Extra Space Storage CEO Says Sector in Midst of a Development Cycle

Extra Space Storage CEO Says Sector in Midst of a Development Cycle

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Joseph Margolis, CEO of Extra Space Storage Inc. (NYSE: EXR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Margolis observed that the self-storage sector is in the midst of a development cycle, following a period of limited development after the financial crisis.

Published at Tue, 17 Jul 2018 12:17:35 +0000

Apple Hospitality REIT Expects Pickup in Business Demand to Continue in 2018

Apple Hospitality REIT Expects Pickup in Business Demand to Continue in 2018

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Justin Knight, president and CEO of Apple Hospitality REIT, Inc. (NYSE: APLE), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Knight observed that leading into 2018, leisure traveler demand had significantly outpaced business traveler demand. As 2018 began, leisure continued to be reasonably strong, but business transient demand began to pick up, he noted.

Published at Mon, 16 Jul 2018 13:22:18 +0000

European Listed Real Estate Sector is “Very Healthy,” EPRA CEO Says

European Listed Real Estate Sector is “Very Healthy,” EPRA CEO Says

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Dominique Moerenhout, CEO of the European Public Real Estate Association (EPRA), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Moerenhout described the European listed real estate sector as “very healthy,” offering a strong and stable dividend yield and long-term performance that have been supported by a recovering European Union (EU) economy.

Following 21 initial public offerings (IPOs) in Europe in 2017, Moerenhout said he expects the trend to continue: “We see a lot of potential IPOs in 2018 in different sectors.”

Published at Thu, 12 Jul 2018 14:58:41 +0000

IRET CEO Says Demonstrating Operating Ability is Key Priority

IRET CEO Says Demonstrating Operating Ability is Key Priority

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Mark Decker Jr., president and CEO of IRET (NYSE: IRET), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Decker explained that IRET’s focus last year was on reformatting the portfolio into apartment assets. This year, the company has three main priorities: demonstrating it can operate well, “which will be key for us,” Decker said; focusing on employees; and developing better analytics around the business.

Published at Tue, 10 Jul 2018 16:56:10 +0000