NYSE Official Says REIT IPO Market Off to Active Start in 2017

Ron Bohlert, sector leader of the real estate and insurance group at the New York Stock Exchange (NYSE), joined REIT.com for a video interview at REITWise 2017: NAREIT’s Law, Accounting & Finance Conference in La Quinta, California.

Bohlert commented that 2017 is off to a “really active start” in terms of initial public offering (IPO) activity. Three REITs have listed on the NYSE so far this year - the IPO of home rental company Invitation Homes Inc. (NYSE: INVH) in January, followed by Clipper Realty Inc. (NYSE: CLPR) and Sachem Capital Corp. (NYSE: SACH) in February. He pointed out that the Invitation Homes offering is the second-largest REIT IPO on record.

Bohlert also discussed the first-ever REIT Investor Relations Symposium, to be held on June 5 at the NYSE. The invitation-only event will be co-sponsored by NAREIT and the NYSE and will allow IR professionals to exchange ideas and best practices, he noted.

The symposium will include:

  • A panel discussion with veteran REIT analysts talking about how they digest the information coming from listed companies;
  • A panel on REIT market structure , including the role of the designated market maker in supporting equity trading and
  • A panel of REIT CFOs explaining what they view as a successful IR program within their companies.