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Michael Carroll, CEO of Devonshire REIT, Inc., joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Devonshire is a private REIT that owns, operates and develops shopping centers in the Midwest, Great Lakes and Southeastern regions of the United States.
Carroll, who was appointed CEO in May, highlighted his priorities for the short and medium terms.
Ernest Rady, president and CEO of American Assets Trust, Inc. (NYSE: AAT), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
American Assets Trust owns retail, office and residential properties in high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington and Hawaii.
Bruce Duncan, president and CEO of First Industrial Realty Trust, Inc. (NYSE: FR), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
First Industrial owns and operates industrial real estate for multinational corporations and regional customers in major markets across North America.
Duncan discussed the firm’s current development pipeline and the outlook for leasing.
Consumers have long demonstrated their fondness for customer loyalty programs across a wide variety of businesses, from major airlines to hotels to coffee shops around the corner. In a bid to push foot traffic across their portfolios, retail REITs are now turning to loyalty programs that gives customers instant access to promotions and cash-back rewards around their malls and shopping centers.
REITs and their tenants get real-time insight into the spending patterns of their customers in the process.
Lou Haddad, president and CEO of Armada Hoffler Properties, Inc. (NYSE: AHH), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Armada Hoffler owns and develops institutional-grade office, retail and multifamily properties in markets throughout the Mid-Atlantic United States.
S&P Dow Jones Indices has published the revised structure of the Global Industry Classification Standard (GICS) that will take effect after the close of trade on Aug. 31, when stock exchange-listed Equity REITs and other listed real estate companies are elevated to a new Real Estate Sector.
In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, Jahn Brodwin, senior managing director with FTI Consulting, offered his analysis of the Brexit’s effect on property markets in the United Kingdom.
Brodwin said measuring the impact of the Brexit on property values in the U.K. has proven to be difficult as transactions have halted since the vote. Additionally, a number of real estate investment funds have suspended trading, adding to the difficulty.
Paul Adornato, managing director at BMO Capital Markets, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Adornato said most real estate sectors are “looking pretty good” for the second half of the year: Although November’s general election is a “wild card,” the economy remains on a slow-growth track, which is positive for REITs.
Lukas Hartwich, senior analyst at Green Street Advisors, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Hartwich discussed the factors contributing to lagging fundamentals in the lodging sector. The most prominent one, he said, is weakness in business travel and spending. Hartwich pointed out that business travel accounts for about 75 percent of demand for lodging REITs.
REITs outperformed the broader market in June and the first half of the year, as sector fundamentals and capital markets remained healthy during a period of global uncertainty, analysts said.
The FTSE/NAREIT All REIT Index had a total return of 6.7 percent in June, while the S&P 500 Index gained 0.3 percent.
For the year to July 1, the FTSE/NAREIT All REIT Index had a total return of 13.8 percent, while the S&P 500 Index gained 4.1 percent. The yield on the 10-year Treasury note fell 0.8 percent during the first six months of the year.