10.45
S&P 500
21.50
7.18
10.92
Real estate companies are plotted based on their
market cap and price/fair value ratio. Companies
with a price/fair value ratio of less than 1 are
undervalued. Companies with a ratio of more than 1
are overvalued. Numbered plots show companies
listed in the table below.
0.51.0
1.5
2.0
R
U
S
Real Estate Companies
Name/Ticker
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Simon Property Group, Inc. SPG
Public Storage PSA
Equity Residential EQR
Market
Cap ($mil)
Revenue
TTM ($mil)
Price/
Sales
Economic
Moat
Morningstar
Rating
34,973.48 4,052.43 8.40 Narrow QQ
20,044.34 1,669.09 11.61 None
18,156.32 2,051.14 8.50 None
Uncertainty
Rating
Growth
Grade
Profitability
Grade
QQ
QQ
Vornado
Realty Trust Shs of Benef Int VNO 17,580.14 2,882.01 6.02 Narrow QQQ
Boston Properties, Inc. BXP
HCP, Inc. HCP
Host Hotels & Resorts, Inc. HST
Weyerhaeuser Co WY
AvalonBay Communities, Inc. AVB
Health Care REIT, Inc. HCN
Ventas, Inc. VTR
CB Richard Ellis Group Inc CBG
Kimco Realty Corp KIM
SL Green Realty Corporation SLG
15 Plum Creek Timber Company, Inc. PCL
Data as of June 30, 2011
15,980.66 1,590.61 9.40 Narrow QQ
15,226.01 1,292.02 9.29 Narrow QQQ
11,972.98 4,517.00 2.49 Narrow QQQ
11,929.62 6,711.00 1.31 None
11,734.47
9,352.23
915.63 12.03 Narrow QQ
790.63 9.03 Narrow QQQ
8,780.83 1,046.44 8.01 Narrow QQQ
8,251.43 5,274.54 1.53 Narrow QQ
908.53 8.34 Narrow QQ
QQ
QQ
7,719.46
7,131.00 1,184.69 5.61 None
6,652.21 1,148.00 5.72 None
Financial
Health
Grade
Stewardship
Grade
High
C C X C
Medium C X Z C
High C V X Z
High C C X V
Medium C V X X
0.0
0.0
0.0
High
C V C X
High V V X X
QQQQ High B X V X
Medium C V X X
Medium C V C C
Medium C V Z X
Very High V B
X
High C V X X
High
High V C Z Z
C V X C
0.51.0
0.51.0
0.51.0
1.31
1.38
1.34
1.26
1.37
0.94
1.16
0.79
1.33
0.90
0.94
1.52.0
1.52.0
1.52.0
2.52 43.48
2.85 25.91
2.39 -
2.81 24.04
1.82 102.04
5.04 40.32
0.40 -
1.81
6.30
2.66 101.01
5.26 104.17
3.37 38.91
1.49 - 37.31
1.58
1.30
1.64
3.69 74.63
0.46 20.33
4.09 40.00
Price/Fair
Value
Dividend
Yield %
Price/
Earnings
H
0.0
2744.200073
3989.400146
1499.000000
1282.600037
1067.200027
636.400009
1067.200027
851.800018
421.000000
103.92
6.37
3.36 02
23.38
2.32
2.04
Price/Fair Value
0.5
1
1.5
S&P 500
1.02
Undervalued
Overvalued
1282.600037
Sector
1.18
Small
44
$293.47 billion
$248.75 billion
$53.84 billion
7726.000000
13764.000488
19802.000977
25840.001465
31878.001953
31878.001953
25840.001465
31878.001953
25840.001465
19802.000977
19802.000977
13764.000488
13764.000488
7726.000000
7726.000000
6
8 1011
7
4 53 2
1
9
14
12 13
15
Industry Map
Market
Cap
Medium
Large
MorningstarAdvisor.com 35
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Morningstar Advisor - August/September 2011

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