Mary Hogan, managing director and co-head of Americas real estate at APG Asset Management US Inc., joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
NAREIT 2016 Chair Sees Solid REIT Fundamentals Continuing Into 2016
Ed Fritsch, president and CEO of Highwoods Properties, Inc., and NAREIT’s 2016 chair, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Fritsch provided an overview of the current state of the REIT industry.
Equity Residential CEO Sees Opportunities as REITs Gain Market Recognition
David Neithercut, president and CEO of Equity Residential (NYSE: EQR), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Neithercut, who served as NAREIT’s 2015 Chair, reflected on the main challenges and opportunities for the industry going into 2016.
REIT Analyst Sees Interest Rates, Privatizations Remaining on Radar
David Toti, managing director and senior equity research analyst in the real estate group of BB&T Capital Markets, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Toti was asked whether interest rates will continue to be a key topic of conversation for REITs in 2016.
“Absolutely. Interest rates will always be part of the conversation of an asset that is levered, particularly after a very long period of ultra-low rates because of global liquidity forces,” Toti responded.
HCP CEO Says Too Early To Predict a Readjustment of Asset Prices
Lauralee Martin, president and CEO of HCP, Inc. (NYSE: HCP), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Martin discussed some of the themes that the health care REIT’s investors are consistently bringing up in meetings. She noted that investors are curious as to whether the changes in the cost of capital for REITs and the anticipated rise in interest rates will result in a readjustment of asset prices and capitalization rates.
Realty Income CEO Says Balance Sheet in Best Shape Ever
John Case, CEO of Realty Income Corp. (NYSE: O), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Realty Income purchases commercial real estate leased to tenants under long-term net lease agreements. The properties are generally freestanding buildings.
More REITs Likely To Go Private, Banker Says
Scott Schaevitz, co-head of Americas real estate investment banking at Barclays, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Schaevitz said the window for more REITs to go private remains open.
“Last year, a handful of companies were trading at discounts to net asset value (NAV). Now, you have huge portions of the REIT market that are trading at discounts,” he observed.
Fundamentally Speaking: NAREIT T-Tracker Shows Solid REIT Performance
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and economic analysis, said NAREIT’s T-Tracker series highlights a “solid, sustained” performance for the REIT industry in the third quarter.
NAREIT’s T-Tracker is a comprehensive measure of operating performance for the total listed REIT industry. It looks at funds from operations (FFO), net operating income (NOI) and total dividends paid and reports the data on a quarterly basis.
Green Street’s Sullivan says REIT Spinoffs Fueled by High Prices, Wide Earnings Multiples
Jim Sullivan, managing director at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Sullivan addressed the factors behind the current interest in REIT spinoffs.
“Real estate prices have never been higher,” Sullivan said. He noted that the Green Street Commercial Property Price Index concludes that real estate pricing in the United States is on average 20 percent higher than at the 2007 peak. “High prices are a primary driver.”
Duke Realty CEO Reflects on Accomplishments as Retirement Nears
Denny Oklak, chairman and CEO of Duke Realty Corp. (NYSE: DRE), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Oklak, who is stepping down as CEO at the end of the year, reflected on his tenure at the helm of Duke.
Oklak pointed out that as CEO for almost 12 years, he has been able to accomplish many of the goals he set for the company.
