Justin Knight, president and CEO of Apple Hospitality REIT (NYSE: APLE), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Knight said that in most of the REIT’s markets, new supply has followed meaningful increases in demand, and that there continues to be strong demand for “high-quality, select service hotels,” similar to Apple’s portfolio.
Owen Thomas, CEO of Boston Properties, Inc. (NYSE: BXP), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Thomas commented on the healthy leasing volumes Boston Properties has reported throughout 2019 and how that squares with signs of moderating macroeconomic fundamentals.
Dominique Moerenhout, CEO of EPRA, participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Moerenhout says EPRA expects to see continued growth of European listed real estate in 2020 due to mergers and acquisitions as well as the rapid growth of the alternative sector, which includes the health care and logistics segments.
At the same time, generalist investors are showing a growing appetite for listed real estate, he said. “It’s going to be a long-term exercise,” he said, but the interest is clearly there.
Conor Flynn, CEO of Kimco Realty Corp. (NYSE: KIM), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Kimco was recently named a constituent of the FTSE4Good Index Series. Flynn said Kimco has been leading on ESG issues for “10-plus years and [we] have put in place practices that can elevate the organization in each category.”
Leslie Hale, president and CEO of RLJ Lodging Trust (NYSE: RLJ) participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
With over $1 billion of investment capacity, some of the multiple levers that RLJ can employ to create shareholder value include actively buying back stock, investing in the portfolio, and accretive acquisitions, Hale said.
EPR Properties (NYSE: EPR) said Nov. 24 it has sold most of its charter school portfolio for approximately $454 million in cash and intends to rapidly redeploy the proceeds to fund investments in experiential real estate, including potential casino resort investments.
Arlen Nordhagen, chairman and CEO of National Storage Affiliates Trust (NYSE: NSA), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Nordhagen will step aside as CEO and become executive chairman at the start of 2020.
John 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.
Conor Flynn, CEO of Kimco Realty Corp. (NYSE: KIM), participated in a video interview at Nareit’s REITworld: 2019 Annual Conference in Los Angeles.
Kimco was recently named a constituent of the FTSE4Good Index Series. Flynn said Kimco has been leading on ESG issues for “10-plus years and [we] have put in place practices that can elevate the organization in each category.”
Andrew Spodek, CEO of Postal Realty Trust (NYSE: PSTL), 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.