The separation of real estate companies and equity REITs from banks and financial institutions should precipitate significant demand not only for publicly traded shares of such companies, but also information about them. Investors and financial advisors will need to learn the lexicon and valuation technics that are specific to REITs, and learn them quickly. REITs 101 will be their go-to resource. The book will feature:
- Historical industry performance tables
- Basic information about REITs and the REITs industry
- Equations, bolstered with examples, needed to calculate key metrics used to identify suitable companies
- A dictionary that explains the terminology that is specific to the REIT industry
- A list of publicly-traded REITs: The existing publications do not provide basic listings of publicly-traded REITs. Most stock brokers also do not have a concise, consistent way to identify companies that are REITs.
STEPHANIE KREWSON-KELLY is the Vice President of Investor Relations at Corporate Office Properties Trust (NYSE: OFC). Her career in the REIT industry began in 1994 and includes work in investment banking, as a sell-side analyst, and as an internationally published author. She also serves as an adjunct professor at the University of Denver, Franklin L. Burns School of Real Estate and Construction Management, and as a board member of the James A. Graaskamp Center for Real Estate Applied REIT program at the Wisconsin School of Business.
GLENN R. MUELLER, PHD, is a professor at the University of Denver, Franklin L. Burns School of Real Estate and Construction Management as well as a Real Estate Investment Strategist at Black Creek Group. He has 44 years of real estate experience as a builder, developer, lender, and institutional real estate researcher. His Real Estate Market Cycle research is internationally known as well as his award-winning investment strategy and REIT research.
Foreword
Preface
Acknowledgments
About the Author
Part I – An Introduction to REITs
Chapter 1 – What is a REIT?
Chapter 2 – Benefits of Investing in REITs
Chapter 3 – Real Estate Fundamentals
Chapter 4 – REIT Dividends
Chapter 5 – Leases
Chapter 6 – REITs by Property Type
Chapter 7 – Mortgage REITs
Part II – Investing in REITs
Chapter 8 – Getting Technical
Chapter 9 – Real Estate Debt & Fixed Income Securities
Chapter 10 – REIT Performance in Various Market Conditions
Chapter 11 – Analyzing REITs
Conclusion
Appendix A – REITs Listed Alphabetically by Company Name
Appendix B – REITs Listed Alphabetically by Ticker Symbol
Appendix C – Headquarters Location and Web Addresses for REITs
Glossary
Index