REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
DDR Corp. (NYSE: DDR) and an affiliate of Blackstone Real Estate Partners VII said June 12 they have formed a third joint venture that will acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc. (NASDAQ: ARCP) for approximately $ 2 billion.
Eighteen REITs celebrating their 20th anniversaries of listing on the New York Stock Exchange (NYSE) were recognized June 2 in a closing bell ceremony.
Donald Wood, president and CEO of Federal Realty Investment Trust (NYSE: FRT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Federal Realty’s funds from operations (FFO) per share hit an all-time high in the first quarter. Wood was asked about the factors behind those results, and whether he expected them to continue.
Michael Happel, president of New York REIT, Inc. (NYSE: NYRT), joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
New York REIT started as a public, non-listed REIT (PNLR) before listing on the NYSE in April. Happel was asked about market reaction to the listing.
“The market response has been fantastic,” he said. He explained that the listing had two main purposes – to provide liquidity to existing shareholders as well as to provide the company with long-term access to public market debt and equity.
Philip Charls, chief executive of the European Public Real Estate Association (EPRA), joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Charls gave a broad overview of developments in the European property market, starting with the arrival of REITs in the Spanish market about a year ago. Spanish REITs have performed “very well,” according to Charls. He noted that hedge fund managers Paul Soros and John Paulson were among the first investors in Spanish REITs: “You can’t imagine a better place to start it off.”
Jerry Barag, president and CEO of Catchmark Timber Trust (NYSE: CTT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Barag was asked about his company’s performance in the first quarter of 2014. Barag noted that following the firm’s initial public offering (IPO), it implemented a new management team and strategy.
Scott Crowe, global portfolio manager at Resource Real Estate, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Crowe was asked about the impact of the slow economic recovery on asset allocation and where investors are most focused right now. Crowe explained that a slow pace of recovery is actually good for real estate because it means that interest rates are going to stay low “and there are not enough animal spirits to really start development.”
David Neithercut, president and CEO of Equity Residential (NYSE: EQR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Neithercut was asked about the traits shared by the top-performing markets for his company: Denver, San Francisco and Seattle. He cited job growth as a key factor.
“Our business is all about supply and demand,” he said. “These are three markets that have produced some very strong job growth over the past three or four years.”
