PGIM Portfolio Manager Sees Disconnect in REIT Stock Prices

Rick Romano, managing director and portfolio manager at PGIM Real Estate , joined REIT.com 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.

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EPR Benefitting from Lower Gas Prices, CEO Says

Greg Silvers, president and CEO of EPR Properties (NYSE: EPR), joined REIT.com for a CEO Spotlight at REITWISE 2016: NAREIT’s Law, Accounting and Finance Conference at the Marriott Marquis in Washington, D.C.

EPR Properties holds assets in areas such as entertainment, recreation and education.

Silvers has been at the helm of EPR for the past year, succeeding co-founder David Brain. He remarked that one lesson he has learned in that time is the importance of identifying and retaining highly qualified staff.

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HCP CEO Says Too Early To Predict a Readjustment of Asset Prices

Lauralee Martin, president and CEO of HCP, Inc. (NYSE: HCP), 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.

Martin discussed some of the themes that the health care REIT’s investors are consistently bringing up in meetings. She noted that investors are curious as to whether the changes in the cost of capital for REITs and the anticipated rise in interest rates will result in a readjustment of asset prices and capitalization rates.

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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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Investors Real Estate Trust CEO Says Oil Prices Not Impacting REIT

Tim Mihalik, president and CEO of Investors Real Estate Trust (NYSE: IRET), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Investors Real Estate Trust operates a diversified portfolio of properties in the multifamily, office, health care, retail and industrial sectors. Its properties are located throughout 12 states in the Midwest.

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