REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Thomas DeRosa, CEO of Health Care REIT, Inc. (NYSE: HCN), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
The health care REIT sector has seen a heightened level of activity in 2014 on both the transactions and capital markets front. Health Care REIT completed a major equity offering earlier in the year that netted the company $ 1 billion in fresh capital. DeRosa called his company’s pipeline for acquisitions “very strong.”
REIT returns doubled up the broader market during the first half of 2014, helped by low interest rates and muted supply, according to industry observers.
As of July 7, the FTSE NAREIT All REITs Index has had a total return of 16 percent, compared with 8.1 percent for the S&P 500 Index.
“The first half of the year has surprised us a little bit with how strong the REIT performance has been,” said Todd Lukasik, Morningstar senior analyst.
Tim Pire, managing director with Heitman, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York. Pire serves as chief investment strategist of Heitman’s global real estate securities group.
Looking at the performance of the REIT market, Pire said the health care and triple-net lease REIT sectors represent pleasant surprises in their performances in 2014. Pire attributed some of their success to interest rates trending lower than expected.
Eric Frankel, analyst at Green Street Advisors, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Frankel discussed developments in the industrial REIT sector during the first half of the year. Industrial fundamentals have been good for the past few years, said Frankel, noting that the recovery in the industrial sector started relatively slowly when the economy first began to improve about four years ago.
“It’s been pretty smooth sailing,” he observed.
Dennis Gershenson, president and CEO of Ramco-Gershenson Properties Trust (NYSE: RPT), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York. Ramco-Gershenson owns and manages multi-anchor shopping centers in strategic metropolitan markets throughout the eastern, Midwestern and central United States.
Susan Persin, senior managing director at Trepp LLC, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
With REITs outperforming the broader market so far this year, Persin was asked whether she expects fundamentals to support the market for the rest of 2014.
Eugene Landy, founder and chairman of Monmouth Real Estate Investment Corp. (NYSE: MNR) and UMH Properties, Inc. (NYSE: UMH), has been named by Yale Law School as the 2014 recipient of the Simeon Baldwin award, which recognizes distinguished achievement in law and business.
Jeff Edison, chairman and CEO of Phillips Edison-ARC Shopping Center REIT, a public, non-listed REIT (PNLR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
With more than 100 properties in its portfolio, Edison was asked to comment on the company’s strategy going forward. Edison responded that the focus is on looking at some of the “strategic alternatives” for Phillips Edison-ARC Shopping Center REIT and raising funds for a second PNLR.
Marty Cicco, senior managing director with Evercore Partners, joined REIT.com for a video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Cicco discussed the future of the single-family housing sector and the possibilities for more initial public offerings (IPOs) in the group down the road. Cicco said he believes the proliferation of single-family REITs is likely to be a “short-term phenomenon.” He indicated that the challenges of operating a single-family residential portfolio could deter new entrants from coming into the marketplace.
Ben Moreland, president and CEO of Crown Castle International Corp. (NYSE: CCI), joined REIT.com for a CEO Spotlight video interview during REITWeek 2014: NAREIT’s Investor Forum, held in New York.
Crown Castle went public in 1998, but didn’t begin operating as a stock exchange-listed REIT until the beginning of 2014. Moreland was asked to comment on the decision to elect REIT status.
“We thought the REIT corporate organization was the right long-term structure for us,” Moreland said, noting that Crown Castle has thought of itself as a real estate company since inception.
