Hal Morris, writing Thursday on his Grumpy Editor blog, has problems with a Wall Street Journal article that lumps all real estate investment trusts together in an outlook piece when many of them have different strategies.
“But the almost half-page story focuses mainly on office REITs and devotes three long paragraphs on Atlanta-based, New York Stock Exchange-listed Cousins Properties Inc., which the writer reported ‘posted a 3 percent loss in the third quarter — making it the worst performer in the Dow Jones index among REITs with a market capitalization greater than $500 million.’
“Cousins’ portfolio includes commercial and office properties, including a troubled 25-story office tower in Atlanta.
“While the office (and industrial) segment is a major part of the REIT industry’s mix, others in the field — with about 200 REITs publicly traded — distinguish themselves by specialization: • Retail; • Residential; • Health care; • Self storage; • Mortgage backed; • Lodging/resort; • Diversified; • Specialty.
“So a true REIT roundup should touch on representative companies in all categories.”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…