Sarah Borchersen-Keto

CEO Steve Budorick says critical nature of tenants’ missions insulates REIT from work from home, corporate rightsizing.

Nareit analysis shows that active fund managers can successfully read the market.

REIT is initially dedicating over 8 million square feet of rooftop space in Maryland, New Jersey, Illinois.

Analysts say moderating trend likely in second half with seasonality returning and operating expenses as a headwind before normalizing in 2024.

Nareit’s Ed Pierzak says REIT balance sheets benefitting from low leverage, access to unsecured debt.

Rivel’s Gene Rubin also says recent survey shows outlook for REITs as investment class has “improved significantly.”

In the company’s first 10 years, its strategy has been proven through COVID and economic challenges.

Analysts say supply is limited; REITs awaiting potential buying opportunities.

Nareit’s John Worth and MSIM’s Laurel Durkay discussed REIT performance and sector trends.

Invesco’s Darin Turner also says most of the recent growth for tower REITs has been international.

REITs are also providing new services to tenants and helping them pursue homeownership goals.

PwC’s Tim Bodner says creative financing options are emerging as traditional sources remain hesitant.