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

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

Retail Properties of America Sees Growth Opportunities in Slimmed-Down Portfolio

Retail Properties of America Sees Growth Opportunities in Slimmed-Down Portfolio

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Steven Grimes, CEO of Retail Properties of America, Inc. (NYSE: RPAI), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Grimes discussed the changes that have occurred at the company over the last five years, notably the reduction in assets from about 300 to 106. He said the remaining assets offer a “tremendous amount” of growth opportunities.

Published at Fri, 06 Jul 2018 14:51:37 +0000

FTSE Nareit All REITs Index Up 4.1% in June

FTSE Nareit All REITs Index Up 4.1% in June

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REIT returns were higher in June as broadly positive fundamentals continued to support the market, according to industry watchers.

The total returns of the FTSE Nareit All REITs Index rose 4.1 percent in June, while the S&P 500 rose 0.6 percent. The total returns of the FTSE Nareit Mortgage REIT Index gained 1.5 percent in June.

The yield on the 10-year Treasury note was flat in June.

Brad Case, Nareit senior vice president for research & industry information, noted that REITs have now outperformed the broader stock market for four consecutive months.

Published at Mon, 02 Jul 2018 18:15:48 +0000

Empire State Realty Seeing “Very Substantial” Mark-to-Market Rent Increases

Empire State Realty Seeing “Very Substantial” Mark-to-Market Rent Increases

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John Kessler, president and COO of Empire State Realty Trust, Inc. (NYSE: ESRT), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

The New York office market remains competitive, according to Kessler. The high level of interest in the sector from private equity and other sources has kept prices stable and cap rates low, he said.

Published at Fri, 29 Jun 2018 18:13:48 +0000

Getty Realty Says Investment Grade Rating Reflects REIT’s Repositioning and Growth

Getty Realty Says Investment Grade Rating Reflects REIT’s Repositioning and Growth

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Chris Constant, president and CEO of Getty Realty Corp. (NYSE: GTY), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Getty Realty received an investment grade rating from Fitch Ratings in May. Constant said the rating reflects the company’s repositioning and growth, and will open up new sources of capital.

Published at Fri, 29 Jun 2018 15:55:58 +0000

Monmouth Benefitting from Panama Canal Expansion

Monmouth Benefitting from Panama Canal Expansion

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Michael Landy, president and CEO of Monmouth Real Estate Investment Corp. (NYSE: MNR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Landy discussed the expansion of the Panama Canal, calling it a “game changer” for the global supply chain. He noted that in anticipation of the expansion, some of the largest companies have shifted operations from the West Coast to the East Coast.

Published at Thu, 28 Jun 2018 19:03:25 +0000

iStar Shrinking Legacy Portfolio and Refocusing on New Opportunities

iStar Shrinking Legacy Portfolio and Refocusing on New Opportunities

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Jay Sugarman, chairman and CEO of iStar (NYSE: STAR), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

iStar finances, invests in, and develops real estate and real estate-related projects as part of an integrated investment platform.

Published at Thu, 28 Jun 2018 18:06:05 +0000