Lexington Realty CEO Says REIT Expects More Sale-Leaseback Deals

T. Wilson Eglin, president and CEO of Lexington Realty Trust (NYSE: LXP), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Lexington owns a diversified portfolio of equity and debt interests in single-tenant commercial properties and land. The company has increased its dividend 70 percent during the past four years. Eglin explained the factors behind that growth.

News

American Residential Properties says REIT Focused on Stabilizing Portfolio

Stephen Schmitz, chairman and CEO of American Residential Properties (NYSE: ARPI), and Laurie Hawkes, the company’s president and COO, joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

American Residential Properties acquires, renovates, leases and manages single-family properties across 13 states.

Schmitz discussed whether the company continues to see acquisitions as the most important generator of strategic value.

News

Rayonier CEO Says REIT Benefits From Diversification of Timber Markets

David Nunes, president and CEO of Rayonier Inc. (NYSE: RYN), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

In 2014 Rayonier spun off its Performance Fibers manufacturing business in order to focus on its forest products and timber operations.

Nunes described the split as a “natural progression” for the company. The REIT emerged as a “more pure timber play,” Nunes said, owning 2.7 million acres in the United States and New Zealand.

News

Equity Commonwealth CEO Says REIT Focused on Disposing of Assets

David Helfand, president and CEO of Equity Commonwealth (NYSE: EQC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Based in Chicago, Equity Commonwealth owns commercial office properties throughout the United States and Australia. In May 2014, a new board of trustees and management team were appointed to lead the company, formerly known as CommonWealth REIT. Equity International Chairman Sam Zell serves as chairman of Equity Commonwealth’s board.

News

ROIC CEO Says West Coast Strength Key for REIT

Stuart Tanz, CEO of Retail Opportunity Investments Corp. (NASDAQ: ROIC), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Tanz said the fundamentals in Western markets have helped drive the firm’s strong operating results. Additionally, the company is benefiting from its focus on necessity-based retail assets, such as grocery stores and drugstores, according to Tanz.

Stuart Tanz

News

Investors Real Estate Trust CEO Says Oil Prices Not Impacting REIT

Tim Mihalik, president and CEO of Investors Real Estate Trust (NYSE: IRET), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Investors Real Estate Trust operates a diversified portfolio of properties in the multifamily, office, health care, retail and industrial sectors. Its properties are located throughout 12 states in the Midwest.

News

Monmouth CEO Says Pace of Acquisitions by REIT Will Continue

Michael Landy, president and CEO of Monmouth Real Estate Investment Corp. (NYSE: MNR), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Monmouth currently has an acquisition pipeline of 2.3 million square feet in place, representing $ 250 million in class-A industrial space. By the end of the 2015 fiscal year on Sept. 30, Monmouth will have increased its gross leasable area by 30 percent. Landy said the company is also anticipating double-digit growth in 2016.

Michael Landy

News

STAG Industrial CEO Says REIT Enjoying Favorable Leasing Conditions

Benjamin Butcher, president and CEO of STAG Industrial, Inc. (NYSE: STAG), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

STAG is a Boston-based REIT focused on the acquisition and operation of single-tenant, industrial properties throughout the United States.

Butcher told REIT.com that the dynamics for favorable leasing conditions have improved during the last year.

News