GICS Change a “Watershed Moment” for REITs, says NAREIT Chair

Ed Fritsch, 2016 NAREIT Chair and president and CEO of Highwoods Properties, Inc. (NYSE: HIW), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Half-way through his term as 2016 NAREIT Chair, Fritsch observed that fundamentals across the REIT industry are “healthy.”

“Balance sheets are improved, dividends are fortified (and) interest in investment is strong,” he noted.

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Audit Specialist Views Fair Value Accounting as Major Change in Financial Reporting

Greg Ross, audit partner at Grant Thornton LLP, joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.

According to Ross, one of the biggest changes in financial reporting that he has witnessed is the change related to fair value accounting.

“Investors want it, so there are a lot more items on the balance sheet today with fair value implications,” Ross said.

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