New York, NY Nareit named the winners of its 2019 Investor CARE Awards at its annual REITweek investor forum. 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 are presented to equity REITs in two categories: Large Cap and Small Cap companies. A single Gold Award is presented in the mREIT category. Judging criteria consist 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 Alexandria Real Estate Equities, Inc. The Silver Large Cap winner was Digital Realty, and the Bronze Large Cap Award was presented to Boston Properties.
In the Small Cap Equity REIT category, this year’s Gold Award was presented to Acadia Realty Trust. American Assets Trust won the Silver Award and Lexington Realty Trust captured the Bronze Award.
In the mREIT category, the Gold Award was presented to Starwood Property Trust.
“Financial transparency and accessibility of management teams have long been hallmarks of the REIT industry,” said Nareit president and CEO Steven Wechsler. “These winners of the Nareit Investor CARE Awards embody those attributes in their investor communications. We congratulate them on their achievement.”
This year’s Nareit Investor CARE Award judges included: Bruce Garrison, Matt Werner, Blane Cheatham and Parker Rhea of the Chilton Capital REIT team; Sheila McGrath of Evercore ISI; Merrie Frankel of Minerva Realty Consultants, LLC; and Tiffany Balbuena, Keven Lindemann and Miel Sabas of S&P Global Market Intelligence.