PGIM Portfolio Manager Sees Disconnect in REIT Stock Prices

Rick Romano, managing director and portfolio manager at PGIM Real Estate , joined for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Romano commented on the surprise developments he has seen in the REIT market so far this year. One of the biggest surprises, according to Romano, has been the disconnect between net asset value (NAV) and price performance for core real estate.