Nareit's REIT Report Podcast
316 episodes - English - Latest episode: 6 days ago - ★★★★ - 34 ratingsA show about the latest news and developments in REITs and real estate investment.
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Episodes
Economic News Pointing to Ongoing Broad Recovery
September 14, 2020 00:00 - 5 minutes - 8.14 MBMost of the current economic news is pointing to an ongoing recovery, including for commercial real estate fundamentals, according to Nareit Senior Economist Calvin Schnure. Speaking Sept. 14th on the Nareit REIT Report, Schnure noted that August retail sales data, to be reported on Wednesday, are expected to show a 1% increase. “Most aspects of retail sales actually are above pre-pandemic levels,” he said. At the same time, the Job Openings and Labor Turnover Survey (JOLTS) showed...
Nuveen Chief Investment Officer Sees Widening Spread Between Property Sectors in Second Half
September 10, 2020 00:00 - 13 minutes - 18 MBAgainst a backdrop of overall positive economic momentum, the performance gap between property sectors is likely to expand during the second half of the year, according to Carly Tripp, chief investment officer for the Americas at Nuveen Real Estate. Speaking on the REIT Report, Tripp also discussed how to ideally go about positioning a portfolio amidst the current level of uncertainty. “It’s really important to be disciplined and patient during times of uncertainty in order to not ...
August Jobs Report Shows Economic Recovery Still on Track
September 08, 2020 00:00 - 3 minutes - 5.38 MBAugust employment data released last week shows that the economic recovery remains on track, despite worries about a potential rebound in the coronavirus, according to Nareit Senior Economist Calvin Schnure. Employers hired back more than a million workers last month, with total payroll employment rising by 1.4 million. This number did include temporary workers hired for the Census, Schnure pointed out, but private payrolls were also up 1 million. The unemployment rate also droppe...
Cedar Realty Trust COO Sees Long-Term Appeal of Urban Gathering Places
September 03, 2020 00:00 - 17 minutes - 24.3 MBThe appeal of attractive urban gathering places has remained intact throughout the coronavirus crisis, despite reports of preferences shifting toward less dense, suburban locations, says Robin Zeigler, EVP and COO at Cedar Realty Trust, Inc. (NYSE: CDR). “One of the things we’ve seen during this period is that people do still have a desire to gather and to be in certain types of environments. The desire to have outdoor dining, the desire to go to a bar is still evident…people want g...
Continued Signs of Economic Resilience Providing Firm Backdrop for Commercial Real Estate
August 31, 2020 00:00 - 4 minutes - 6.22 MBContinued signs of resilience in the economy, even as the coronavirus remains active, point to a positive environment for commercial real estate going forward, according to Nareit Senior Economist Calvin Schnure. Speaking Aug. 31 on the REIT Report, Schnure noted that new home sales in July rose to their highest level since 2006. Durable goods orders rose more than expected, and industrial production and business investment are on track to return to pre-pandemic levels, he added. Co...
Brookfield Portfolio Manager Says Trends Triggered by Coronavirus May Not Be Permanent
August 28, 2020 00:00 - 24 minutes - 34.1 MBWhile COVID-19 has created short-term disruption and altered business and leisure routines, trends prevalent today may not necessarily remain in place for the longer term, according to Bernhard Krieg, managing director and portfolio manager on the real estate equities team for Brookfield’s Public Securities Group. Krieg noted that a valuation shift between growth and value-oriented stocks was already evident before the pandemic and has diverged further since then. However, “to a cer...
REIT Operating Performance Points to Upside Potential in the Year Ahead
August 24, 2020 00:00 - 5 minutes - 7.79 MBThe economy continues to experience a high degree of uncertainty, but operating performance across the REIT industry indicates that there could be some upside potential in the year ahead, said Nareit Senior Economist Calvin Schnure. On the economic front, positive figures for housing starts, existing home sales, and the homebuilders’ survey have been tempered by high jobless claims, soaring mortgage delinquencies, and a wave of bankruptcies. “The bottom line right now is that the e...
VICI Properties “Back on the Offensive,” CEO Says
August 20, 2020 00:00 - 9 minutes - 13.3 MBAfter spending much of the second quarter in a defensive mode, VICI Properties Inc. (NYSE: VICI) is now actively looking for ways to opportunistically deploy capital, says CEO Ed Pitoniak. Speaking on the Nareit REIT Report, Pitoniak said that once VICI began to receive signals that its assets, particularly those in regional markets, were going to reopen strongly following COVID-19 shutdowns, “we felt confident enough to go back on the offensive.” In mid-June, VICI announced it had...
Retail Sales Continued to Rebound in July, Supporting Retail REITs
August 17, 2020 00:00 - 3 minutes - 5.08 MBRetail sales data for July point to a resumption in consumer spending, providing a boost for the retail REIT sector that has been under pressure throughout the coronavirus crisis, according to Nareit Senior Economist Calvin Schnure. Retail sales rose 1.2% in July. While the increase was slower than that seen in the previous two months, sales rose to a level that was higher than before the crisis. Schnure noted that this is the fastest in history that retail sales have ever fully rev...
Boston, San Diego, San Francisco Continue to Top Life Science Venture Capital Investment
August 13, 2020 00:00 - 9 minutes - 13.2 MBBoston, San Diego, and San Francisco continue to attract the lion’s share of life science venture capital investment, but strong industry tailwinds are raising the prospects for a number of other markets across the nation, according to Audrey Symes, director of research for healthcare, life sciences, and advisory at JLL. Speaking on the REIT Report, Symes noted that even before the coronavirus crisis, the life science sector was at a point where many years of research and developmen...
Latest Economic News Mostly Positive, But Highlights Need for Additional Stimulus Measures
August 10, 2020 00:00 - 4 minutes - 6.64 MBEconomic reports released in the past week were mostly positive, but with millions still unemployed and benefits expiring, the need for additional stimulus measures remains, according to Nareit Senior Economist Calvin Schnure. Speaking Aug. 10 on the REIT Report, Schnure said economic data reported last week “helps dispel some of the fears that the recovery stalled last month” due to the continued spread of the coronavirus. Schnure noted that the ISM survey on manufacturing rose to...
Duke Realty Executives Reflect on Lessons Learned on the ESG Journey
August 07, 2020 00:00 - 16 minutes - 22.1 MBExecutives from Duke Realty Corp. (NYSE: DRE), a leader in corporate responsibility matters, joined a special edition of the REIT Report on August 5 to share their observations and advice on initiating and growing a vibrant ESG strategy that is embraced at all levels of the company. In conjunction with Nareit’s multimedia series ESG Exchange, Nareit Executive Vice President and General Counsel Cathy Barré spoke with Ann Dee, executive vice president and general counsel, and Megan Ba...
Record Decline in GDP was Concentrated in a Few Areas, Bolstering Outlook for Recovery
August 03, 2020 00:00 - 6 minutes - 8.66 MBDeclines in second quarter GDP were concentrated in a few front-line sectors, making it more likely that the economy can begin to recover by the second half of this year or the first half of 2021, according to Nareit Senior Economist Calvin Schnure. Second quarter GDP data released last week showed an annualized decline of 32.9%, which was in line with expectations. Schnure noted that the decline was front-loaded, as shutdowns had the biggest impact in April. Since then, there has b...
Real Estate Deal Activity Falls in First Half; Recovery Possible by Q4: PwC
July 31, 2020 00:00 - 8 minutes - 12.1 MBThe total value and volume of real estate deals across all property sectors declined in the first half of the year compared to the previous six months, but activity is expected to recover by the fourth quarter, according to Tim Bodner, partner and U.S. real estate deals leader at PwC. PwC recently released its mid-year review of real estate deal activity that showed almost a 50% decline in deal value and volume in the first half of 2020 compared with the second half of 2019. While...
Innovation in Office Sector Only Going to Accelerate Post-COVID
July 30, 2020 00:00 - 19 minutes - 26.4 MBThe innovation trend that emerged in the office sector prior to the coronavirus is only going to accelerate as organizations adapt to changes in how workplaces operate in a post-pandemic environment, according to Julie Whelan, head of occupier research for the Americas at CBRE. Whelan told the REIT Report July 24 that innovation will be accelerated in large part by the success of the remote work model during the crisis. “The office is now becoming just one place among a network of l...
Housing Data Point to Economy’s Underlying Strength, Assuming Continued Reopening
July 27, 2020 00:00 - 4 minutes - 6.09 MBThe economy continued to rebound in June, according to housing market data released last week, although the outlook depends on the reopening continuing on its current path—an open question at this point, Nareit Senior Economist Calvin Schnure said. Speaking July 27 on the Nareit REIT Report, Schnure highlighted the jump in new and existing June home sales, with new home sales actually higher than they were a year ago. He said this suggests that the underlying economic demand “is int...
Economic Data Show Potential for Rebound, But Dependent on Continued Reopening
July 20, 2020 00:00 - 4 minutes - 6.42 MBEconomic data released last week show a lot of potential for rebound—as long as the reopening can continue to proceed, according to Nareit Senior Economist Calvin Schnure. Speaking July 20 on the Nareit REIT Report podcast, Schnure highlighted the range of economic indicators for June that were reported, including industrial production, retail sales, and housing starts. Those numbers underscore the possibility of getting the economy back to where it was before the pandemic, but “onl...
Family Rental Housing Segment Plays Key Future Role, ULI Expert Says
July 16, 2020 00:00 - 12 minutes - 17.1 MBFamily renter households are likely to account for a growing share of the overall renter pool as the millennial generation begins to raise families and create homes of their own, says Christopher Ptomey, executive director of the Urban Land institute’s Terwilliger Center for Housing. Families currently account for about a third of the overall renter pool, Ptomey told Nareit’s REIT Report, but that is likely to change. “The millennial generation is reaching a tipping point demographi...
New State Closures Place Additional Strain on REIT Tenants
July 14, 2020 00:00 - 13 minutes - 19.2 MBA rollback of state reopening plans across the United States is placing additional strain on REIT tenants, especially those in the retail real estate segment, according to Jim Sullivan, managing director and REIT analyst at BTIG. On July 13, California announced a statewide closure of all indoor operations of dine-in restaurants, movie theaters, and family entertainment centers, among others. County indoor closures include fitness centers, hair salons and barbershops, and malls, if ...
REITs, Economy Remain Under Pressure as Coronavirus Case Numbers Climb
July 13, 2020 00:00 - 4 minutes - 6.43 MBREIT share prices edged lower last week, as both the broader economy and also the real estate sector continue to be buffeted by the opposing forces of economic reopening and the spread of the virus, according to Nareit Senior Economist Calvin Schnure. Speaking July 13 on the Nareit REIT Report, Schnure said news of more rapid growth of new cases, especially across the Sunbelt, is leading to a reconsideration of the prospects of reopening right away or being able to do so fully, rath...
REIT Valuation Levels Attracting Investor Attention
July 07, 2020 00:00 - 9 minutes - 13 MBLaSalle Investment Management Securities Global CEO Lisa Kaufman said REITs are attracting investor attention on the basis that they currently offer “very good value” relative to the private market, as well as on a historic basis relative to equities and bonds. Speaking July 6 on the Nareit REIT Report podcast, Kaufman said REITs in the United States and globally have “dramatically repriced,” and are materially underperforming broader equities and private real estate, “so we do see ...
June Employment Numbers Show Commercial Real Estate Heading in Right Direction
July 06, 2020 00:00 - 4 minutes - 6.3 MBNareit Senior Economist Calvin Schnure said the June employment numbers released last week were a “welcome positive surprise” that shows commercial real estate is heading in the right direction. Speaking July 6 on the REIT Report podcast, Schnure said the 4.8 million jobs reported for June exceeded expectations by a wide margin. The unemployment rate, meanwhile, fell more than anticipated, to 11.1%. While that is still a very high number, Schnure said, “this is a good down payment o...
Federal Reserve Limits Bank Dividends, Buybacks, But Sees Banks as Well Capitalized to Support Recovery
June 29, 2020 00:00 - 5 minutes - 8.1 MBNareit Senior Economist Calvin Schnure said the Federal Reserve’s latest bank stress test results point to a banking system that is well positioned to support the real estate economy under various recovery scenarios. Speaking June 29 on the REIT Report podcast, Schnure said the stress tests showed that most banks remain well capitalized under either a V, U, or W-shaped recovery. A V-shape sees the economy recovering later this year or early 2021, a U-shape points to a more sluggish ...
REITs Facing Mixed Picture as Economic Recovery Contends with COVID-19 Concerns
June 22, 2020 00:00 - 4 minutes - 6.44 MBNareit Senior Economist Calvin Schnure said REITs are facing a “mixed picture” as the forces of economic recovery are being tempered by uncertainty regarding the ongoing risks from COVID-19. In the June 22 edition of the REIT Report, Schnure noted that the recent divergence between the course of the pandemic and the pace of economic activity strengthened over the past week. While REITs and the broader equity markets reacted positively to surprisingly strong May retail sales numbers,...
REITs Bolstered by Stimulus Measures, Functioning Capital Markets, & Broad Array of Financing Options
June 19, 2020 00:00 - 8 minutes - 11.8 MBGina Szymanski, portfolio manager and director at AEW Capital Management, an affiliate of Natixis Investment Managers, joined the latest edition of the Nareit REIT Report podcast. Szymanski discussed some of the differences between the current COVID-19 crisis and the global financial crisis. She pointed to the size and pace of fiscal and monetary stimulus as “the biggest difference by far.” “During the last crisis the Fed was still learning how to be creative. This time around they...
REITs in Push-Pull Situation Between Efforts to Reopen Economy and Progress on Health Front
June 15, 2020 00:00 - 4 minutes - 6.83 MBIn the latest edition of the REIT Report, Nareit Senior Economist Calvin Schnure said investors will be watching this week to see if economic indicators point to an uptrend similar to what was seen in the recently-released May unemployment report. May retail sales numbers released this week will show whether or not spending has bottomed, Schnure said. The Federal Reserve, meanwhile, will report industrial production this week, while housing starts will also be released. “Over the n...
Financial Service Firms Face Complex Challenges Returning to the Office: Deloitte
June 12, 2020 00:00 - 9 minutes - 13.1 MBIn the latest edition of the Nareit REIT Report, Darin Buelow, global location strategy leader at Deloitte, looked at the specific challenges that financial institutions face in returning to the workplace after an extended absence resulting from COVID-19. According to Deloitte, financial institutions account for more than 15% of total office leasing activity. Buelow noted that many financial service firms are located in downtown high-rise environments where employees have to use pu...
REIT Executives “Cautiously Optimistic” at REITweek as Economy Begins to Reopen
June 08, 2020 00:00 - 5 minutes - 8.13 MBNareit Senior Economist Calvin Schnure discussed some of the main themes from Nareit’s REITweek: Virtual Investor Conference and the May jobs report in the June 8 edition of the Nareit REIT Report podcast. Schnure characterized the overall mood at REITweek as “cautiously optimistic.” “Obviously we’re still in unchartered waters and there’s a lot of concern about unforeseen risks in the period ahead,” Schnure noted. While economic activity is beginning to resume, few expect it to be...
Commercial Real Estate Recruiting Specialist Expects Pick-Up in Hiring
May 29, 2020 00:00 - 10 minutes - 13.9 MBThe latest edition of the Nareit REIT Report podcast looked at employment trends in the commercial real estate industry with Marc Torrey, vice president and global sales director at SelectLeaders, a career resources platform for real estate professionals. Torrey explained that the landscape for commercial real estate hiring heading into the coronavirus crisis reflected a typical trend seen in an election year: a slow down on the transaction hiring side and a pick-up on the operation...
REIT Earnings Fell 9% in the First Quarter as COVID-19 Crisis Hit Travel, Shopping
May 27, 2020 00:00 - 4 minutes - 6.21 MBNareit’s T-Tracker, a comprehensive summary of REIT earnings and operating performance, showed an overall picture of weak earnings in the first quarter, with about half of the 9% decline in funds from operations (FFO) reflecting the lodging and hotels sector. Speaking May 26 on the Nareit REIT Report podcast, Nareit Senior Economist Calvin Schnure noted that regional malls also had a decline in earnings and most other property sectors had modest declines. Industrial REITs, meanwhile,...
Commercial Real Estate Firms Beginning to Implement Lessons from COVID-19 Crisis
May 22, 2020 00:00 - 12 minutes - 16.8 MBCommercial real estate firms are beginning to implement lessons learned from the COVID-19 pandemic and create targeted measures to emerge stronger in the medium-term, according to Jim Berry, U.S. real estate leader at Deloitte & Touche LLP. Speaking on the Nareit REIT Report podcast, Berry noted that the industry has moved from an initial ‘respond’ phase into a ‘recover’ phase, with many commercial real estate executives now focused on issues such as preparing for re-entry to physic...
Data Show April Online Retail Sales Gains Unable to Offset Broader Declines
May 18, 2020 00:00 - 5 minutes - 6.91 MBThe latest retail sales data point to a continued role for brick and mortar retail once the coronavirus crisis passes, according to Nareit Senior Economist Calvin Schnure. Speaking May 18 on the Nareit REIT Report podcast, Schnure noted that the more than 8% rise in non-store retail sales in April, which includes e-commerce, was unable to offset the overall decline of 16.4%. “Online commerce is still no substitute for a lot of the shopping that people do. So, even after this crisis...
Hudson Pacific Implementing New Operating Procedures in Response to COVID-19
May 15, 2020 00:00 - 7 minutes - 10.9 MBHudson Pacific Properties, Inc. (NYSE: HPP) is preparing to welcome tenants back into its buildings by implementing new standard operating procedures across its portfolio, touching on everything from enhanced cleaning to increased signage and physical distancing policies. Speaking on the Nareit REIT Report podcast, Natalie Teear, vice president of sustainability and social impact at Hudson Pacific, said the REIT is rolling out a “four-C’s” approach that encompasses communication, co...
REIT Industry’s Focus on Tenant Needs Seen as Key Issue Post-Crisis
May 13, 2020 00:00 - 16 minutes - 23.3 MBThe REIT industry’s focus on the needs and concerns of its tenants will become increasingly important as a result of the coronavirus crisis, according to Gil Menna, co-chair of the REITs and Real Estate M&A practice at Goodwin. Speaking on the Nareit REIT Report podcast, Menna said one of the ways that REITs can be opportunistic in the current environment is by focusing on unique ways to deal with tenancy concerns that evolve from the pandemic. “Trying to attract tenants back to [r...
April Jobs Report Shows Bulk of Losses in Front-Line Sectors
May 11, 2020 00:00 - 4 minutes - 6.82 MBNareit Senior Economist Calvin Schnure said that while the April jobs report was “clearly a shock to the economy,” the bulk of job losses were confined to a few sectors facing complete shutdowns. In the May 11 edition of the REIT Report, Schnure noted that the April report showed a record decline in employment while the unemployment rate jumped to 14.7%, the highest level since the Great Depression. However, the data are “less alarming than we might have expected,“ Schnure said. He ...
Retail Real Estate Pioneering New Strategies for a Post-COVID 19 Return to Business
May 04, 2020 00:00 - 6 minutes - 8.93 MBThe retail real estate sector is leading the way in terms of preparing for a post-COVID 19 return to more normal business operations, according to Nareit Senior Economist Calvin Schnure. Speaking May 4 on the Nareit REIT Report, Schnure pointed to the various new safety measures that Simon Property Group, Inc. (NYSE: SPG) has implemented in order to reopen some of its malls. “The retail sector and the shopping malls are not isolated, they’re just the first part of our economy that’...
Kite Realty Offers Tenants a “Bridge to the Other Side” Through Small Business Loan Program
May 01, 2020 00:00 - 10 minutes - 15.1 MBA new small business loan program recently launched by Kite Realty Group Trust (NYSE: KRG) is trying to give its tenants a “bridge to the other side” during the current economic uncertainty, said Kite Realty chairman and CEO John Kite. In the May 1 edition of the REIT Report, Kite said the company is “on the front lines of this thing as it relates to the small business community.” The KRG Small Business Loan program will provide up to $5 million in total assistance and allow Kite’s ...
REIT Industry’s Footprint in Non-Traditional Asset Classes Seen as Post-Crisis Advantage
April 30, 2020 00:00 - 10 minutes - 14.7 MBThe REIT industry’s “heavy footprint” in non-traditional asset classes gives it a clear advantage as the world adapts to new ways of living in response to the coronavirus crisis, said Scott Crowe, Chief Investment Strategist at CenterSquare Investment Management. Speaking April 30 on the Nareit REIT Report podcast, Crowe said the crisis “ushers in a whole new paradigm of what real estate really is,” especially the idea of core versus non-core real estate. “The reality is that the wa...
REIT Markets Lower, But Conditions Appear to be Settling
April 27, 2020 00:00 - 5 minutes - 7.65 MBWhile REIT share prices drifted lower in the past week, conditions appear to have settled somewhat compared to the large swings seen in the early weeks of the coronavirus crisis, said Nareit Senior Economist Calvin Schnure. Speaking April 27 on the Nareit REIT Report podcast, Schnure pointed to single digit moves in the past two weeks. One possible reason for the more restrained movement is the approach of first quarter earnings, he noted: “There could be a lot of investors who are ...
American Campus Communities Helping Students Weather Coronavirus Disruptions
April 26, 2020 00:00 - 10 minutes - 13.8 MBBill Bayless, CEO of American Campus Communities, Inc. (NYSE: ACC), said the REIT is helping its student residents weather coronavirus-related disruption by ensuring they have a home during the crisis, regardless of their ability to pay rent on a timely basis. Speaking April 23 on the Nareit REIT Report, Bayless said the company’s Resident Hardship Program ensures students can complete their online education in an academically oriented environment without facing late fees, online pa...
Nareit April Rent Survey Shows Industrial, Multifamily, Office REITs Performing Well
April 23, 2020 00:00 - 7 minutes - 8.7 MBA Nareit survey of April rent collection across the REIT industry points to a strong performance by industrial, multifamily, and office REITs. Nareit Executive Vice President for Research and Investor Outreach John Worth told the REIT Report April 22 that industrial REITs saw 99% of typical rents received in April. The survey was conducted between April 8-15. Multifamily REITs collected 93.5% of typical April rents, while office REITs collected 89.3% of typical April rents. Worth ...
Social Aspect of ESG Expected to Gain Attention in Response to Coronavirus
April 22, 2020 00:00 - 3 minutes - 4.35 MBOn the 50th annual Earth Day celebration, Nareit Senior Vice President for ESG Issues Fulya Kocak said the social aspect of ESG is likely to see greater focus as a result of the coronavirus crisis. Speaking on the Nareit REIT Report podcast, Kocak said that while attention to social matters was already gaining a lot of interest before the crisis, “after we return to our new normal we are going to see more focus on health and wellness as well as flexibility and adaptation of the wo...
Kimco Realty is Helping Small Retail Tenants Survive the Financial Impact of Coronavirus
April 16, 2020 17:32 - 10 minutes - 12.2 MBKimco Realty Corp. CEO Conor Flynn said the REIT’s large national retail tenants need to pay their rent so that financial assistance can get to where it is needed most—small shop retailers. In an April 15 REIT Report interview, Flynn—who was recently diagnosed with COVID-19 and suffered mild symptoms—outlined the REIT’s efforts to help its ‘mom and pop’ tenants, including rent deferral and its new Tenant Assistance Program (TAP). Flynn said TAP’s aim is to help its smaller tenants...
REIT Markets Settling into Middle Range Following Sharp Declines in March
April 13, 2020 00:00 - 5 minutes - 5.77 MBAfter steep share price declines across the REIT industry in recent weeks, a more moderating pattern appears to have set in, according to Nareit senior economist Calvin Schnure. In an April 13 REIT Report podcast interview, Schnure noted that REITs are down 13% to 15% this year, representing a significant discount. However, “the markets appear to have settled into a middle range. You’re no longer seeing the very sharp declines that we saw in March and they’re looking forward to the...
Camden Property Trust CEO Expresses Optimism on Residents’ Ability and Willingness to Pay Rent
April 10, 2020 00:00 - 17 minutes - 20.5 MBRic Campo, chairman and CEO of Camden Property Trust (NYSE: CPT), said that while April rent collections have slowed somewhat in the past week, “generally we feel pretty good about where we are” in terms of residents’ ability and willingness to pay rent. In an April 9 REIT Report interview, Campo discussed the REIT’s efforts to help its residents weather the crisis, including the establishment of a $5 million tenant relief grant. He explained that Camden wanted to help fill the gap...
Lodging Sector Facing Protracted Recovery
April 09, 2020 21:51 - 11 minutes - 13.5 MBThe lodging sector was one of the first industries to feel the economic brunt of the coronavirus crisis, and it will likely be one of the last to benefit from an eventual upturn, Pebblebrook Hotel Trust (NYSE: PEB) Chairman and CEO Jon Bortz said. Speaking April 9 on the REIT Report podcast, Bortz said about half of the hotels across the industry have now closed completely, with millions of employees furloughed. “We think it’s going to be a very slow recovery,” he said. By the end...
Economic Uncertainty from Coronavirus to Remain High, Likely into May
April 06, 2020 00:00 - 4 minutes - 5.5 MBNareit Senior Economist Calvin Schnure said in an April 6 REIT Report podcast interview that uncertainty surrounding the coronavirus and its impact on the economy and markets will remain high, certainly through April and likely into May. Schnure also noted that while REITs and broader stock indices are at a deep discount compared to pre-crisis levels, they are up from lows reached several weeks ago. Investors seem to be anticipating that the policy actions taken so far, notably th...
Leadership Skills Under Close Scrutiny During Periods of Crisis
April 03, 2020 00:00 - 9 minutes - 10.7 MBThe April 2 edition of the REIT Report podcast featured Walt Rakowich on the topic of leadership during a time of crisis. Rakowich became CEO of ProLogis at the height of the economic downturn in 2008 and restored the company’s finances, enabling it to merge with AMB Property Corp. in 2011 to create Prologis, Inc. Rakowich noted that while every crisis is different, “how and why we lead is actually quite consistent.” During a crisis, a leader needs to understand that people are ...
REITs’ Liquidity Resources Will Help Sector Face Coronavirus Challenges Ahead
March 30, 2020 00:00 - 6 minutes - 7.29 MBIn the March 30 edition of the REIT Report podcast, Nareit Senior Economist Calvin Schnure highlighted the latest developments in how the coronavirus crisis is impacting the economy and commercial real estate. Schnure noted that public health officials are indicating that “we need to prepare for a long haul,” which in turn is increasingly impacting cash flows for businesses and wages and incomes for workers. The first hard data on the magnitude of the effect came last week as init...
Strong Pre-Crisis Real Estate Fundamentals Will Help Sector Navigate Current Volatility
March 27, 2020 00:00 - 13 minutes - 15.8 MBCBRE Chief Global Economist and Head of Americas Research Richard Barkham and CBRE’s Head of Occupier Research, Americas, Julie Whelan, joined the REIT Report on March 27 to talk about the economy, commercial real estate, and the impact of the coronavirus pandemic. Barkham described the economic impact as “brutal in the short term,” with GDP in the United States likely to contract by 6.3% in the first quarter and 20% in the second quarter. If new COVID-19 infections begin to fall ...