For the second consecutive year, the number of new female REIT directors elected during the 2019 proxy season surpassed that of new male directors—outpacing trends seen in the broader market—according to FPL Associates/Ferguson Partners’ recently released 2019 REIT Board Composition and Diversity Report.
Chris Marr, president and CEO of CubeSmart (NYSE: CUBE), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.
Marr said that across its major markets, CubeSmart believes 2019 will be a peak year for deliveries, but that supply will likely decline in 2020.
Bill Hankowsky, chairman, president, and CEO of Liberty Property Trust (NYSE: LPT), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.
Hankowsky said that Liberty made a weighty strategic decision in 2018 when it announced a plan to sell its remaining office properties and devote its resources solely to industrial real estate.
T. Wilson Eglin, chairman and CEO of Lexington Realty Trust (NYSE: LXP), joined Nareit in New York for a video interview at REITweek: 2019 Investor Conference.
Eglin said that Lexington began to transition its portfolio away from suburban office and toward industrial several years ago. At the beginning of 2018, the REIT’s portfolio was less than half industrial, but that percentage is now up to 72%, he said.
The 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.
