Brendan Wood International Investor Conviction Intel – Real Estate/REITs
New York, NY, May 11th, 2023 (TopGun Press)
Below are the most in-demand Real Estate/REIT Stocks based on our daily chats with global investors. Below is a link to the Investor Conviction Intel on Welltower.
SL Green – The Manhattan office market continues to be tested by high vacancy rates. Investors have had a lack of confidence mainly due to the correlation between the market, price movement and the lack of visibility on growth.
Welltower – Welltower continues to distinguish themselves as best in class among their peers and as one of the top names in the REIT space. Investors are positive on the deals they have been making and have a lot of confidence in this management team as a collective. CEO, Shankh Mitra, a former investor himself, is regarded as a visionary in the space and there is a strong sense of trust in his ability to execute on what he is laying down. (Click Here for Investor Conviction Intel on Welltower)
Boardwalk – The Alberta based REIT has seen a surge in momentum and their shareholder confidence index scores since the beginning of the pandemic. Investors praise the way Sam Kolias and team have managed the company through initially turbulent times, coupled with the tailwinds they receive being a multi-family name primarily in Western Canada without the rent control restrictions of other provinces.
Northwest Healthcare – Northwest Healthcare Properties’ momentum has dissipated as a result of the lack of execution on their strategy and the debt they have taken on to do deals.
Essex – The turnover in the management team has been a point of interest for investors we have spoken with. Although the strategy is perceived as a positive, the new management team walking into a difficult macroenvironment has left most investors waiting to see how they execute.
Boston Properties – Boston Properties is seen as a top management team with a sound plan that is unfortunately situated in a tough space. Even with all the turbulence in the office market and falling share prices in these REITs, investors continue to hold the team managing the company in high regard.
Largest CEO Confidence Score Changes (Quarter over Quarter) (YE4Q2022 vs. YE1Q2023):
Boardwalk Real Estate Investment Trust = +29%
Klepierre SA = +21%
Citycon OYJ = +13%
Extra Space Storage Inc = +11%
Digital Realty Trust Inc = +8%
Chartwell Retirement Residences = -10%
Allied Properties Real Estate Investment Trust = -8%
Deutsche Euroshop AG = -8%
Artis REIT = -7%
Vonovia SE = -6%
Largest Board Confidence Score Changes (Quarter over Quarter) (YE4Q2022 vs. YE1Q2023):
Digital Realty Trust Inc = +8%
Klepierre SA = +5%
H&R Real Estate Investment Trust = +5%
British Land Company = +3%
Ventas Inc = +3%
Northwest Healthcare Properties REIT = -6%
Vonovia SE = -6%
Slate Office REIT = -3%
SITE Centers Corp = -3%
Covivio SA = -3%
Sell-Side Analysts Being Paid for Real Estate/REIT Coverage from Global Investors:
US Real Estate/REIT Sell-Side Analysts:
1. Steve Sakwa – Evercore ISI
2. Jeffrey Spector – Bank of America
3. Simon Yarmak – Stifel Nicolaus
European Real Estate/REIT Sell-Side Analysts:
1. Bart Gysens – Morgan Stanley
2. Marc Mozzi – Bank of America
3. Osmaan Malik – UBS
Canadian Real Estate/REIT Sell-Side Analysts:
1. Mario Saric – Scotia Capital
2. Michael Markidis – BMO Capital Markets
3. Pammi Bir – RBC Capital Markets
About Brendan Wood International:
Brendan Wood International (BWI), formed in 1970, is a private advisory group which originates performance investigation programs in the capital markets. Brendan Wood Partners debrief large institutional investors worldwide on a daily basis. There are 2000+ live consultations with professionals overseeing +/- $55 trillion invested in the +/- 1400 big cap companies on the BWI Index. Relying on its real time performance intelligence, BWI advises public companies, institutional and activist investors, investment banks and broker dealers on strategy, performance and recruitment of TopGun talent. The firm’s partners have formally presented at 1000+ C level strategy meetings and corporate off-sites in fifty cities. Brendan Wood founded the exclusive TopGun Club, a performance based institution. Brendan Wood International is the exclusive Index Provider to the AXS Brendan Wood TopGun Index ETF (Ticker: TGN)
Disclaimer:
We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International’s subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. This report is not meant as investment advice and should not be interpreted as advising on the value of a company’s securities, the advisability of investing in, purchasing or selling any company’s securities or any other conclusion relating to investment/divestiture of a company’s securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any company’s securities.
Related Links:
www.TopGunPress.com
www.brendanwood.com
@BrendanWoodIntl
Contacts:
Jordan Novak
Partner
Brendan Wood International
+1 416 924 8110
jnovak@brendanwood.com
Gerso Pelaez Herrera
Field Director – Real Estate/REIT
Brendan Wood International
+1 416 924 8110
gpelaezherrera@brendanwood.com
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