In the latest episode of The REIT Report: NAREIT's Weekly Podcast, veteran REIT analyst Steve Manaker, formerly a managing director with Oppenheirmer & Co., reflected on the changes in the REIT industry during his career.
According to Manaker, the most significant change that he has seen during his time as a REIT analyst is a shifting focus among management teams from short-term goals to sustained growth over market cycles. The change has led to better underwriting and stronger balance sheets, he said.
Manaker also discussed the general impressions of REITs and REIT-based real estate investment among investors and the public. “Overall, I’d say the general understanding is okay right now, but there’s always room for improvement,” he commented.