REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Bruce Schanzer, president and CEO of Cedar Realty Trust, Inc. (NYSE: CDR), 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.
Schanzer said Cedar Realty continues to exit lower-density secondary markets by divesting assets and using proceeds from the sales to fund acquisitions in high-density, closer–in markets.
Drew Alexander, president and CEO of Weingarten Realty (NYSE:WRI), 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.
Alexander elaborated on the meaning behind the title of a recent investor presentation, Goodbye Kansas, Hello Hollywood.
“We think it’s an excellent tag line; it’s memorable and also accurate,” Alexander said.
Howard Schwimmer and Michael Frankel, co-CEOs of Rexford Industrial Realty Inc. (NYSE: REXR), 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.
Rexford has increased the square footage of its Southern California-based portfolio by 21 percent since the beginning of 2015. Schwimmer discussed what has been driving the activity.
Sherry Rexroad, chief investment officer at BlackRock Global Real Estate Securities, joined REIT.com for a video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.
Rexroad commented on the level of investor appetite for risk, given the deceleration of growth in China.
“The global markets are really trying to come to a new equilibrium, one that’s not as dependent on the Federal Reserve or supercharged growth out of China,” Rexroad said.
Richard Matros, CEO of Sabra Health Care REIT, Inc. (NASDAQ: SBRA), 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.
Roger Waesche, Jr., president and CEO of Corporate Office Properties Trust (NYSE: OFC), 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.
COPT primarily focuses on U.S. government tenants in the defense and information technology sectors. Waesche commented that pricing remains very strong for office product in the firm’s core markets as a result of solid fundamentals and strength in the capital markets.
REITs lost ground in August, as market watchers said concerns about the Chinese economy and interest rates weighed heavily across the globe.
The total returns of the FTSE/NAREIT All REIT Index fell 5.7 percent in August, while the S&P 500 Index lost 6.0 percent. The yield on the 10-year Treasury note was flat for the month.
“The baby is being thrown out with the bath water. No sector seems to be immune,” says Daniel Donlan, managing director at Ladenburg Thalmann & Co., Inc.
In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, discussed the difficult market conditions that prevailed on U.S. REITs in August.
The total returns of the FTSE NAREIT All REITs Index dipped 5.7 percent during the month, while the S&P 500 Index lost 6.0 percent.
“August was a very difficult month for investors. There really wasn’t any safe place to be invested,” Case said.
David Nunes, president and CEO of Rayonier Inc. (NYSE: RYN), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
In 2014 Rayonier spun off its Performance Fibers manufacturing business in order to focus on its forest products and timber operations.
Nunes described the split as a “natural progression” for the company. The REIT emerged as a “more pure timber play,” Nunes said, owning 2.7 million acres in the United States and New Zealand.
Cell tower REITs expect continued demand for wireless capability to fuel growth prospects in the United States and select foreign markets for many years to come, according to executives presenting at REITWEEK 2015: NAREIT’s Investor Forum.
Crown Castle International Corp. (NYSE: CCI) President and CEO Benjamin Moreland pointed to a 60 percent growth rate in data demand in 2014. At the same time, he noted that information technology firm Cisco anticipates a seven-fold increase in data demand by 2019.