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
Ultimate Economic, Financial Impact of COVID-19 Unclear Until More Progress on Public Health Front
March 23, 2020 00:00 - 5 minutes - 5.76 MBIn the latest edition of the REIT Report podcast, Nareit Senior Economist Calvin Schnure said the ultimate economic and financial impact of COVID-19 will be unclear until there is more progress on the public health front. Authorities, meanwhile, are acting quickly to support the economy, including the resurrection of the Federal Reserve’s crisis programs, Schnure noted. “The most important impact on the economy is the short-term cash flow problems for businesses that rely on face-t...
Prologis Sees Structural Changes to Logistics Real Estate in Wake of Coronavirus
March 18, 2020 00:00 - 6 minutes - 7.93 MBIn the latest edition of the Nareit REIT Report podcast, Chris Caton, global head of strategy and analytics at Prologis, Inc., discussed the impact of COVID-19 on the warehouse and logistics industry. The current uncertainty is likely to be a headwind for the economy and all forms of real estate, logistics real estate included, Caton said. Caton pointed out that logistics real estate has benefited from historic low vacancy rates and strong demand and disciplined supply. Potential ...
REITs’ Long-Term Leases Provide Some Stability During a Period of Market Turmoil
March 13, 2020 00:00 - 5 minutes - 8.17 MBIn the latest edition of the Nareit REIT Report podcast, Nareit senior economist Calvin Schnure highlighted the latest developments surrounding the impact of the coronavirus pandemic on the economy and REITs. Schnure emphasized that this is first and foremost a public health crisis, but also one which is impacting the economic and financial livelihood of tens of thousands of people. The situation is changing quite rapidly, Schnure said. He noted that his analysis as of March 12 is...
Opportunity Zone Investment Interest Accelerating Since Final Regulations Released
March 06, 2020 00:00 - 16 minutes - 18.7 MBThe latest edition of the Nareit REIT Report podcast looks at developments surrounding opportunity zone investing with Dan King, senior manager, national tax services, at CohnReznick LLP. Opportunity zones were created by the Tax Cut & Jobs Act of 2017, and final regulations were released by the Treasury Department and the IRS at the end of December 2019. “The final regulations have answered a lot of the uncertainties in the market,” King observed, and include “a lot of taxpayer-f...
REIT Property Count Continues to Rise
February 24, 2020 00:00 - 4 minutes - 5.18 MBNareit’s vice president for research, Nicole Funari, joined the latest edition of the REIT Report podcast to discuss some of the findings from Nareit’s latest REITs Across America data, including the contribution that REITs make to the U.S. economy, their geographic footprint, and their shareholder base. Funari noted that the number of REIT properties has increased every year since Nareit began counting in 2016. The latest data shows over 520,000 REIT properties, comprised of 207,0...
Short-Term Rentals Play Important Factor in Traditional Lodging Sector Valuations
February 13, 2020 00:00 - 16 minutes - 18.4 MBWhile the growth in the supply of short-term rental (STR) units has tempered in recent years, the STR market is an important factor in valuation calculations for the traditional lodging sector, according to Jamie Lane, senior managing economist of CBRE Americas Hotels Research. Speaking on the Nareit REIT Report podcast, Lane noted that with a bigger inventory of STR units now in place, year-over-year percentage growth rates for STR supply in the U.S. will continue to ease. STR uni...
Real Estate Transaction Value Lower in 2019; Logistics Deals Buck the Trend
February 06, 2020 00:00 - 13 minutes - 15.7 MBThe latest edition of the Nareit REIT Report podcast looked at real estate deal activity with Tim Bodner, U.S. real estate deals leader at PwC. Although the volume and value of commercial real estate deals in 2019 were lower relative to 2018—a particularly strong year—activity was higher than in 2017. Most of the decline in 2019 came from the lodging and retail real estate sectors. In retail real estate, transaction value was down 31%, while falling 15.5% in the lodging space. On t...
Lodging and Resort REIT RevPAR Likely to be Stagnant in 2020
January 24, 2020 00:00 - 9 minutes - 11.1 MBAfter underperforming in 2019, the lodging and resort REIT sector is on a similar track in the first few weeks of 2020, according to Evercore ISI managing director Rich Hightower. In the latest edition of the Nareit REIT Report podcast, Hightower said he expects no more than a 1-2% increase in room night demand in 2020. Supply, meanwhile, is increasing at a 2-2 ½% range, and more so in some of the urban markets. “It seems to be hard to argue for ADR (average daily rate) improvemen...
Commercial Real Estate Market in ‘Mature Recovery’ Stage at Start of 2020
January 15, 2020 00:00 - 7 minutes - 8.36 MBIn the latest edition of the Nareit REIT Report podcast, Calvin Schnure, Nareit senior vice president for research and economic analysis, shared his thoughts on the economy, real estate, and REITs in 2020. In Nareit’s 2020 Economic Outlook, Schnure uses the term “uncharted waters” to describe the current environment. He explained that the phrase underlines the fact that the risks normally faced this far into a typical expansion or commercial real estate boom aren’t present at this ...
Differentiation Among Health Care Real Estate Portfolios Likely to Persist in 2020
January 09, 2020 00:00 - 10 minutes - 11.7 MBThe latest edition of the Nareit REIT Report podcast looked at trends in the REIT health care real estate segment with Michael Gorman, a managing director and REIT analyst at BTIG. The key theme last year was the differentiation in the underlying performance of health care real estate portfolios, according to Gorman. That trend is likely to remain in place, at least in the first half of 2020, he noted. In 2020, “we don’t see a groundswell of improvement in any of the particular pr...
Retail Real Estate Faced Mixed Picture in 2019; Trend Likely to Hold in 2020
December 18, 2019 00:00 - 12 minutes - 14.2 MBWhile retail real estate faced challenges in 2019, performance varied quite widely across the sector, a trend that is likely to continue into 2020, according to Mizuho Americas REITs analyst Haendel St. Juste. St. Juste was a recent guest on Nareit’s REIT Report podcast. He highlighted the disparity in performance between regional malls, which faced challenges, and shopping centers, that have had a “formidable run.” In terms of the regional malls, “there’s lots of uncertainty with...
REITs Should Highlight Their Uniqueness in Effort to Engage with Generalist Investors
December 12, 2019 00:00 - 20 minutes - 23 MBJonathan Keehner and John Roe, partners at strategic communications and investor relations firm Joele Frank, were guests on the latest edition of the Nareit REIT Report podcast. Nareit has worked with Joele Frank to create a Communications Toolkit with a framework for developing an effective communications strategy for generalist investors. It was recently distributed to Nareit members. Keehner described what he sees as a “real disparity between the dedicated investor group and th...
Selective, Strategic M&A to Continue in 2020, Portfolio Manager Says
December 05, 2019 00:00 - 13 minutes - 15.3 MBFrank Haggerty, Jr., portfolio manager for all dedicated global real estate securities managed by Duff & Phelps Investment Management, joined Nareit’s REIT Report podcast during REITworld 2019 in Los Angeles. Haggerty highlighted some of the geographic regions that are expected to perform well in 2020. In the United States, he said, Duff & Phelps is most positive on Southeastern markets. The region is seeing the technology job growth that is evident in other parts of the country, h...
REIT Investors Eyeing Cash Flow Growth, Dividend Growth, Value Creation
November 25, 2019 00:00 - 6 minutes - 5.3 MBJohn Guinee, managing director at Stifel, joined Nareit’s REIT Report podcast during REITworld 2019 in Los Angeles. Guinee noted that the overall REIT market has drifted from a “net asset value (NAV)-based investment bias to a real bias of cash flow growth, dividend growth, and value creation.” Across all property sectors there’s demand from investors for stocks that incorporate these three components, he said. Turning to the industrial sector, Guinee pointed to in-place rents tha...
Postal Realty Trust CEO Sees “Tremendous Opportunity” in Niche Sector
November 20, 2019 00:00 - 10 minutes - 11.8 MBAndrew Spodek, CEO of Postal Realty Trust, was a guest on the latest edition of the Nareit REIT Report podcast. Postal Realty Trust owns 366 post office properties across 43 states and was one of only a handful of REIT IPOs that occurred in 2019. Spodek noted that there are 32,000 postal facilities throughout the country, of which 23,000 are leased and pay about $1 billion in gross rent. Of those 23,000, 16,000 are owned individually, he said: “That’s how fragmented this market is...
Senior Housing Occupancy Trends “Relatively Weak,” NIC Chief Economist Says
November 01, 2019 00:00 - 10 minutes - 12.1 MBIn the latest edition of the Nareit REIT Report podcast, Beth Burnham Mace, chief economist and director of outreach at the National Investment Center for Seniors Housing & Care (NIC), looked at the latest trends and developments in the senior housing sector. Mace described today’s typical senior housing resident as 83 years old with higher acuity needs than in the past. “Because of the great recession, people delayed the timing of when they moved into senior housing, and that has ...
Focus on Tenant Experience Ranks High in Deloitte 2020 Outlook
October 17, 2019 00:00 - 15 minutes - 18.2 MBIn the latest edition of the Nareit REIT Report podcast, Jim Berry, U.S. Real Estate leader at Deloitte & Touche LLP, highlighted some of the trends that emerged in Deloitte’s recently released 2020 commercial real estate outlook. Deloitte based its findings on a survey of 750 real estate owners and operators in 10 major global markets. One of the key trends in the outlook was the importance of tenant experience, with 64% of respondents saying they would continue to increase their ...
Institutional Investors Paying Increased Attention to Public Real Estate Platforms
October 02, 2019 00:00 - 13 minutes - 15.8 MBIn the latest edition of Nareit’s REIT Report podcast, Gil Menna, co-chair of the REITs and real estate M&A practice at law firm Goodwin, discussed the climate surrounding mergers and acquisitions (M&A) and initial public offering (IPO) activity. M&A activity has been light in 2019 compared to previous years, in large part due to an “anemic” REIT market performance last year, Menna said. “Certain sectors in the REIT market have been off. Normally that would result in privatization transact...
CHROs Playing Increasingly Important Role on Executive Boards
September 19, 2019 00:00 - 10 minutes - 12 MBThe latest edition of the Nareit REIT Report podcast looked at the increasingly important role that chief human resource officers (CHROs) are playing on executive boards. Bill Ferguson, CEO of Ferguson Partners Ltd., and Elizabeth Gaffney, global CHRO practice leader at Ferguson, discussed their new research on the topic. “Human capital issues are increasingly dominating boardroom discussions,” according to Ferguson. He noted that Ferguson research has identified 56 either active or retired...
Former Highwoods CEO Ed Fritsch Looks Back on Three-Plus Decades at Office REIT
September 06, 2019 00:00 - 17 minutes - 19.5 MBThe latest edition of the Nareit REIT Report podcast featured an interview with Ed Fritsch, who stepped down as CEO of Highwoods Properties on Sept. 1 following a career of more than 30 years at the Raleigh, North Carolina-based office REIT. Fritsch joined Highwoods in 1982 at the age of 23 and was a partner in the predecessor firm before its IPO in June 1994. He served as COO from January 1998 to July 2004 and was vice president of operations and secretary from June 1994 to January 1998. H...
Smaller and Mid-Sized Industrial Real Estate Deals on the Rise, JLL Says
August 21, 2019 00:00 - 11 minutes - 12.9 MBThe latest edition of the Nareit REIT Report podcast looked at industrial real estate trends with George Cutro and Chad Buch from JLL’s Chicago industrial research team. Cutro and Buch also co-host JLL’s Chicago Industrial-Real Time Podcast. Buch said JLL is “cautiously optimistic” for industrial real estate in 2019. Despite global uncertainty, “the fundamentals are really healthy,” driven by consumer consumption, e-commerce, and supply chain innovations. Cutro noted that e-commerce has ch...
Prologis Says Industrial Demand Growing at a Sustainable Pace
August 12, 2019 00:00 - 8 minutes - 9.4 MBThe latest edition of the Nareit REIT report podcast featured Melinda McLaughlin, vice president of research at Prologis, Inc. (NYSE: PLD), who discussed some of the highlights of Prologis’ latest Industrial Business Indicator (IBI) index report, a quarterly survey of customer sentiment. McLaughlin described industrial demand at mid-2019 as “healthy,” with the IBI index currently at a level of around 60. Customers are continuing to grow at a “sustainable pace” following 2018, which was the ...
Infrastructure REITs Playing Growing Role in Digital Economy
July 26, 2019 00:00 - 11 minutes - 13.4 MBThe latest edition of the Nareit REIT Report podcast looked at the advent of 5G—and what it means for infrastructure REITs—with Ji Zhang, senior research analyst at Cohen & Steers. Zhang discussed the evolution of infrastructure REITs as a component of the broader REIT industry. In 2000, traditional REIT sectors accounted for about three quarters of REIT market capitalization, she observed. Today, they count for just under half. The first data center REIT was listed in 2004 at just under $...
Kimco Realty CEO Says ESG Focus Embedded Across Entire Organization
July 18, 2019 00:00 - 9 minutes - 10.9 MBIn the latest edition of the Nareit REIT Report podcast, Kimco Realty Corp. CEO Conor Flynn discussed the shopping center REIT’s unique approach to ESG matters. Flynn reflected on the evolution of Kimco’s ESG program since its inauguration 8 years ago. “Today we’re in a very different place,” he said. As the program has matured, Kimco has found ways to embed various ESG activities and responsibilities into existing teams across the entire organization. Now, instead of having one individual ...
REIT Fundamentals are “Sound” Heading into Second Half, Portfolio Manager Says
July 02, 2019 00:00 - 3 minutes - 4.43 MBSteven Brown, global head and senior portfolio manager, real estate, at American Century Investment Management, discussed broad trends impacting the REIT market during a podcast interview at REITweek: 2019 Investor Conference. REITs have had a “nice bounce” in 2019, partly because of how inexpensive they were at the end of 2018 but also because of the change in Federal Reserve language toward interest rates, according to Brown. “We think that real estate fundamentals are sound, but if we do...
Cold Storage Industry Demand Driven by Population Growth, Changing Retail Habits
June 26, 2019 00:00 - 8 minutes - 9.58 MBIn the latest edition of the Nareit REIT report podcast, Matt Walaszek, associate director of industrial and logistics research at CBRE, provided an overview of trends in the cold storage sector. While cold storage represents only a small portion of the overall industrial warehouse inventory, major demand drivers such as population growth and changing consumer behaviors are driving increased attention to the segment, according to Walaszek. The strongest demand for cold storage facilities i...
REIT Industry Veteran Expects More Public-to-Private M&A Transactions
June 19, 2019 17:51 - 13 minutes - 18.5 MBMarty Cicco, senior managing director at Evercore Partners, spoke with Nareit’s REIT Report podcast in New York at REITweek: 2019 Investor Conference. Cicco assessed the state of the commercial real estate market at mid-year. “It ranges from healthy, to beyond healthy, to unbelievable in some cases, but there are still a few sectors that have some challenges,” he said. At the same time, the business cycle—while clearly in the later stages—is breaking all records, according to Cicco. “You’...
Trade Tensions Reinforce the Value of Real Estate Investment, Portfolio Manager Says
June 12, 2019 00:00 - 7 minutes - 8.4 MBJoel Beam, senior portfolio manager of real estate strategies at Salient, spoke with Nareit’s REIT Report podcast in New York at REITweek: 2019 Investor Conference. Trade tensions are reinforcing the value of property investment in general, according to Beam. REITs have outperformed this year and have outperformed “meaningfully” versus the broader market since April 30, he said. “I think that’s a testament that real estate represents a flight-to-safety approach for a lot of folks.” While c...
REITs and Listed Real Estate Offer Potential for “Outsized Returns”
May 31, 2019 00:00 - 4 minutes - 4.77 MBREITs and listed real estate are likely to see minimal impact from ongoing trade tensions, while the sector offers the potential for “outsized returns” due to solid fundamentals, according to Laurel Durkay, senior vice president and portfolio manager of global and U.S. real estate at Cohen & Steers. Durkay was a guest on the latest edition of the Nareit REIT Report podcast. The domestically-focused nature of real estate securities provides “relative insulation” from trade tensions versus t...
New York Climate Change Bill Sets Bold Goals for Existing Buildings
May 22, 2019 00:00 - 12 minutes - 14.8 MBThe latest edition of the Nareit REIT Report podcast looked at the impact of New York’s recently-passed Climate Mobilization Act with Cliff Majersik, executive director of the Institute for Market Transformation. Majersik described the bill, which calls for buildings larger than 25,000 square feet to institute a 40% reduction in carbon emissions by 2030 and 80% by 2050, as “very ambitious.” He noted that New York and Washington, D.C. are the only two cities in the nation to target existing ...
REITs Showing Increased Receptiveness to PropTech
May 15, 2019 00:00 - 9 minutes - 10.9 MBThe latest edition of the Nareit REIT Report podcast explores the topic of real estate-targeted technology, commonly known as PropTech, with Blake Liggio, a partner in the law firm Goodwin’s Real Estate Industry Group. PropTech has seen significant acceleration in recent years due to the growth of technologies targeting real estate and the increase in capital supporting those platforms, according to Liggio. Liggio said the benefits of PropTech within the real estate industry, namely the ab...
PREIT Hitting Development Milestones in 2019
May 02, 2019 00:00 - 12 minutes - 14.7 MBThe latest edition of Nareit’s REIT Report podcast took an inside look at retail real estate with Joe Coradino, CEO of Philadelphia-based PREIT since 2012. Coradino described 2019 as an “exciting year” for PREIT. “We have so many milestones that we will execute on this year, projects that are coming to fruition that in some cases go back nearly 15 years.” One noteworthy project is Fashion District Philadelphia, which opens in September. It sits atop the main transportation station in downt...
Global Investors Remain Confident in U.S. Property Market
April 24, 2019 00:00 - 14 minutes - 16.8 MBThe latest edition of the Nareit REIT Report podcast featured Gunnar Branson, the CEO of AFIRE, an association for global investors focused on institutional real estate in the United States. Branson highlighted some of the key findings from AFIRE’s recently-released annual International Investor Survey. Despite the current length of the real estate cycle and geopolitical and economic concerns, Branson said there’s “a strong sense of confidence in how things look this year. There continues ...
Braemar Hotels CEO Says Luxury Sector Buyers are Impacting Pricing
April 17, 2019 00:00 - 19 minutes - 22.6 MBRichard Stockton, president and CEO of Braemar Hotels & Resorts discussed developments in the luxury hotel segment during the latest edition of the Nareit REIT Report podcast. Braemar invests primarily in full-service luxury hotels and resorts. Stockton discussed steps Braemar has taken to realign its portfolio, while also commenting on some of the significant weather-related challenges the REIT has faced. Stockton, meanwhile, touched on the benefits Braemar is accruing through its Enhance...
PACE Loans, Opportunity Zones Emerge as Areas of Interest for REITs
April 02, 2019 00:00 - 8 minutes - 9.4 MBMichael Kessler, a partner in the New York REIT practice of Alston & Bird LLP, was a guest on the latest episode of Nareit’s REIT Report podcast. Kessler discussed the next wave of innovative ideas and concepts that are emerging in the REIT sector. One area that is generating attention is clean energy and Property Assessed Clean Energy (PACE) loans, Kessler said. These provide incentives and regulatory frameworks to enable private capital, including mREITs, to fund energy efficiency improv...
REITs Playing Key Role in Life Science Industry Momentum
March 22, 2019 00:00 - 14 minutes - 16.1 MBIn the latest edition of the Nareit REIT Report podcast, Ian Anderson, director of research and analysis at CBRE, spoke about the momentum driving the life science industry and the real estate that it occupies. A new report from CBRE shows that the industry is growing at its fastest pace in 18 years, with construction of lab space in the top five markets monitored by CBRE doubling over the past year. “The industry is certainly on a tear,” Anderson said. The long-term trajectory doesn’t show...
REITs Well Prepared for Lease Accounting Standard Changes
March 15, 2019 00:00 - 7 minutes - 8.4 MBIn the latest edition of the Nareit REIT Report podcast, Serena Wolfe, a partner at Ernst & Young LLP, discussed the Financial Accounting Standards Board’s lease accounting standard that took effect for publicly traded companies, including REITs, at the beginning of 2019. The new standard had been under discussion for 10 years or more, and “where we actually ended up is very different from where we began,” Wolfe said. The impact for REITs as lessors is not as significant as originally antic...
Real Estate Associations Collaborate to Address Growing Need for Industry Talent
March 08, 2019 00:00 - 12 minutes - 14.3 MBIn the latest edition of the Nareit REIT Report podcast, Doug Bibby, president of the National Multifamily Housing Council (NMHC), discussed a new initiative aimed at attracting talent into the real estate industry. The NMHC is part of a collaboration of 29 real estate industry organizations, including Nareit, that are working to highlight the diversity of career paths within the sector. Together they have created Careers Building Communities (CBC), a platform designed for students, educato...
Large Institutional Investors Positively Impacting REIT Governance, Experts Say
March 04, 2019 00:00 - 14 minutes - 16.5 MBThe latest edition of the Nareit REIT Report podcast featured Yoel Kranz, a partner in Goodwin’s REIT Capital Markets and M&A/Corporate Governance practices, and Daniel Adams, a partner in the firm’s Business Law Department, where he is co-chair of the Capital Markets group and a member of its REITs and Real Estate M&A practices. Kranz and Adams spoke on various corporate governance issues, including where the impetus for change in the REIT sector is coming from today. Kranz pointed out th...
New York Real Estate Outlook Bright, Despite Amazon Pullback in Long Island City
February 18, 2019 00:00 - 9 minutes - 11 MBIn the latest edition of the Nareit REIT Report podcast, Jim Sullivan, managing director and REIT analyst at BTIG, discussed the outlook for New York real estate following Amazon’s decision to abandon its plans to locate a second headquarters in Long Island City. Sullivan said that while the loss of a potential 25,000 jobs will obviously result in less demand, a recent decision by Alexandria Real Estate Equities, Inc. (NYSE: ARE) to purchase property in Long Island City speaks to the area’s...
Conditions in Place for Continued REIT M&A Activity in 2019
February 07, 2019 00:00 - 14 minutes - 16.4 MBIn the latest edition of the Nareit REIT Report podcast, Tim Bodner, U.S. real estate deals leader at PwC, discussed a range of topics, including the outlook for REIT mergers and acquisitions (M&A); the appeal of non-gateway markets; and the performance of non-traditional REIT asset classes. Last year saw several major REIT M&A deals, with an average value per transaction of $6.4 billion. Two deals exceeded $10 billion, Bodner noted. “We do believe that conditions are in place for more of ...
REITs Enjoying Attractive Dividend Yields, Record-Low Leverage
January 30, 2019 00:00 - 10 minutes - 12.3 MBMichael Torres, CEO of Adelante Capital Management, and Jeung Hyun, portfolio manager, joined the latest edition of the Nareit REIT Report podcast. Torres and Hyun discussed a number of topics, including: REIT fundamentals; discounts to net asset value (NAV); merger and acquisition (M&A) activity; the role of active portfolio management; and the potential for increased Asian investment in real estate. Torres noted that the REIT industry is entering 2019 with attractive dividend yields and ...
Congressional Gridlock on the Agenda in 2019
January 18, 2019 00:00 - 16 minutes - 19.2 MBIn the latest edition of Nareit’s REIT Report podcast, Nareit Senior Vice President for Government Relations Robert Dibblee and Nareit Vice President for Government Relations John Jones discuss the outlook for the 116th Congress. With the House of Representatives now under Democratic control, and a divided Congress for the first time in nearly a decade—in addition to a looming presidential election cycle—prospects for legislative accomplishments are modest. “There will mostly be gridlock w...
REIT Supply and Demand Fundamentals Largely in Balance Heading into 2019
January 07, 2019 00:00 - 9 minutes - 11 MBTom Bohjalian, Cohen & Steers’ head of U.S. real estate and a senior portfolio manager for the firm’s real estate securities portfolios, was a guest on the latest edition of Nareit’s REIT Report podcast. Bohjalian sees REIT fundamentals in 2019 looking a lot like 2018, “with supply and demand largely in balance and with landlords still having some relative pricing power.” Cash flow and dividend growth on a per share basis should remain in a mid-single digit range for both 2019 and 2020. Ass...
BlackRock Focusing on Sustainability’s Quantifiable Financial Impact
December 12, 2018 00:00 - 5 minutes - 6.54 MBSherry Rexroad, chief investment officer of the Americas and global real estate securities platform at BlackRock, Inc., was a guest on Nareit’s REIT Report podcast, recorded in San Francisco during Nareit’s REITworld: 2018 Annual Conference. Rexroad said sustainability is playing an increasingly central role in investment decisions at BlackRock. “We really believe that sustainability-related issues, ranging from board composition and human capital to climate change, can, and often do, have...
Real Estate Recruitment Expert Optimistic on Diversity of Executive Board Composition
December 05, 2018 00:00 - 5 minutes - 5.76 MBGemma Burgess, managing director at executive search firm Ferguson Partners Ltd., was a guest on Nareit’s REIT Report podcast, recorded in San Francisco during Nareit’s REITworld: 2018 Annual Conference. Burgess commented on California’s move to require public companies to have at least one female on their boards. “We see it as a great step forward. Moreover, the importance here is placed on the investor community and boards to do the right thing… I think we’re seeing that in huge numbers ...
REIT Credit Trends Look Stable as Fundamentals Remain Solid, Moody’s Says
November 29, 2018 00:00 - 6 minutes - 7.36 MBLori Marks, a senior credit officer at Moody's Investors Service, Inc., was a guest on Nareit’s REIT Report podcast, recorded in San Francisco during Nareit’s REITworld: 2018 Annual Conference. Marks said overall credit conditions for REITs are “stable, as real estate fundamentals remain solid and REITs maintain healthy balance sheets.” Growth is slowing for many property types, she said, with REITs expected to generate low single digit net operating income (NOI) growth next year. Moody’s ...
Data Center REITs Gaining Acceptance from Ratings Agencies, CyrusOne CFO Says
November 19, 2018 00:00 - 5 minutes - 6.22 MBDiane Morefield, executive vice president and CFO of Cyrus One Inc. , was a guest on Nareit’s REIT Report podcast, recorded in San Francisco during Nareit’s REITworld: 2018 Annual Conference. CyrusOne received an investment grade rating from Standard & Poor’s in September. Although the company welcomed the news, Morefield said the ratings agencies have been slow to understand the data center model. She noted that prior to the CyrusOne upgrade there was only one other data center REIT with a...
Real Estate Fundamentals in Equilibrium Across Most Sectors, LaSalle Global CEO Says
November 14, 2018 00:00 - 5 minutes - 6.3 MBLisa Kaufman, global CEO and Americas portfolio manager for LaSalle Investment Management Securities, was a guest on Nareit’s REIT Report podcast, recorded in San Francisco during Nareit’s REITworld: 2018 Annual Conference. Kaufman said operating fundamentals are in equilibrium across most real estate sectors, with internal growth likely to roughly match inflation for the next couple of years. Among the outliers, however, are cell towers, where the runway for growth is “longer and better t...
Brookfield Portfolio Manager Favors High-Quality Malls, San Francisco Office
November 05, 2018 00:00 - 14 minutes - 16.1 MBBernhard Krieg, managing director and portfolio manager on the real estate equities team for Brookfield’s public securities group, was a guest on the latest edition of Nareit’s REIT Report podcast. Krieg discussed some of the factors that he and his team use to evaluate the global real estate securities landscape and commented on the gap between public and private real estate valuations in the United States. As for where he sees some of the best value opportunities in the U.S. market, Krie...