Tag: still

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REIT Bull Market Still Alive, Case Says

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, rebuffed the suggestion that REITs are nearing the end of their market cycle.

“I haven’t seen anyone make an argument that is actually well reasoned and based on empirical data” indicating that the REIT bull market is drawing to a close, Case said. He pointed out that construction activity in the United States remains below average. “A real estate market typically reaches its end when construction is significantly higher than average,” he said.

Brad Case

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E-Commerce Impact Still in “Early Innings,” Prologis Says

Chris Caton, global head of research at Prologis Inc. (NYSE: PLD), joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.

Prologis owns and operates industrial real estate focused on global and regional markets across the Americas, Europe and Asia.

Caton addressed the reasons why there has been such a strong market for industrial real estate.

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DCT Industrial CEO Says Demand for Space Still Strong

Phil Hawkins, CEO of DCT Industrial Trust, Inc. (NYSE: DCT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2015: NAREIT’s Annual Convention for All Things REIT at the Wynn Las Vegas.

DCT focuses on bulk distribution and light industrial properties located in high-volume distribution markets in the United States.

Hawkins discussed the trends he sees in industrial real estate regarding supply and demand.

“I feel excellent. I’m very bullish on our business,” he said.

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Confidence Still High in Australian Real Estate

The Property Council of Australia (PCA) is the leading advocate for Australia’s $ 600 billion property industry. Its membership includes counts the bulk of the nation’s major investors, property owners and developers along with the industry’s professional service and trade providers.

PCA Chief Executive Ken Morrison joined the organization in 2014 after a stint as the chief executive of the Tourism & Transport Forum. Prior to that, he held multiple positions with the PCA, including chief operating officer.

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Essex CEO: Apartment Market Momentum Still Going Strong

Michael Schall, president and CEO of Essex Property Trust, Inc. (NYSE: ESS), joined REIT.com for a CEO Spotlight video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

According to Schall, the momentum that the apartment industry enjoyed in 2014 carried over into the first half of 2015. In the first quarter, Essex had same property net income growth of 10 percent from the year-earlier period, which Schall credited to the job market on the West Coast.

Michael Schall

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Unibail-Rodamco Still Reshaping Retail Portfolio

Jaap Tonckens, chief financial officer of Unibail-Rodamco (Paris: UL.PA), joined REIT.com for a video interview during REITWeek 2015: NAREIT’s Investor Forum, held in New York.

Unibail-Rodamco began work in 2009 to reshape its portfolio and focus on large shopping centers located in wealthy and densely populated areas of major European cities. Tonckens said that although the company has exceeded its stated intentions in terms of culling the portfolio, the process is ongoing.

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Apartment REITs Still Have Room to Grow, CEO Says

Ed Pettinella, president and CEO of Home Properties Inc. (NYSE: HME), joined REIT.com for a CEO Spotlight video interview at NAREIT’s 2015 Washington Leadership Forum.

Pettinella speculated that the apartment market in Washington, D.C., would start to recover in the second half of 2015. He noted that job growth is returning in the area following a period of government spending cuts. Additionally, the supply of apartment units in the region is expected to peak this year.

Ed Pettinella

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Fundamentally Speaking: Economy Still Gaining Strength

In the latest edition of Fundamentally Speaking, Calvin Schnure, NAREIT’s senior vice president for research and economic analysis, concludes that the United States economy continues to recover despite a mixed bag of recent data.

Schnure pointed out that the big slowdown in fourth quarter gross domestic product (GDP) after six months of increased momentum “is like the recovery we’ve had all along. It’s uneven, but it’s gathering strength.”

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