REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Bob Cutlip, president of Gladstone Commercial Corp. (NASDAQ: GOOD), joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
Gladstone Commercial invests in and owns net lease industrial, commercial and retail assets and makes long-term industrial and commercial mortgage loans.
Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.
According to Schall, the momentum that the apartment industry enjoyed in 2014 carried over into the first half of 2015. In the first quarter, Essex had same property net income growth of 10 percent from the year-earlier period, which Schall credited to the job market on the West Coast.
In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s vice president for research and industry information, reviewed the September jobs report and what it says about broader economic trends.
Non-farm payrolls rose by 248,000 in September, according to the Bureau of Labor Statistics. “That’s a solid number just by itself,” Schnure said, adding that prior months were also revised upward. “The weakness in late summer was not quite as pronounced as we thought before.”
