Incoming Extra Space CEO Says REIT’s Growth Slowing to Sustainable Level

Joe Margolis, chief investment officer, executive vice president and incoming CEO of Extra Space Storage Inc. (NYSE: EXR), joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Margolis joined Extra Space in 2015 and will succeed Spencer Kirk as CEO of the company at the beginning of 2017.

Margolis commented on the transition process, joking that he and Kirk have been “joined at the hip for about 18 months now.”

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Physicians Realty Offering “New Level of Service” in Medical Office, CEO Says

John Thomas, president and CEO of health care REIT Physicians Realty Trust (NYSE: DOC), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.

Physicians Realty was an active acquirer of properties in 2016. During the year, the company closed on a $ 700 million deal that Thomas described as “the largest transaction ever in the medical office space.”

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Fitch Analyst Says Stock Buybacks at Low Level Among REITs

Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Marks has been monitoring REITs’ stock buybacks in the second half of the year, and he noted that activity has been limited. He attributed the lack of buybacks to the performance of REIT stocks in 2014, as most are trading at prices about their net asset values (NAV).

“Thus, [the stocks] are less economic from a buyback standpoint; they’re not as accretive,” Marks said.

Steven Marks

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At what level is nofollow honored?

tzd from Earth asks: “I didn’t get to go to PubCon this year, but heard that if there was at least one unfollowed link in a webpage, all links were considered unfollow?”