Self-Storage REIT CubeSmart Fueled by Urbanization, Limited Supply

Chris Marr, president and CEO of CubeSmart L.P. (NYSE: CUBE), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

CubeSmart is one of the largest owners and operators of self-storage facilities in the United States.

Marr discussed the factors driving organic growth at CubeSmart. He pointed to the lack of any significant new supply since the financial crisis, as well as the growing urbanization of the U.S.

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FFO Gains Fueled by External Growth, Says National Retail CEO

Craig Macnab, CEO of National Retail Properties, Inc. (NYSE: NNN), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

As of the third quarter of 2015, National Retail’s funds from operations (FFO) were 8.5 percent higher than the year before. Macnab said the gains resulted from maintaining a portfolio that’s about 99 percent occupied.

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Green Street’s Sullivan says REIT Spinoffs Fueled by High Prices, Wide Earnings Multiples

Jim Sullivan, managing director at Green Street Advisors, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

Sullivan addressed the factors behind the current interest in REIT spinoffs.

“Real estate prices have never been higher,” Sullivan said. He noted that the Green Street Commercial Property Price Index concludes that real estate pricing in the United States is on average 20 percent higher than at the 2007 peak. “High prices are a primary driver.”

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