Month: December 2018

Jeffrey Fisher, chairman, president, and CEO of Chatham Lodging Trust (NYSE: CLDT), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

Jerry Barag, president and CEO of CatchMark Timber Trust (NYSE: CTT), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

Barag talked about the impact of Hurricane Michael in Georgia and South Carolina in October, noting that CatchMark only had about 400 acres affected out of more than 500,000 acres that the company owns.

Jay Whitehurst, CEO of National Retail Properties (NYSE: NNN), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

Whitehurst said National Retail has a broadly diversified portfolio that includes many different lines of trade, including convenience stores. “We own over 600 convenience stores [and] lease to dozens of tenants in around 30 states,” he said. “It’s a very safe, secure, broadly spread out group of small properties.”

Wendy Simpson, chairman, president, and CEO of LTC Properties (NYSE: LTC), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

In discussing the challenges and opportunities in health care real estate this year, Simpson said there has been “quite a bit of building in the last several years” in senior housing, noting that challenges include leasing up properties as they come online.

Gemma 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.

John Thomas, president and CEO of Physicians Realty Trust (NYSE: DOC), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

Thomas noted that the underlying fundamentals of health care and the outpatient medical business “continue to be very strong and very viable in this economy.” He added that the asset class is looking at an 8 percent growth per year tailwind.

REITs outpaced the broader stock market during November, with gains seen across the breadth of the industry.

The total returns of the FTSE Nareit All REITs Index rose 4.5 percent in November, while the S&P 500 gained 2.0 percent. The total returns of the FTSE Nareit Mortgage REIT Index added 1.8 percent, while the yield on the 10-year Treasury note fell 0.2 percent.

James Stewart, CEO of MGM Growth Properties (NYSE: MGP), participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

In September, MGM Growth partnered with MGM Resorts on the sale of its Hard Rock Rocksino asset in Ohio. Stewart said the company was looking for an operator with financial strength, and “we thought [MGM Resorts] would be the best stewards of our operations for the rest of the lease.”

Steve Buller, portfolio manager at Fidelity Investments, participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

Buller, who has spent two decades as a portfolio manager with Fidelity, said that during the past 20 years the fund has returned more than 20 percent annually, which is a “very good” historical return and “even a better return” relative to the equities market.

Steve Buller, portfolio manager at Fidelity Investments, participated in a video interview at Nareit’s REITworld: 2018 Annual Conference in San Francisco.

Buller, who has spent two decades as a portfolio manager with Fidelity, said that during the past 20 years the fund has returned more than 20 percent annually, which is a “very good” historical return and “even a better return” relative to the equities market.