BMO Analyst Says Capital Markets Receptive to REITs

Paul Adornato, managing director with BMO Capital Markets, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Adornato reviewed the conditions that REITs have faced within the capital markets so far this year.

“The capital markets have been open for the REITs both on the equity side and on the debt side,” Adornato stated.  On the equity side, large follow-on offerings have occurred this year, he said, in addition to a number of initial public offerings (IPOs).

Paul Adornato

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Green Street Analyst Sees Solid Fundamentals in Industrial REIT Sector

Eric Frankel, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.

Frankel discussed developments in the industrial REIT sector during the first half of the year. Industrial fundamentals have been good for the past few years, said Frankel, noting that the recovery in the industrial sector started relatively slowly when the economy first began to improve about four years ago.

“It’s been pretty smooth sailing,” he observed.

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Analyst Says REITs’ Capital Structures Appropriately Leveraged

Luke Zubrod, director of risk and regulatory advisory services with Chatham Financial, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Zubrod was asked about the dialogue surrounding the appropriate level of leverage for REITs and the stakes related to the decisions that REITs make regarding their interest rate exposure.

Luke Zubrod

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Compensia Analyst Says REITs Should Know Vulnerabilities in Say-on-Pay Vote

Mark Borges, principal at Compensia, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Borges commented on the steps a REIT should take to win a say-on-pay vote.

“I think it’s important to plan ahead. In the past, you could simply file your proxy statement and attend your annual meeting and see what happened, but today you have to treat it more like a campaign,” Borges said.

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Credit Suisse Analyst says REIT Debt Markets Healthy as Ever

Andy Richard, managing director of the Real Estate Group at Credit Suisse, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Richard was asked about the state of REIT capital markets and the prospects they face going forward.

“On the equity side, stocks are trading at very healthy levels. It’s a very seasoned asset class with a broad range of investors who are interested,” Richard said. On the debt side, he added, “I have never seen the debt markets healthier than they are now.”

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Deloitte Analyst Sees Strong Interest in Non-traditional REITs

Bob O’Brien, partner and U.S. and global real estate services leader at Deloitte & Touche, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

O’Brien was asked to comment on the changing nature of real estate as witnessed within the REIT industry. O’Brien noted that a whole series of alternative or non-traditional REITs have come to the market over the past few years in segments including timber, cell towers and data centers.

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S&P Analyst Says REITs Using Debt for Growth

Lisa Sarajian, managing director at Standard & Poor’s Ratings Agency, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Sarajian was asked about the state of the market for the bonds and preferred stocks of REITs.

Lisa Sarajian

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JP Morgan Analyst Discusses REIT Debt Levels, Investment Grade Ratings

Mark Streeter, managing director at JP Morgan Chase, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Streeter was asked about appropriate debt levels for REITs and how the industry as a whole performs in this area. He noted that since the financial crisis, the REIT industry has been more focused on the metric of debt to earnings before interest, taxes, depreciation and amortization (EBITDA).

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S&P Credit Analyst Says REIT Debt Financing Growth

Lisa Sarajian, managing director at Standard & Poor’s Ratings Agency, joined REIT.com for a video interview during REITWise 2014: NAREIT’s Law, Accounting and Finance Conference held in Boca Raton, Fla.

Sarajian was asked about the state of the market for the bonds and preferred stocks of REITs.

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