REIT Rankings Best Real Estate Investment Trust Rankings – REIT Rankings
Rick Romano, managing director and portfolio manager at PGIM Real Estate , joined REIT.com for a video interview at REITWeek 2016: NAREIT’s Investor Forum at the Waldorf Astoria New York.
Romano commented on the surprise developments he has seen in the REIT market so far this year. One of the biggest surprises, according to Romano, has been the disconnect between net asset value (NAV) and price performance for core real estate.
Bill Hankowsky, chairman, president and CEO of Liberty Property Trust (NYSE: LPT), 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.
Liberty Property Trust owns industrial and office space throughout the United States and United Kingdom.
Hankowsky commented on the company’s decision to initiate a share buyback program in August 2015.
Steven Marks, managing director with Fitch Ratings, joined REIT.com for a video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.
Marks has been monitoring REITs’ stock buybacks in the second half of the year, and he noted that activity has been limited. He attributed the lack of buybacks to the performance of REIT stocks in 2014, as most are trading at prices about their net asset values (NAV).
“Thus, [the stocks] are less economic from a buyback standpoint; they’re not as accretive,” Marks said.
Eighteen REITs celebrating their 20th anniversaries of listing on the New York Stock Exchange (NYSE) were recognized June 2 in a closing bell ceremony.
