Fitch Analyst Says Stock Buybacks at Low Level Among REITs

Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Marks has been monitoring REITs’ stock buybacks in the second half of the year, and he noted that activity has been limited. He attributed the lack of buybacks to the performance of REIT stocks in 2014, as most are trading at prices about their net asset values (NAV).

“Thus, [the stocks] are less economic from a buyback standpoint; they’re not as accretive,” Marks said.

Steven Marks

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