REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Multifamily REIT Home Properties, Inc. (NYSE: HME) said June 22 that it has agreed to be purchased by an affiliate of Lone Star Funds, a global private equity firm, in a deal valued at approximately $ 7.6 billion including debt.
Home Properties also said it agreed to contribute a portfolio of up to six properties containing up to 3,246 units to multifamily REIT UDR, Inc. (NYSE: UDR) in exchange for a combination of cash and newly issued units in a newly-formed subsidiary of UDR.
Steve Smith, president and CEO of Equinix, Inc. (NASDAQ: EQIX), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Equinix, which owns data centers around the world, became a REIT at the start of 2015 after waiting 31 months to receive a favorable private letter ruling from the Internal Revenue Service to allow for the conversion. Smith described some of the biggest changes for the company, including the transformation of its investor base.
Andrey Pavlov, professor of finance at Simon Fraser University, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Pavlov presented a paper at the 2015 NAREIT/AREAUEA Real Estate Research Conference on REIT capital structures. Pavlov said his research underscored that investors rewarded those REITs that had prepared their capital structures for tough times in advance of the financial crisis.
John Bejjani, analyst and office sector co-head at Green Street Advisors, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Bejjani reflected on the level of real estate valuations in the current market. He explained that valuations have to be looked at from two perspectives: operating income growth and capitalization rates.
Mark Zalatoris, president and CEO of Inland Real Estate Corp. (NYSE: IRC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Inland has a heavy presence in the Midwest shopping center market and is particularly active in Chicago and Minneapolis, according to Zalatoris.
“We’ve parlayed that into success in leasing and re-leasing space with strong retailers that want to continue to grow store count in those markets,” Zalatoris said.
Ed Fritsch, president and CEO of Highwoods Properties Inc. (NYSE: HIW), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Fritsch, who’s currently serving as NAREIT’s second vice chair, said fundamentals in Highwoods’ geographic markets are strong, although he pointed out that growth is measured. He described the market absorption of office space as “steady.”
Bob Connolly, finance professor at the University of North Carolina at Chapel Hill, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Connolly presented research at the NAREIT/ American Real Estate and Urban Economics Association (AREUEA) Real Estate Research Conference, which was held the day before the start of REITWeek.
Connolly addressed the question of whether investors in REIT index products can assume efficient market pricing.
Bobby Taubman, chairman, president and CEO of Taubman Centers, Inc. (NYSE: TCO), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Earlier this year, A. Alfred Taubman, the company’s founder and father of the current CEO, passed away. Bobby Taubman touched on his father’s legacy, noting that his father’s architectural background became a core component of the company.
Walter Boudry, assistant professor at Cornell University, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Boudry presented a paper at the 2015 NAREIT/AREAUEA Real Estate Research Conference on the diversification benefits of REITs. Risk-tolerant investors tend to benefit more from the diversification properties of REIT common stocks, which enable them to put together portfolios with higher returns. On the other hand, REIT preferred stocks are more appropriate for risk-averse investors, according to Boudry.
