Morningstar Advisor - August/September 2011 - (Page 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* % Breakdown S&P 500 Key Stats Aggregates Industry Map 44 $293.47 billion 31878.001953 25840.001465 19802.000977 13764.000488 7726.000000 Number of Companies Total Market Cap Total Fair Value Total Revenue Valuation 6479.800293 5234.600220 Market Cap 1 8 106 11 2 4 35 9 12 7 13 14 15 Large Wide Moat Narrow Moat No Moat Stock Type Breakdown 4.50% 50.0% 45.50% 19.70% 55.90% 24.40% $248.75 billion $53.84 billion Medium 3989.400146 2744.200073 1499.000000 % Breakdown S&P 500 1067.200027 High Yield Distressed Hard Asset Cyclical Slow Growth Classic Growth Aggressive Growth Speculative Growth Not Classified *Based on Morningstar analyst coverage. 0.00% 13.60% 77.30% 9.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.60% 1.80% 0.00% 47.60% 19.20% 4.60% 13.00% 1.40% 11.80% Sector 1282.600037 S&P 500 Small Price/Fair Value P/E Price/Sales Dividend Yield % 636.400009 1.18 103.92 6.37 3.36 851.800018 421.000000 1.02 23.38 2.32 2.04 Undervalued 0 0.5 Price/Fair Value 1 Overvalued 1.5 2 Profitability and Financial Health Sector S&P 500 ROE % ROA % Net Margin % 5.06 2.01 10.45 21.50 7.18 10.92 0.0 Real estate companies are plotted based on their market cap and price/fair value ratio. Companies with a price/fair value ratio of less than 1 are undervalued. Companies with a ratio of more than 1 are overvalued. Numbered plots show companies listed in the table below. 0.5 1.0 1.5 2.0 H R U S Real Estate Companies Name/Ticker Market Cap ($mil) Revenue TTM ($mil) Price/ Sales Economic Moat Morningstar Rating Uncertainty Rating Growth Grade Profitability Grade Financial Health Grade Steward- Price/Fair ship Value Grade Dividend Yield % Price/ Earnings 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Simon Property Group, Inc. SPG Public Storage PSA Equity Residential EQR Vornado Realty Trust Shs of Benef Int VNO 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 Plum Creek Timber Company, Inc. PCL Data as of June 30, 2011 34,973.48 20,044.34 18,156.32 17,580.14 15,980.66 15,226.01 11,972.98 11,929.62 11,734.47 9,352.23 8,780.83 8,251.43 7,719.46 7,131.00 6,652.21 4,052.43 1,669.09 2,051.14 2,882.01 1,590.61 1,292.02 4,517.00 6,711.00 915.63 790.63 1,046.44 5,274.54 908.53 1,184.69 1,148.00 8.40 11.61 8.50 6.02 9.40 9.29 2.49 1.31 12.03 9.03 8.01 1.53 8.34 5.61 5.72 Narrow None None Narrow Narrow Narrow Narrow None Narrow Narrow Narrow Narrow Narrow None None QQ QQ QQ QQQ QQ QQQ QQQ QQQQ QQ QQQ QQQ QQ QQ QQ QQ High Medium High High Medium High High High Medium Medium Medium High High High C C C X Z X X X C X V X C Z X X Z 0.5 0.5 C C Z V X X X X X C 1.0 1.0 1.31 1.38 1.34 1.26 1.37 0.94 1.16 0.79 1.33 0.90 0.94 1.49 1.58 1.30 1.64 1.5 1.5 2.52 2.85 2.39 2.81 1.82 5.04 0.40 1.81 2.66 5.26 3.37 — 3.69 0.46 4.09 2.0 2.0 43.48 25.91 — 24.04 102.04 40.32 — 6.30 101.01 104.17 38.91 37.31 74.63 20.33 40.00 X 0.0 C C C C V C 0.0 V V V X V V V B V V C V B C C C X X X C Z Very High V C C V MorningstarAdvisor.com 35 http://www.MorningstarAdvisor.com

Table of Contents for the Digital Edition of Morningstar Advisor - August/September 2011

Morningstar Advisor - August/September 2011
Contents
Contributors
Letter From the Editor
Simplicity and Design Matter
Do You Use ETFs Strategically or Tactically?
The Institutional Way
How to Analyze an ETF
Eyeing ETFs’ Next Chapter
Small-Cap/Large-Cap Flip-Flop?
Four Picks for the Present
Investment Briefs
Morningstar Investment Conference
Pitfalls of Peer Groups
A REIT Recovery, With a Catch
Turning Fund Distribution on Its Head
Here Come ETF Managed Portfolios
Circle These Picks Amid the Crop of New ETFs
ETF Analyst Favorites
Beware, the Accidental Portfolio Manager
It’s the Destination, Not the Vehicle
New Growth, Rooted in Experience
Better Ways to Look at ETFs
How to Better Manage Your Clients’ Future(s)
More Bargain Than Bubble
Cheap, Local, and On a Roll
Mutual Fund Analyst Picks
50 Most Popular ETFs
Undervalued Stocks With Wide Moats
First-Quarter Assets Hit an All-Time High
You Say You Want a Revolution?

Morningstar Advisor - August/September 2011