AccountAbility CEO Sunny Misser discusses his firm’s analysis of REITs’ ESG programs.
REITs Reshaping Communities: Federal Realty’s Assembly Row
REITs Gone Green
REITs: Building a Sustainable Buzz
Industrial REITs Still Gaining from e-Commerce, Trader Says
In the latest episode of The REIT Report: NAREIT’s Weekly Podcast, David Auerbach, an institutional REIT trader with Esposito Securities, talked about the latest developments in single-family REITs, the impact of online retail on industrial REITs and how elevating real estate to a headline sector under the Global Industry Classification Standard (GICS) will increase the visibility of REITs.
REITs “Appropriately Valued” Versus Equities and Bonds, Analyst Says
John Guinee, managing director at Stifel Nicolaus, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Guinee discussed the valuation of REITs relative to the broader equity and bond markets. According to Guinee, REITs are “appropriately valued right now.”
Guinee noted that REITs have outperformed the broader equity market by 300 to 500 basis points so far this year in a declining interest rate environment.
Retail REITs Luring Customers with Rewards Programs
Consumers have long demonstrated their fondness for customer loyalty programs across a wide variety of businesses, from major airlines to hotels to coffee shops around the corner. In a bid to push foot traffic across their portfolios, retail REITs are now turning to loyalty programs that gives customers instant access to promotions and cash-back rewards around their malls and shopping centers.
REITs and their tenants get real-time insight into the spending patterns of their customers in the process.
Hotel REITs Undermined by Weak Business Travel, Green Street Analyst Says
Lukas Hartwich, senior analyst at Green Street Advisors, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Hartwich discussed the factors contributing to lagging fundamentals in the lodging sector. The most prominent one, he said, is weakness in business travel and spending. Hartwich pointed out that business travel accounts for about 75 percent of demand for lodging REITs.
U.S. REITs Outpace S&P 500 in First Half
REITs outperformed the broader market in June and the first half of the year, as sector fundamentals and capital markets remained healthy during a period of global uncertainty, analysts said.
The FTSE/NAREIT All REIT Index had a total return of 6.7 percent in June, while the S&P 500 Index gained 0.3 percent.
For the year to July 1, the FTSE/NAREIT All REIT Index had a total return of 13.8 percent, while the S&P 500 Index gained 4.1 percent. The yield on the 10-year Treasury note fell 0.8 percent during the first six months of the year.
A Closer Look at Externally Advised REITs from Green Street Advisors
Phil Owens, senior vice president for advisory and consulting at Green Street Advisors, joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Owens commented on the newer breeds of externally advised REITs that have emerged recently.
Today, the externally advised REITs impose a single fee and operate with an alignment of interest between the external advisor and the REIT shareholders, he explained.
