The latest edition of the Nareit REIT Report podcast looked at employment trends in the commercial real estate industry with Marc Torrey, vice president and global sales director at SelectLeaders, a career resources platform for real estate professionals.
The Urban Land Institute’s latest Real Estate Economic Forecast points to REIT returns averaging minus 18% in 2020 but rallying in both 2021 and 2022 with returns of 10%.
The conclusions are based on a May 2020 survey of 39 economists and analysts at 35 leading real estate organizations, including Nareit Senior Economist Calvin Schnure.
Tom Bartlett, president & CEO of American Tower Corp. (NYSE: AMT), participated in a video interview in conjunction with Nareit’s REITweek: Virtual Investor Conference (being held June 2-4).
Bartlett took over as CEO earlier this year, after more than 10 years at American Tower. He described the company’s business model, which has been deployed for more than 20 years, as “incredibly resilient and sustainable in just about all kinds of economic environments.”
Nareit’s T-Tracker, a comprehensive summary of REIT earnings and operating performance, showed an overall picture of weak earnings in the first quarter, with about half of the 9% decline in funds from operations (FFO) reflecting the lodging and hotels sector.