News Category: Industry News
Joe Margolis, CEO of Extra Space Storage Inc. (NYSE: EXR), joined REIT.com for a video interview at REITWeek 2017: NAREIT’s Investor Forum at the New York Hilton Midtown. Click here for the video.
“They had 33 percent of their portfolios on average in real estate at the end of the second quarter, according to a survey by Tiger 21 released Tuesday. That’s a record since the group of high net-worth investors started measuring aggregate allocations in 2007.” Click here for the full article.
Summary The REITs have pulled back 19-26% in the last 12 months. It’s time for investors to reset their dividend growth and returns expectations of the REITs. Slower FFO per share growth and expanded payout ratios will lead to lower dividend growth. Click here for the full article.
SpareFoot’s Alexander Harris recaps Public Storage third quarter earnings call. Click here to read more