REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Stuart Tanz, president and CEO of Retail Opportunity Investments Corp. (NASDAQ: ROIC), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Tanz said 2016 has been an active year for acquisitions, with approximately $ 300 million of shopping centers purchased through early November.
Haendel St. Juste, managing director at Mizuho Securities US, joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
St. Juste commented on the volatility in the REIT market in the second half of the year. REIT stock prices have dropped about 20 percent since August.
“Fundamentals are slowing,” St. Juste said, although they are “still good by historical standards.”
Louis Conforti, CEO of retail REIT Washington Prime Group Inc. (NYSE: WPG), joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Conforti was named interim CEO of the company in June and appointed to permanent position in October. He said his top goals since taking over have been buttressing the company from an operational standpoint and practicing financial prudence.
Thomas McGuinness, president and CEO of InvenTrust Properties Corp., joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
InvenTrust is a public non-listed REIT that focuses on open air retail centers.
Retail REIT Regency Centers Corp. (NYSE:REG) said Nov. 14 it will acquire Equity One, Inc. (NYSE:EQY) in an all-stock deal that values Equity One at approximately $ 4.6 billion.
The merger of the two shopping center REITs will create a national portfolio of 429 properties spread with more than 57 million square feet of space, the companies said.
Dennis Gershenson, president and CEO of Ramco-Gershenson Properties Trust (NYSE: RPT), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Ramco-Gershenson owns and manages multi-anchor shopping centers primarily located in about a dozen of the largest metropolitan markets in the United States. The REIT is celebrating its 20th anniversary as a publicly traded company this year.
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.
Stephen Lebovitz, president and CEO of CBL & Associates Properties, Inc. (NYSE: CBL), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
CBL owns enclosed malls and open-air shopping centers across the United States.
Lebovitz discussed the main changes occurring in CBL’s portfolio.
Conor Flynn, president and CEO of Kimco Realty Corp. (NYSE: KIM), joined REIT.com for a CEO Spotlight video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Headquartered in New Hyde Park, New York, Kimco owns and operates a portfolio of 550 open-air shopping centers in the United States and Puerto Rico.
As Ramco-Gershenson Properties Trust (NYSE:RPT) nears its 20th anniversary as a publicly traded REIT in May, the shopping center owner continues to grow value by densifying and upgrading its portfolio.
The company has spent the last five years culling assets and making strategic acquisitions. It has cut its property holdings in the process from 90 centers in 2010 to 72 today. In that time, the value of its assets has more than doubled, according to Dennis Gershenson, president and CEO.