NEW YORK CITY—Green Street Advisors, the Newport Beach, CA-headquartered, independent researcher of REITs and the CRE industry has 30 years of data comparing pricing of REITs versus stocks. Mike Kirby, the company's chairman and director of research, said with public market real estate, “It is flashing a cheap signal. REITs look cheap versus stocks.”
REITs have delivered better earnings growth for the last 20 years. When compared to capital markets alternatives, private market real estate is fairly priced, Kirby said.
NYU's Schack Institute of Real Estate hosted its 23rd Annual REIT Symposium at The Pierre on the Upper East Side of Manhattan on Tuesday. Sam Chandan, Associate Dean, NYU Schack Institute of Real Estate reviewed the state of the industry with Kirby.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
