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.
Timber, office, and data centers led with returns of 15.9%, 10.4%, and 7.3%, respectively.
Rep. Carey (R-OH) visited a Prologis facility in Groveport, Ohio, and learned about how the REIT is impacting the greater Columbus area.
Stephan Richford of BMO Capital Markets added that investors are also looking for business fundamentals and price discovery in their conversations with REITs.
CEO Sumit Roy said the partnership with Wynn on the Encore Boston Harbor has been a meeting “of the minds.”
Nareit’s REITworks: 2023 Conference convened hundreds of REIT leaders and industry professionals in Las Vegas June 28–29.
CEO Debra A. Cafaro says Ventas “exceedingly well-positioned” given aging demographics.
REITs are also providing new services to tenants and helping them pursue homeownership goals.
CEO Doug Bouquard says focus has mainly been on multifamily, but also eyeing industrial.
CEO David Holeman also says the REIT bullish on Sunbelt markets and smaller spaces.
Invesco’s Darin Turner also says most of the recent growth for tower REITs has been international.
Experts stress the importance of finding a JV partner with a similar strategic outlook.
CIO Tom Lorenzini says mREIT “well positioned” within middle market segment.