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Sonia Barros, assistant director of the Division of Corporation Finance at the Securities and Exchange Commission (SEC), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Barros discussed how REITs are performing overall in terms of their SEC reporting. She noted that REITs differ from other industries with respect to their practice of providing information about property operating data in their supplemental packages.
Mike Stauffer, vice president of taxes at Kilroy Realty Corp. (NYSE: KRC), joined REIT.com for a video interview during REITWise 2015: NAREIT’s Law, Accounting and Finance Conference held in Phoenix.
Stauffer commented that the biggest change Kilroy has had to deal with in recent years concerns tangible property regulations issued by the Internal Revenue Service (IRS).
REIT returns climbed in March and outpaced the broader market as investors remained encouraged by the outlook for fundamentals in the sector, according to analysts.
The FTSE NAREIT All REITs Index had a total return of 1.2 percent in March, while the S&P 500 Index slipped 1.6 percent. The 10-year Treasury note dropped 0.1 percent in the month.
For the year, the FTSE NAREIT All REITs Index is up 4.1 percent, whereas the S&P 500 is up 1.0 percent.
Jay Leupp, managing director and senior portfolio manager at Lazard Asset Management, joined REIT.com for a video interview during NAREIT’s 2015 Washington Leadership Forum.
After a solid performance for REITs in 2014, “we do think there’s still room to run” in 2015, Leupp said.
“We don’t think rates are going to rise as much as most pundits,” he said. “We do still see very strong real estate fundamentals… and we still see rent growth and earnings growth tracking ahead of inflation. In our view, this adds up to a pretty good year for REITs.”
Mike Graziano, managing director with Goldman Sachs, joined REIT.com for a video interview at NAREIT’s 2015 Washington Leadership Forum.
Graziano said the rise in the number of REITs pursuing investment-grade ratings “makes a lot of sense.” He pointed out that an investment-grade rating allows for “instant and immediate access to capital.” Furthermore, it leads to a lower cost of capital.
In the latest episode of the NAREIT Podcast, Marcel Verbaas, president and CEO of Xenia Hotels & Resorts, Inc. (NYSE: XHR), discussed the REIT’s IPO this month.
Verbaas offered some insight into Xenia’s business strategy. The company focuses on top 25 lodging markets and major leisure destinations. Xenia’s properties consist of premium, full-service hotels; lifestyle hotels; and urban upscale hotels.
Mark Peternell and Mike Mas of retail REIT Regency Centers (NYSE: REG), joined REIT.com for a video interview at NAREIT’s 2015 Leader in the Light Working Forum in Reston, Va.
Peternell, the company’s vice president of sustainability, said going green can serve as a “competitive differentiator” for REITs. Regency Centers started $ 240 million worth of development and redevelopment projects in 2014.
