Industrial REIT Monmouth CEO Sees Demand Drivers Remaining in Place

Industrial REIT Monmouth CEO Sees Demand Drivers Remaining in Place

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Michael Landy, president and CEO of Monmouth Real Estate Investment Corp. (NYSE: MNR), joined Nareit for a video interview at REITworld 2017.

Monmouth specializes in single-tenant, net-leased industrial properties. The company’s portfolio consists of 108 properties located in 30 states.

Michael Landy

Published at Mon, 08 Jan 2018 17:53:18 +0000

Retail REIT Washington Prime Group Diversifying Tenant Base

Retail REIT Washington Prime Group Diversifying Tenant Base

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Louis Conforti, CEO and director of retail REIT Washington Prime Group Inc. (NYSE: WPG), joined Nareit for a video interview at REITworld 2017.

Washington Prime was formed in 2014 following a spin-off from Simon Property Group (NYSE: SPG). The company acquired Glimcher Realty Trust in 2015.

Louis Conforti

Published at Fri, 05 Jan 2018 16:57:19 +0000

Portfolio Manager Favors Single-Family Rental, Manufactured Home REITs

Portfolio Manager Favors Single-Family Rental, Manufactured Home REITs

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Arthur Hurley, senior equity portfolio manager at Columbia Threadneedle Investments, joined Nareit for a video interview at REITworld 2017.

Hurley commented on the creation of a headline Real Estate Sector under the Global Industry Classification Standard (GICS) for REITs and other listed real estate companies. He noted that the move has generated a lot more attention for the group from a broader investor base. REIT CEOs, CFOs and investor relations professionals should keep that broader audience in mind as they craft their messages, Hurley said.

Arthur Hurley

Published at Fri, 05 Jan 2018 15:42:29 +0000

Fibra Mty Pursuing Strategic Goals in Mexico’s Office, Industrial Markets

Fibra Mty Pursuing Strategic Goals in Mexico’s Office, Industrial Markets

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Javier Llaca Garcia, COO of Fibra Mty (BMV: FMTY14), joined Nareit for a video interview at REITworld 2017.

Based in the northeastern Mexican city of Monterrey, Fibra Mty primarily owns office and industrial properties.

Llaca said Fibra Mty seeks to convey to potential investors that the company is a “U.S. REIT with a Mexican zip code,” in so far as it has adopted world-class corporate governance practices.

Published at Fri, 05 Jan 2018 13:56:17 +0000

Easterly Government Properties Adds VA, FBI Offices to Portfolio

Easterly Government Properties Adds VA, FBI Offices to Portfolio

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William Trimble, president and CEO of Easterly Government Properties (NYSE: DEA), joined Nareit for a video interview at REITworld 2017.

Easterly acquires, develops and manages class-A commercial properties that are leased to government agencies primarily through the General Services Administration (GSA).

Published at Fri, 05 Jan 2018 14:06:07 +0000

STORE Capital CEO Says REIT on Pace for $1 Billion in Acquisitions in 2018

STORE Capital CEO Says REIT on Pace for $1 Billion in Acquisitions in 2018

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Chris Volk, president and CEO of STORE Capital Corp. (NYSE: STOR), joined Nareit for a video interview at REITworld 2017.

STORE is an acronym for single-tenant operational real estate, which is the company’s target market.

Volk said STORE has achieved a monthly pace of about $100 million in acquisitions for the past three years. Looking to 2018, Volk said he expects STORE to be able to maintain that rate and exceed $1 billion in acquisitions for the year.

Published at Fri, 05 Jan 2018 13:45:51 +0000

Fitch Analyst Expects Solid Occupancy Rates for REITs in 2018

Fitch Analyst Expects Solid Occupancy Rates for REITs in 2018

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Steven Marks, managing director at Fitch Ratings, joined Nareit for a video interview at REITworld 2017.

Marks commented on some of the trends he is seeing in REIT bank borrowing exposure.

“It’s one of the few things we’re concerned about when it comes to REIT liquidity and access to capital,” Marks said. He noted that the sum of bank borrowing relative to the overall debt capital structure is currently about 18 percent, compared with a level of around 8 percent in 2008 to 2009.

Published at Wed, 03 Jan 2018 20:33:14 +0000

FTSE Nareit All REITs Index Down 0.1% in December

FTSE Nareit All REITs Index Down 0.1% in December

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REIT returns were marginally lower in December, as the REIT market produced total returns of more than 9 percent in 2017.

The total returns of the FTSE Nareit All REITs Index fell 0.1 percent in December, while the S&P 500 posted a total return of 1.1 percent. For the year, the FTSE Nareit All REITs Index gained 9.3 percent; the S&P 500 returned 21.8 percent.

Published at Wed, 03 Jan 2018 19:33:53 +0000

Seritage CEO Says Leasing Activity Accelerated in 2017

Seritage CEO Says Leasing Activity Accelerated in 2017

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Benjamin Schall, president and CEO of Seritage Growth Properties (NYSEMKT: SRG), joined Nareit for a video interview at REITworld 2017.

Seritage is the real estate spinoff of Sears Holding Corp. It began trading as a public company in 2015.

Schall stated that the company’s leasing activity accelerated in 2017. As a result, Seritage has leased about 4 million square feet during the last two-and-a-half years.

Published at Tue, 02 Jan 2018 18:45:13 +0000

Global Net Lease Has “Robust Pipeline” of Distribution, Industrial Assets in U.S.

Global Net Lease Has “Robust Pipeline” of Distribution, Industrial Assets in U.S.

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James Nelson, president and CEO of Global Net Lease (NYSE: GNL), joined Nareit for a video interview at REITworld 2017.

Global Net Lease’s portfolio of real estate assets spans the United States, the United Kingdom, Germany, the Netherlands and Finland.

Nelson took over as CEO in August 2017. He explained that the company’s priorities include refinancing its debt stack, focusing on acquisitions and “growing the company again.”

Published at Tue, 02 Jan 2018 16:20:52 +0000