07.27.09: Reits Report
5 analysts, 2 money managers and 3 CEOs examine the REITs segment in this 44 page report from The Wall Street Transcript.
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Outlook for Real Estate Investment Trusts: David AuBuchon, Robert W. Baird & Co. Inc.
Mall REITs & Strip Center REITs: David Wiggington, Macquarie Capital (USA), Inc.
Outlook for REITs: Merrie S. Frankel, Moody's Investors Service
Outlook for Lodging: Smedes Rose, Keefe, Bruyette & Woods, Inc.
Outlook for REITs: Bradford Case, National Association of Real Estate Investment Trusts
Investing in REITs: Jay P. Leupp, Grubb & Ellis Alesco Global Advisors
Real Estate Securities: Tim Pire, Heitman LLC
CEO Interviews (average 2,500 words): Top management from 3 sector firms examine the outlook for their firm and sector. Firms interviewed include: DCT Industrial Trust Inc., Mack-Cali Realty Corporation, and National Retail Properties, Inc.
Topics covered: Real estate fundamentals - Strong balance sheets - Portfolio management - The lodging industry - Near-term debt maturities - Insolvency risk - The current economic situation - Investment opportunity - Real estate markets - Vacancy rates - Declining rental rates - Growth potential - Positive cash flow growth
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Companies covered: HCP (HCP); Senior Housing Properties Trust (SNH); Digital Realty (DLR); Simon Property Group (SPG); Tanger Factory Outlet (SKT); Federal Realty (FRT); Pennsylvania REIT (PEI); Developers Diversified (DDR); Kimco Realty Corporation (KIM), Simon Property Group Inc. (SPG), Federal Realty Investment Trust (FRT), Realty Income Corp. (O), Prologis (PLD), AMB Property Corp. (AMB), First Industrial Realty Trust Inc. (FR); General Growth Properties Inc. (GGP); Starwood Hotels & Resorts (HOT), Marriott International Inc. (MAR), Host Hotels & Resorts Inc. (HST); Sunstone Hotel Investors Inc. (SHO).


