UDR, Pebblebrook, Starwood Win Top NAREIT Investor Care Awards

Annual Awards Recognize Best Shareholder Communications Among REITs

Winners Chosen by Analysts, Portfolio Managers From Field of 200+ REITs

NEW YORK, June 6 – The National Association of Real Estate Investment Trusts (NAREIT) today named the winners of its 2017 Investor CARE Awards at its annual REITWeek investor forum in New York. The Investor CARE Awards – recognizing communications and reporting excellence – are presented annually to the stock exchange traded REITs that have demonstrated superior performances in shareholder communications. All NAREIT listed corporate members – approximately 200 companies – are evaluated for the awards each year.

Gold, Silver and Bronze Awards were presented this year to Equity REITs in two categories: Large Cap and Small Cap companies. A single Gold Award was presented in the Mortgage REIT category. Judging criteria consisted of online presence, including a company’s web site; quality of SEC filings; and investor relations practices, including the quality of earnings calls and management’s accessibility to investors.

In the Large Cap Equity REIT category, the Gold Award was presented to UDR, Inc. (NYSE: UDR). The Silver Large Cap winner was GGP, Inc. (NYSE: GGP), and the Bronze Large Cap Award was presented to Brixmor Property Group, Inc. (NYSE: BRX).

In the Small Cap Equity REIT category, this year’s Gold Award was presented to Pebblebrook Hotel Trust (NYSE: PEB). Pennsylvania Real Estate Investment Trust (NYSE: PEI) won the Silver Award and Summit Hotel Properties, Inc. (NYSE: INN) captured the Bronze Award.

In the Mortgage REIT category, the Gold Award was presented to Starwood Property Trust (NYSE: STWD).

“The REIT industry is well recognized by the investment community for the transparency and clarity of its financial reporting and the accessibility to shareholders of its management,” said NAREIT President and CEO Steven A. Wechsler. “These are key ingredients of good corporate governance, and this year’s NAREIT Investor CARE Award winners demonstrate these characteristics of the REIT approach to real estate investment exceptionally well. We congratulate them for their achievements.”

This year’s NAREIT Investor CARE Award judges included: the Chilton REIT team, including Bruce Garrison, Matt Werner, Blane Cheatham and Parker Rhea; Steve DeLaney of JMP Securities, LLC; Gautam Garg of Lazard Asset Management; Bose George of Keefe Bruyette & Woods; Keven Lindemann of S&P Global Market Intelligence; David Loeb of Dirigo Consulting LLC; PGIM Real Estate and RBC Capital Markets and the RBC REIT Team.

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