Ten REITs Named as 2018 Green Lease Leaders by IMT, DOE

06/28/2018 | by

Ten Nareit corporate members have been named 2018 Green Lease Leaders by the Institute for Market Transformation (IMT) and the Department of Energy’s (DOE) Better Buildings Alliance.

The Green Lease Leaders program recognizes companies that incorporate energy efficiency and sustainability aspects into their leases.

“Leading-edge companies are using the lease as a powerful instrument to create higher-performing buildings that not only save energy and money but also provide healthier work environments,” said Cliff Majersik, executive director for IMT.

REITs that received a gold landlord Green Lease Leader recognition include: Brixmor Property Group Inc. (NYSE: BRX); Digital Realty Trust, Inc. (NYSE: DLR); Federal Realty Investment Trust (NYSE: FRT); Forest City Realty Trust, Inc. (NYSE: FCE.A); JBG SMITH (NYSE: JBGS); Kilroy Realty Corp. (NYSE: KRC); Kimco Realty Corp. (NYSE: KIM); and Prologis, Inc. (NYSE: PLD).

LaSalle Hotel Properties (NYSE: LHO) and Weingarten Realty Investors (NYSE: WRI) received a silver landlord recognition.

(Contact: Fulya Kocak at fkocak@nareit.com)

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.