REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
David de la Rosa, vice president with Green Street Advisors, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
De la Rosa offered some insights into the growing fibra market in Mexico. Fibras, the country’s version of REITs, were introduced in Mexico in 2004. The first fibra listed in Mexico in 2011. The country is now home to nine listed fibras with a total market capitalization of $ 18 billion.
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.
Haendel St. Juste, executive director at Morgan Stanley, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
St. Juste discussed the trends he is seeing among institutional REIT investors active in the single-family rental market. While the sector is still largely dominated by hedge funds, “REIT investors are slowly warming up to it,” St. Juste said.
Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Marks said fundamentals in the real estate market generally held up in the first half of 2015 throughout all sectors. Fitch Ratings is projecting growth in same store net operating income (SSNOI) along the lines of 3 percent to 4 percent this year.
“Demand remains relatively steady,” said Marks, noting that GDP growth has continued.
In the latest episode of the NAREIT Podcast, Steven Marks, managing director with Fitch Ratings, offered his thoughts on the potential for stock exchange-listed REITs being taken private.
Bob O’Brien, partner and U.S. real estate services leader at Deloitte, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
O’Brien discussed the rise in Chinese foreign investment , as well as the possibilities for a REIT regime in China.
O’Brien noted that Chinese investment in the United States has increased about seven-fold in the past five years, and real estate accounts for a significant portion of that growth.
Scott MacComb, president of Allocation Advisors, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Allocation Advisors prepares purchase price allocations for real estate acquisitions. MacComb gave an overview of the current regulatory environment facing REITs.
“We are still in a situation where the pendulum is swinging in the direction of increased regulation,” he said.
Lukas Hartwich, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Hartwich outlined the various factors Green Street considers when determining the valuation of a company.
“Growth is definitely a consideration,” he said. “But, first and foremost, what we look at is the value of the underlying real estate.”
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.
