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Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Apple Hospitality’s hotels operate exclusively under the Hilton and Marriot brands, with locations in urban, high-end suburban and developing markets.
Greg Silvers, president and CEO of EPR Properties (NYSE: EPR), joined REIT.com for a CEO Spotlight at REITWISE 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.
EPR Properties holds assets in areas such as entertainment, recreation and education.
Silvers has been at the helm of EPR for the past year, succeeding co-founder David Brain. He remarked that one lesson he has learned in that time is the importance of identifying and retaining highly qualified staff.
Mike Landy, president and CEO of Monmouth Real Estate Investment Corp. (NYSE: MNR), joined REIT.com for a CEO Spotlight video interview at NAREIT’s 2016 Washington Leadership Forum at the St. Regis Hotel in Washington, D.C.
Monmouth specializes in industrial properties that are subject to long-term leases, primarily to investment grade tenants. The company recently reported record quarterly results.
Jeffrey Fisher, chairman, president and CEO of Chatham Lodging Trust (NYSE: CLDT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Chatham invests primarily in extended-stay select service and full service hotels in the 25 largest metropolitan markets in the United States.
Fisher discussed Chatham’s pricing power with regard to room rates.
John Murray, president and COO of Hospitality Properties Trust (NYSE: HPT), joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Founded in 1995, Hospitality Properties Trust owns hotels and highway travel centers located throughout the United States, Canada and Puerto Rico.
Turning first to fundamentals for the hotel side of the company, Murray noted that the lodging sector has been in a recovery phase for the past five or six years.
High barriers to entry and limited supply are boosting long-term growth prospects for REITs in the cell tower, data center and outdoor advertising sectors, according to a panel at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT.
“Technology is changing the traditional model” of real estate, said panel moderator Jim Sullivan, managing director with Green Street Advisors.
Most U.S. Equity REITs have strong corporate governance attributes that benefit bondholders, and they should ease their concerns about the impact of investor activism, according to a report from ratings agency Fitch Ratings, Inc.
Based on its review of 64 U.S. Equity REITs, Fitch concluded that “corporate governance is pretty strong for bondholders in the REIT space,” said Sean Pattap, a senior director at Fitch. “The positives outweigh the negatives,” he added.
Stuart Tanz, president and CEO of Retail Opportunity Investments Corp. (NYSE: ROIC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Tanz was asked about the level of competition in the transactions market and sourcing for potential acquisitions. With capital “readily available,” Tanz said competition for available assets has intensified, but he feels ROIC’s extended history on the West Coast has given the company an advantage.
Ben Butcher, chairman, president and CEO of STAG Industrial, Inc. (NYSE: STAG), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Butcher discussed his company’s acquisition activity, which picked up in April after a slow start to the year.
“We pride ourselves on our agnosticity with regard to assets. We’re really looking for assets that produce great cash flows and we are willing to go to anywhere in the secondary and primary markets in the U.S. where we find those,” Butcher explained.
Robust demand for space, fueled by improving economic fundamentals and limited supply, is expected to bolster the industrial REIT sector for the rest of 2014, according to analysts.
So far in 2014, the sector has continued to outperform the broader REIT market. Total returns for industrial REITs gained 7.4 percent last year, compared with a 2.9 percent gain for all equity REITs. As of March 24, total returns for industrial REITs were up 9.4 percent for the year, versus a 6.8 percent gain for all equity REITs.