REITs Likely to See Range-Bound Trading for Rest of 2019, Portfolio Manager Says

Matt Werner, managing director and portfolio manager at Chilton Capital Management, participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio.

Werner, who participated on a REITwise panel focused on disclosure best practices, discussed ways that REITs can make non-GAAP metrics more useful to investors.

Werner also discussed the state of REIT valuations.

“Right now, REITs are pretty fairly valued. They could be somewhat range-bound for the rest of the year, depending on what happens with the economy,” he said. Meanwhile, the current level of REIT market volatility is “pretty low, so I’d expect that to increase and possibly create some opportunities for buying,” he added.

Looking ahead, Werner said 2020 could be an inflection point for the REIT market.