Financial Services >> Analyst Interviews >> May 23, 2012
U.S. REITs Expected to Grow and Increase Dividends
David Harris is a REIT Analyst for Imperial Capital, LLC, in New York. He has been involved with public property companies for more than 30 years and four property cycles. He has spent the past 16 years in the U.S. serving in buy-side and sell-side roles. Before working in the U.S., he was a U.K. property Analyst in London and was involved with Continental European markets. In 1990, he cofounded a German property company that was listed on the Amsterdam Stock Exchange. As a Senior REIT Analyst with Lehman Brothers in the U.S., Mr. Harris was involved with some of the largest REIT initial public offerings of the past decade and was recognized for his balanced view of the sector. His report, “After Seven Years of Plenty,” which he authored at Lehman Brothers, cautioned investors about the risks related to excessive debt two months before the peak of the REIT market in February 2007. Mr. Harris has a B.Sc. from De Montfort University, U.K., and became an Associate of the Royal Institution of Chartered Surveyors in 1981. Profile
TWST: To start, please give us an overview of your REIT coverage universe.
Mr. Harris: I cover a dozen of the leading companies in the sector, which embraces four of the major