Nareit's REIT Report Podcast

Nareit
  • 4.5 (38)
  • Business
  • Updated Weekly

A show about the latest news and developments in REITs and real estate investment. All episodes feature informative and timely interviews with REIT and publicly traded real estate executives, analysts, industry professionals, and thought leaders. 

  1. 12h ago

    Multifamily REIT UDR CFO on Adopting Monthly Dividends, Record Low Turnover

    Dave Bragg, CFO at UDR, Inc. (NYSE: UDR), joined the REIT Report podcast to discuss the multifamily REIT’s decision to adopt a monthly dividend, its strategic focus on operational excellence, and the current state of the multifamily real estate market.  Bragg noted that adopting a monthly dividend reflects the REIT’s efforts to seek new and different sources of capital, including individual investors. Through a range of education efforts, UDR is looking to showcase its “50-year history of about $9 billion of dividends paid,” and a healthy dividend yield today that has been characterized by “stability and growth over time.” UDR is also increasingly applying a data-driven approach to capital allocation, according to Bragg. “It's a very collaborative process that has informed our dispositions and our share buybacks, which have been a focus so far this year,” he said.

    12 min

  2. Jul 2

    Barclay’s Brendan Lynch on Data Center REITs’ Extended Growth Opportunity Amid AI Demand

    Brendan Lynch, co-head of U.S. equity REIT research at Barclays, discussed data center REITs on the latest REIT Report episode, noting that the sector is rebounding as enterprise AI demand accelerates, leasing pipelines grow, and investors seek more direct exposure. Lynch said the recent Blackstone Digital Infrastructure Trust (NYSE: BXDC) IPO shows “there are investors who are looking for a specific type of exposure,” in the data center sector, notably stabilized assets. Meanwhile, record demand should support revenue growth, margin expansion, and cash flow growth as operators scale, he said. Development yields have improved from 6% to 7% in 2021–2022 to low double digits and, in some cases, the mid-teens, although customers’ ability to self-build limits the upside. Power remains a key constraint, Lynch observed, but operators are getting more creative through retrofits, grid solutions, and behind-the-meter options. On regulatory pushback, “a lot of the things that are the cause of NIMBYism, I think, are misunderstandings about how data centers can fit into a given environment," he said. Chapters:    00:00 AI CapEx Runway 00:39 Welcome to REIT Report 00:58 Data Center REIT Comeback 02:39 Leasing Pipelines Growth 03:08 Development Yields Shift 04:28 Power Constraints Markets 05:38 Creative Power Solutions 06:06 NIMBY Pushback Regulation 07:41 Winners Ecosystem Pricing 08:49 Is Now Good Entry 09:53 Data Centers in Space 10:53 Wrap Up Subscribe

    11 min

  3. Jun 25

    Kimco Realty’s David Bujnicki on Navigating Today’s Shifting IR Landscape

    David Bujnicki, senior vice president of investor relations and strategy at Kimco Realty(NYSE: KIM), joined the REIT Report podcast to discuss the significant changes that have occurred across the investor relations landscape. The importance of understanding your audience, leveraging technology, educating and managing expectations, and soliciting feedback were among the main themes addressed. Bujnicki described how the focus of investor relations has shifted from net asset value and portfolio management to earnings growth and how companies are managing their cost of capital. He attributed this to the continued rise of passive investors and hedge funds that are more short-term focused. He emphasized the importance of adapting IR strategies to cater to the evolving needs of these investors. Furthermore, educating investors on operational fundamentals has become crucial, Bujnicki said. He noted that while Kimco's operating fundamentals are at their best, it is essential to help investors understand why earnings growth may not always reflect that reality. Informing investors about the longer timelines involved in real estate transactions can help manage these expectations more effectively, he noted. Chapters:  00:00 Flexible Disclosures 00:28 Welcome to REIT Report 00:53 IR Changes Decade 01:25 From NAV to Earnings 03:32 Educating Investors Today 05:25 Capital Allocation Levers 06:39 Staying Long Term 08:06 Pivoting in Crises 08:44 AI in Investor Relations 10:57 Investor Feedback Loop 12:59 Future IR Priorities 14:12 Symposium Takeaways 15:58 Closing Thanks

    16 min

  4. Jun 18

    Lamar Advertising CFO on Digital Strategy, Local Market Strength, OOH Opportunity

    Jay Johnson, CFO and treasurer at Lamar Advertising Company (Nasdaq: LAMR), joined the REIT Report podcast to discuss the state of out-of-home (OOH) advertising, where Lamar sees new growth potential, the importance of serving local as well as national clients, the growing share of digital advertising, the enduring appeal of traditional billboard formats, and more.  Founded in 1902, Lamar has been publicly traded for nearly 30 years and transitioned to a REIT 12 years ago. The company’s longevity is rooted in the ability to remain relevant to clients as the business has evolved from traditional billboards to digital and programmatic advertising, Johnson noted. Johnson described OOH advertising today as well positioned, with national advertising improving and new categories like pharmaceuticals opening meaningful opportunities. “It’s a great time to be in out-of-home,” he said, noting that even a small share of pharma ad spending could be significant for Lamar.  Chapters:  00:00 Digital vs Static Reality 00:28 Welcome to The REIT Report 00:56 Lamar Longevity and Evolution 02:18 Out of Home Market Tailwinds 03:06 New Verticals Pharma and AI 04:33 Footprint and Economic Signals 05:30 Digital Conversion Strategy 07:11 Local Sales Engine 08:16 Top Local Advertiser Verticals 09:12 SEC Reporting Debate 10:17 Three Competitive Pillars 12:26 Scale Performance and Wrap Up

    13 min

  5. Jun 11

    Deloitte’s Jonathan Keith Says CRE Investors Should Remain Nimble as M&A Conditions Shift

    Jonathan Keith, managing director at Deloitte & Touche LLP, joined the REIT Report podcast to discuss how, as commercial real estate M&A activity evolves, investors must remain agile and informed. By understanding market trends, focusing on sector-specific opportunities, and considering geographical dynamics, stakeholders can position themselves for success, he said. “It's tough to anticipate what's going to happen with interest rates. It's tough to anticipate what's going to happen geopolitically. But if you have access to capital and have your strategy in place, you can be nimble and pounce at the right time to make a deal when the right factors line up,” Keith said. Keith noted that in 2025, global commercial real estate M&A deal value fell 57% year-on-year as volume count dropped over 70%, with deals in the United States averaging about $300 million. For 2026, caution remains, with activity centered on sectors including data centers, multifamily, and industrial. Chapters 00:18 Welcome And Guest Intro 00:40 2025 Deal Activity Recap 01:20 2026 Outlook And Hot Sectors 02:03 Data Centers Power And Deal Structures 03:44 Where Data Centers Are Growing 04:29 Office Sector Winners And Losers 05:50 Residential Markets By Region 07:37 Single Family Rentals Policy Watch 08:47 Platform Consolidation And Vertical Integration 10:04 How Investors Can Prepare 10:59 Office To Residential Conversion Wrap Up

    12 min

  6. Jun 4

    Morgan Stanley Sees Focus Shifting to Demand as Multifamily REIT Supply Pressures Ease

    Adam Kramer, vice president of equity research at Morgan Stanley, joined the REIT Report podcast to discuss developments in the multifamily REIT sector. While factors such as geopolitical tensions, elevated interest rates, and policy uncertainty have contributed to caution in the market, Kramer emphasized that the real focus is on the apartment supply cycle and the pace of demand recovery.  “For us, it's much more about fundamentals, much more about rent growth, occupancy and how that looks in the recovery from supply,” Kramer said. According to Kramer, the sector is now clearly nearing the end of its historic construction wave, with the national under-construction pipeline at its lowest level since 2013 and housing starts trending toward their weakest levels since 2012. Chapters:  00:00 Recovery After Supply 00:23 Welcome to REIT Report 00:41 Macro Uncertainty Outlook 02:04 Supply Cycle Nearing End 04:33 Coastal vs Sun Belt 06:03 Submarket Divergence 07:36 NOI Growth Drivers 09:39 Balance Sheets and Rates 10:38 Management Priorities Ahead 11:41 Closing and Subscribe

    12 min

  7. May 28

    IREI’s Geoffrey Dohrmann Says Investor Capital Remains Cautious, But Curiosity Returning

    Geoffrey Dohrmann, founder, chairman, and CEO of Institutional Real Estate Inc. (IREI) joined the REIT Report podcast to discuss how institutional investors are navigating the changing landscape of real estate allocations amidst a prolonged period of market uncertainty.  “There’s a pricing reset going on, there's capital market stress, and there are structural demand shifts that are happening all at once,” he said. Investors are increasingly unsure about which signals to heed, leading to a widening knowledge gap between those who understand the context of these changes and those who react purely on instinct, Dohrmann said. This moment in the market is marked by cautious capital, he said, “but curiosity is starting to come back, which is a good thing.” Dohrmann also pointed to a “tremendous opportunity” for REITs to create joint ventures. REITs are “integrated vertical operating companies. A lot of pension funds and a lot of pension fund investment managers like to invest in joint ventures with operating companies. But the advantage a REIT has is access to both private and public capital.”

    19 min

  8. May 21

    PwC’s Tim Bodner Sees Volatility Impacting Pace, Not Direction, of CRE Recovery

    Tim Bodner, global and real estate deals leader at PwC, told the REIT Report podcast that the commercial real estate environment is marked by cautious optimism, with investors increasingly focused on how quickly to deploy capital as macro volatility impacts the pace, rather than the direction, of recovery. “We like to think of it as a mood of cautious optimism with the dial creeping up,” he said. Private real estate values appear to have bottomed in late 2024, transaction volumes are expected to rise 16% to 20% this year, and institutional investors have returned as net buyers, he pointed out. Global investors, meanwhile, have raised their planned U.S. allocation from 11% to 16% during the last year. “So even with tariffs and political noise, the U.S. still wins on liquidity, transparency, and just the options around growth,” Bodner said.

    21 min
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4.5
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38 Ratings

About

A show about the latest news and developments in REITs and real estate investment. All episodes feature informative and timely interviews with REIT and publicly traded real estate executives, analysts, industry professionals, and thought leaders. 

Information

  • Creator
    Nareit
  • Years Active
    2013 - 2026
  • Episodes
    419
  • Rating
    Clean
  • Copyright
    © 2026 Nareit's REIT Report Podcast
  • Show Website
    Nareit's REIT Report Podcast

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