Videos and Interviews
Jun 26, 2019
Retail Analyst Discusses Big-Box Issues, E-Grocery, and Mixed-Use Development
In a recent interview, analyst Vince Tibone opines on surprising demand for big-box space, e-grocery impact on shopping centers, and mixed-use development strategy. Vince makes a point to remind investors, “While mixed-use is heavily discussed today, for nearly every strip center REIT, non-retail will still only make up less than 10% of total income and therefore a small portion of the total portfolio.”
Jun 26, 2019
Senior Housing Pricing Across Dual Markets
In this 4-minute video, Lukas Hartwich shares insights on the senior housing sector, commenting on operating fundamentals and valuation differences between the private and public markets. Green Street believes senior housing is attractively priced in the private market today, versus fairly priced in the public market where senior housing REITs are trading at NAV premiums.
Jan 7, 2019
FlowTracker Helps Explain Disconnect in Public and Private Pricing
Dave Bragg discusses the relationship between public and private market real estate values. While REITs have, on average, traded in line with the underlying value of their assets over the last three decades, they have traded at least 10% above or below NAV about half the time. One explanation is that public pricing often leads private pricing. However, the public market periodically “predicts” changes in pricing that never transpire.
Dec 20, 2018
Office Cap-Ex Load Among Highest in its Property Universe
Analyst Danny Ismail shares perspective on the office sector and bright spots at the market-level. “The amount of tech companies that still want to locate in the city of San Francisco continues to be high,” he said, adding that Nashville, Austin, and Atlanta are also thriving. Ismail also said that co-working companies have had a lot of success the past few years, noting that WeWork did not exist 10 years ago, but today is the largest private tenant in Manhattan.
Dec 5, 2018
Retail Real Estate Gaining Validation from Digitally-Native Brands
While at Nareit's REITworld: 2018, retail analyst, Spenser Allaway highlighted the efforts underway by retail landlords to remain competitive in the current evolving environment. Allaway also discussed net lease REITs and the benefits they are seeing from portfolio diversification and more service-oriented concepts.
Nov 21, 2018
The Growth of REITs Around the Globe
Justin Brown, Senior Vice President, Advisory & Consulting, explains how REIT markets are “poised for growth” around the world. India, for example, recently finalized REIT legislation, offering investors the chance “to invest in stabilized, institutional-quality real estate.” Justin describes some of the challenges global REIT portfolio managers face when comparing the relative attractiveness of REITs across borders including tax structures, the treatment of capital expenditures, and sovereign risk.