Thomas McGuinness, president and CEO of InvenTrust Properties Corp., joined REIT.com for a CEO Spotlight video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge. InvenTrust is a public non-listed REIT that focuses on open air retail centers. McGuinness said the company has pursued a divestment strategy for the last two years. It includes the spinning off of its Xenia Hotels & Resorts, Inc. (NYSE: XHR) lodging platform and the spinning off of its Highlands REIT, Inc. subsidiary. The company also sold a student housing portfolio for more than $1 billion. Most of InvenTrust’s markets are in the South, where population growth is occurring more rapidly than elsewhere, McGuinness said. The company is focusing on acquiring multi-tenant properties, including power centers and grocery-anchored community shopping centers, McGuinness said. McGuiness also commented on the state of the retail market. “We think the fundamentals on retail are incredible,” he said. New development is limited, while “retailers are doing a better job on embracing the internet and using their stores as distribution facilities,” McGuinness added. By Sarah Borchersen-Keto
Michael Hudgins, real estate strategist with J.P. Morgan Asset Management, joined REIT.com for a video interview in Chicago at REITWeek 2013: NAREIT's Investor Forum. With commercial real estate property pricing at the 2007 market peaks, Hudgins discussed how trends in pricing are affecting his outlook for REIT investment. "REITs right now are growing cash flow from a depressed base," he said. "They've moved past this peak, but still are generating [net operating income] at the property level of about 4 percent year on year. Additionally, I see no reason why with low supply and incremental demand that REITs can't continue to grow that NOI at a 3 percent year-on-year rate for the next couple of years. What that means is that year on year, as the cash flow increases at the property level, values should increase." Hudgins also offered his opinion on the value of REIT shares in the current market environment. "I like to remind investors that REITs are a combination of three things - real estate, equity and bonds," he said. "When I look at REITs right now, they look expensive versus equities. They still look slightly cheap versus bonds. The tiebreaker is real estate. Rationally, REITs should be trading at a premium to real estate." Hudgins gave a preview of what he thought would be the major stories in the REIT market in the second half of the year. "I'm, personally, curious to see how single-family housing REITs do," he said. "Do they demonstrate that they can actually be cash generators? I think that's going to be critical. If you're going to be a REIT, it's all about generating cash and paying out a dividend." By Allen Kenney
Created for our 2015 AGM, a collage of people and events within our Killam community.
Amanah Pelaburan Hartanah, KIP REIT membuat kemunculan sulung di Papan Utama Bursa Malaysia hari ini, dengan mencatat premium 4 sen berbanding harga tawaran awam permulaan (IPO) satu ringgit. Syarikat ini merupakan REIT sulung yang disenaraikan di Bursa Malaysia bagi 2017 dengan menyaksikan 1.78 juta saham bertukar tangan pada pembukaan.
A business restructuring and a healthy book of loans will cause Prospect Capital's stock to rebound in 2015, said the company's President Grier Eliasek. Eliasek added that tax-loss selling and exclusion from the S&P Index has pressured the shares of business development companies across the board. He said he expects consumer credit focused investments to fare the best in the coming year, yet he is cautious about energy due to the collapse in the price of oil. Eliasek said Prospect is undergoing a restructuring to potentially unlock value via a trio of spinoffs. Finally, he said the company’s dividend offers investors a margin of safety now that it has been right-sized. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
Speakers: John Calamos Sr., CEO and Global Co-Chief Investment Officer, Calamos Investments Anne Casscells, Co-President and Chief Investment Officer, Aetos Alternatives Management George Evans, Chief Investment Officer, Equities, OFI Global Asset Management J. Todd Morley, Chairman and CEO, G2 Investment Group John Rogers Jr., Founder, Chairman and CEO, Ariel Investments LLC Moderator: Christopher Ailman, Chief Investment Officer, California State Teachers Retirement System (CalSTRS) A year ago, few pros expected Apple to fall and the Facebook IPO to fizzle. On the other hand, it wasn't a long shot that yields would stay low and Congress would still be wrangling over fiscal issues. Our panel of investment sages will offer their analysis and opinion on the questions facing the markets, and some that aren't on the radar yet. What has changed in the world's two top economies after the U.S. election and the transfer of power in China? With uncertainty reduced and optimism rising, will PE ratios continue to climb? Or are dividends, which have staged a lively rebound since the financial meltdown, the core of a smart strategy? The market may be ready to embrace a new group of bellwethers -- names, please. Has the love of Treasuries run its course? Will risk-takers in Europe be rewarded or regretful? Will hedge funds have a good year? Which asset classes, and regions of the world, will stand out in the next 12 months?
Through this video with a combination of techniques -motion graphics, CGI and real recording- in a few minutes we can take a tour of the 85 years of Finsa's history and the continuous expansion of the product range. The audiovisual piece begins by pointing out what differentiates us, our "global mentality with local consciousness" or the fact of "being part of the natural cycle of forests", since we are not a mere manufacturer of products. In addition, the video focuses on highlighting the values of wood, as it is a renewable, recyclable and sustainable product that helps to reduce the CO2 emissions generated each day by our consumption habits and industry. For example, a wooden table absorbs the CO2 produced by four cars running an entire day. The video also shows how Finsa is committed to sustainable forest management, using only certified wood and taking advantage of forest and other industrial waste, as well as recycling end-of-life products. The video makes clear one of the main objectives of Finsa: to offer the most suitable solution for each need. This has been a purpose from the beginning, when the company was born in 1931 as a small sawmill. Thus, the video takes a historical tour that shows the evolution and expansion of Finsa's range of products: wood board, particle board, melamine board, MDF, chemical components, veneered board, laminate flooring and Furniture kit, as well as the production of decorative paper. In addition, in the last years there have been innovations like the superPan, exclusive board of Finsa, or the Finlight, of unique lightness. This video also highlights the adjectives that define Finsa: communicative, close, global, efficient, dynamic, flexible, solid and committed to security and stable employment. And not only that, it also affects the large logistics network of Finsa, which serves more than 80 countries. 95,000 trucks and more than 7,000 containers in 90 ships. In addition, it gathers the different channels with which it works: distribution, prescription and large areas
Longtime seniors housing real estate expert Mel Gamzon offers insights into the seniors housing market. 2011 was a big year for seniors housing and healthcare REITs, and Mel explores what strategies companies are likely to develop in 2012.