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

REIT M&A Likely to Hit Record Level in 2018

REIT M&A Likely to Hit Record Level in 2018

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REIT mergers and acquisitions (M&A) activity is likely to reach a record level in 2018 if it continues at the same pace seen in the first half of the year, according to panelists on a Bloomberg Intelligence webinar, The Rising Tide of REIT M&A: What’s Behind the Wave?

Calvin Schnure, Nareit senior vice president for research & economic analysis, said the pace of activity underscores the health of REIT operating fundamentals overall. With no sign of a cyclical downturn in sight, companies have a “green light” for continuing their business plans, he said.

Published at Thu, 12 Jul 2018 12:40:35 +0000

PREIT Says Metrics Consistent with High-Quality Mall Operators

PREIT Says Metrics Consistent with High-Quality Mall Operators

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Joe Coradino, chairman and CEO of PREIT (NYSE: PEI), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Coradino said the company is beginning to see “positive results” as investors come to view PREIT as a high-quality mall owner. He highlighted that PREIT’s metrics, including sales per square foot, demographics, and occupancy levels, are all consistent with higher-quality mall companies.

Published at Tue, 10 Jul 2018 12:33:17 +0000

STAG Industrial Sees Supply/Demand in Balance

STAG Industrial Sees Supply/Demand in Balance

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Ben Butcher, chairman, CEO and president of STAG Industrial, Inc. (NYSE: STAG), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

STAG Industrial focuses on the bottom half of the primary markets, in addition to secondary markets, where supply and demand is in “pretty good” shape, according to Butcher. While there are supply concerns in Dallas and Atlanta, especially in certain submarkets, oversupply there can be underwritten, he added.

Published at Mon, 09 Jul 2018 18:14:36 +0000

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

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Stacy Slater, senior vice president for investor relations at Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference.

Published at Fri, 06 Jul 2018 12:35:08 +0000

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

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Stacy Slater, senior vice president for investor relations at Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference.

Published at Fri, 06 Jul 2018 12:35:08 +0000

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

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Stacy Slater, senior vice president for investor relations at Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference.

Published at Fri, 06 Jul 2018 12:35:08 +0000

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

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Stacy Slater, senior vice president for investor relations at Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference.

Published at Fri, 06 Jul 2018 12:35:08 +0000

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

Brixmor Says Investor Questions Focus on Tenant Demand, Valuation Disconnect

[unable to retrieve full-text content]

Stacy Slater, senior vice president for investor relations at Brixmor Property Group Inc. (NYSE: BRX), joined Nareit for a special edition of Nareit’s REIT Report Podcast recorded in New York during Nareit’s REITweek: 2018 Investor Conference.

Published at Fri, 06 Jul 2018 12:35:08 +0000

Duke Realty Reports Industrial Rents Continue to Grow

Duke Realty Reports Industrial Rents Continue to Grow

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James Connor, chairman and CEO of Duke Realty Corp. (NYSE: DRE), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Connor highlighted the continuing growth in industrial rents. In 2017, Duke saw rents on a cash basis grow by about 6.5 percent. In the first quarter, rents grew 12 percent on a cash basis. “That speaks to the strength of the industrial market across the United States,” he said.

Published at Fri, 06 Jul 2018 12:41:31 +0000