In their search for a sustainable yield, investors have bid up real estate stocks.
In general, real estate stocks have tempered toward fair value.
CEOs tout current tailwinds, but we're wary of long-term benefits.
Well-located properties, high-quality facilities, and high levels of specialized knowledge will help Alexandria fend off new players to the lab-space real estate market, says CEO Joel Marcus.
Ventas CEO Debra Cafaro describes how she takes steps to diversify tenant exposure and clean up the firm's balance sheet to consistently create shareholder value.
As investors have fled to perceived safety, real estate valuations have diverged sharply.
We believe REITs will increase cash payouts in 2010.