Tag: Says

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Fund Manager Says REITs Appear Undervalued

Matthew Werner, portfolio manager at Chilton Capital Management, 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.

Werner offered advice to generalist investors who are considering entering the REIT market.

“At the end of the day, the ‘location, location, location’ thesis is something that should not be ignored at all,” Werner stressed. “Being mindful of risk should always be a top-of-mind decision when looking at a company.”

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REIT Rebound Highlights Interest in Undervalued Assets, Case Says

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, said a rebound in REIT returns during December was likely caused by investor interest in undervalued assets.

The FTSE/NAREIT All REIT Index had a total return of 4.2 percent in December following four consecutive months of downturns. The S&P 500 index was up 2.0 percent in December.

“It was very difficult to make the case that REITs were overvalued. Investors started to recognize that and come back into the REIT market,” Case said.

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Industrial REITs Selective About Development, Green Street Analyst Says

Eric Frankel, analyst at Green Street Advisors, 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.

Frankel noted that the two primary components of industrial warehouse demand – trade and consumption – have held steady during the last several years. However, the method in which goods are consumed has changed, largely due to e-commerce.

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Shopping Center REIT Wheeler Improving Capital Structure, CEO Says

Jon Wheeler, chairman and CEO of Wheeler Real Estate Investment Trust, Inc. (NASDAQ: WHLR), 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.

Wheeler commented that acquisitions were a driving force behind the company’s third quarter performance. Other contributing factors included a reduction in general and administrative expenses and increased streamlining of operations.

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Skilled Nursing REIT Care Capital Hitting Targets, CEO Says

Raymond Lewis, CEO of Care Capital Properties (NYSE: CCP), 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.

Care Capital invests with local and regional operators of skilled nursing facilities across the United States. The company spun off from Ventas, Inc. (NYSE: VTR) in 2015.

Fifteen months on from the spinoff, Lewis said the company is “exactly where we hoped we would be at this point.”

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Retail REIT Sell-Off Overdone, Mizuho Analyst Says

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.”

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Green Street Analyst Says Transportation Changes Will Impact Most Real Estate Sectors

Dave Bragg, managing director at Green Street Advisors, 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.

Bragg discussed some of the key disruptive forces that are affecting the future of the real estate industry.  An important one is the revolution in transportation caused by the combination of ride hailing and driverless cars.

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U.S. REITs a Reference Point for International Best Practices, Green Street Consultant Says

David De La Rosa, senior vice president of advisory consulting at Green Street Advisors, 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.

De La Rosa discussed best practices for international real estate companies. He noted that best-in-class real estate companies in the United States share a number of characteristics: high-quality portfolios, specialized investment strategies, good capital allocation, strong balance sheets and limited development pipelines.

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