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Activist investor: REIT discounts can't persist

Apr. 06, 2017 3:47 PM ETRWR, VNQ, IYR, ICF, NRO, RFI, SEVN, JRS, RIT, SRS, URE, FRI, RQI, PSR, RNP, DRN, DRV, WREI, REK, KBWY, SCHH, DRA, FREL, LRET, XLRE, USRTBy: Stephen Alpher, SA News Editor2 Comments
  • Attending NYU's REITs conference, Land & Buildings' Jonathan Litt sounds like he's looking for more targets, saying REITs rarely get to this level of discount to asset value.
  • Also holding court at the conference, Blackstone's Jonathan Gray acknowledges the headwinds for retail landlords, but says one favorite trade of late - shorting CMBS - is overdone.
  • Source: Bloomberg
  • ETFs: VNQ, IYR, DRN, RQI, URE, SCHH, ICF, RWR, SRS, RNP, RFI, JRS, KBWY, NRO, DRV, RIT, RIF, REK, DRA, FRI, FTY, FREL, LRET, PSR, WREI, XLRE

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