REITs invest in the majority of real estate property types, including offices, apartment buildings, warehouses, retail centers, medical facilities, data centers, cell towers and hotels.
The REIT Industry Sustainability Report 2024 includes industry trends, REIT sustainability reporting data and analysis, as well as useful information on the publicly traded U.S. REIT industry’s primary sustainability, social responsibility, and governance practices.
REITs directly employed an estimated 331,000 FTE employees who earned $31.1 billion of labor income in the U.S.
At the end of 2023, U.S. public REITs owned an estimated 580,000 properties—up 1% from the previous year—and 15 million acres of timberland across the U.S.
REITworld 2024, scheduled for Nov. 18-21 in Las Vegas, NV, will bring together REIT management teams, investors, and analysts for topical sessions, one-on-one meetings, and networking.
For 60 years, Nareit has led the U.S. REIT industry by ensuring its members’ best interests are promoted by providing unparalleled advocacy, investor outreach, continuing education and networking.
Van Deusen also notes that rising interest rates highlight special REIT rules for hedging.
Board diversity is the key moving forward, attorney says.
Healthy buildings are quickly becoming a “must-have,” panelist Ben Myers says.
ESG considerations are embedded at various stages of the PGGM investment process.
John Worth, EVP of research and investor outreach, and Savannah DeLullo, manager of research and industry information, gave a guest lecture to the George Washington University’s Real Estate Student Investment Fund class.
While climate risk has a well-established place in the sustainability lexicon, biodiversity loss is gaining momentum as a major area of focus. These interconnected issues both have a place in a holistic sustainability strategy for the real estate industry.
REITs have remained resilient due to their stable credit ratings, according to Nareit EVP John Worth.
ESG is integrated into every level of Prologis, Inc.'s business, and it continually looks for ways to engage with customers to deliver best-in-class solutions that meet sustainability goals and create value.
Kimco Realty Corporation is committed to the health and safety of its tenants, associates, vendors, shoppers, and community members in the areas its centers serve.
Hersha’s Matthew Lobach expects increase in real-time data monitoring of building systems.
Stephan Richford of BMO Capital Markets added that investors are also looking for business fundamentals and price discovery in their conversations with REITs.
Institutional investors demanding increased ESG disclosure, GRESB says.
Kilroy’s Sara Neff sees growing role for air quality monitoring.
KPMG’s Ruth Tang says reporting of ESG metrics back to lenders could soon be commonplace.
Samaan also stresses need for cross-departmental collaboration on compliance.