Identifying Elite REITs – Video

Posted: January 8, 2013 at 3:44 pm


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Video Link: https://www.youtube.com/watch?v=8S7jMsDkJ_0


Identifying Elite REITs
http://www.reit.com Matt Werner, portfolio manager with Chilton Capital Management, joined REIT.com for a video interview at REITWorld 2012 NAREIT #39;s Annual Convention for All Things REIT at the Manchester Grand Hyatt in San Diego. Chilton Capital Management is a registered investment advisor (RIA) based in Houston. The firm #39;s core business is providing investment advisory and trust services to private clients, family offices, endowments, foundations, retirement plans and trusts. Werner discussed his company #39;s views on what distinguishes "elite" REITs. "At our firm, we classify each REIT into a different category based on risk. Several of the REITs fall into the blue chip category," said Chilton, who pointed out that the firm then further separated out the "best-quality" REITs from that group. Some of the factors of the elite companies included the predictability of their dividends, flexibility in their balance sheets and above-average same-store net operating income (SSNOI) growth for a sustained period. Chilton also assesses a management team #39;s track record of capital allocation. Werner offered up some of the factors that he #39;s tracking in the current REIT market. "What we hear from investors and potential clients are worries about valuation. REITs have run up a lot, and people want to know if they #39;re going to keep going up," he said. "I like to point to current spreads. We #39;re still sitting at an above-average number there, as well as implied cap rate spread." Werner also ...

By: NAREIT1

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Identifying Elite REITs - Video

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January 8th, 2013 at 3:44 pm

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