Lamar Advertising CFO on Digital Strategy, Local Market Strength, OOH Opportunity
In this episode of The REIT Report, Lamar Advertising CFO Jay Johnson discusses the company’s digital conversion strategy, emphasizing that while digital billboards now generate over 30% of revenue, traditional static assets will remain essential for certain customers. He highlights growth opportunities in out‑of‑home advertising, particularly the emerging pharmaceutical and AI sectors, and explains how Lamar’s focus on local markets—80% of its business—combined with a strong national presence drives resilience. Johnson also outlines Lamar’s competitive advantages: a billboard‑centric product mix, geographic diversification across 46 U.S. states, and market dominance in small‑to‑mid‑size locales, which together support high EBITDA margins near 47%. Finally, he touches on the SEC’s proposed quarterly reporting changes, noting Lamar is monitoring the impact but sees no immediate effect.
Deloitte’s Jonathan Keith Says CRE Investors Should Remain Nimble as M&A Conditions Shift
Jonathan Keith, Managing Director at Deloitte, outlines a bleak 2025 CRE M&A landscape, with global deal value down 57% and deal count falling over 70%, though average U.S. deal size hovered around $300 million. He highlights sector‑specific opportunities for 2026, noting...
Morgan Stanley Sees Focus Shifting to Demand as Multifamily REIT Supply Pressures Ease
In this episode of The REIT Report, Morgan Stanley’s Adam Kramer discusses how the multifamily REIT sector is moving from a supply‑driven crisis to a demand‑focused recovery as new construction pipelines hit their lowest levels since 2013. He highlights regional...
IREI’s Geoffrey Dohrmann Says Investor Capital Remains Cautious, But Curiosity Returning
In this episode, Jeff Dorman of Institutional Real Estate Inc. discusses how institutional investors are navigating prolonged market uncertainty, shifting from traditional asset‑allocation models to a total‑portfolio approach that evaluates each investment’s monthly contribution. He explains that while capital remains...
How REITs Can Improve Energy Efficiency with Free Virtual Commissioning Resource
In this episode of The REIT Report, Jessica Long speaks with Bridget Bray of Power Takeoff about the company’s utility‑funded Virtual Commissioning (VCX) program, which remotely analyzes smart‑meter data to pinpoint energy waste in commercial and industrial buildings. By providing...
Mizuho’s Vikram Malhotra Sees Logistics Real Estate in Early Stages of New Upcycle
Vikram Malhotra, Managing Director of REIT Estate Equities at Mizuho, explains that the logistics and industrial real‑estate sector is entering a new upcycle, driven by strong demand for large‑box warehouses from retailers like Walmart and Amazon, as well as emerging...
REIT Leadership Expectations Shifting Amid More Complex Environment: Ferguson Partners
In this episode of the REIT Report, Ferguson Partners' Courtney Kalanog and Mike Cordingly discuss the evolving leadership demands for the next generation of REIT CEOs amid a more complex, less forgiving market environment. Their research, based on interviews with...
Baird’s Michael Bellisario Says Lodging REIT Outlook Cautiously Optimistic
In this episode of the REIT Report, senior research analyst Michael Bellisario of Baird outlines a cautiously optimistic but muted outlook for lodging and hotel REITs in 2026. He highlights modest RevPAR growth driven by events like the World Cup...
CenterSquare’s Todd Briddell Highlights Alpha Opportunity, Innovation in REIT Market
In this episode, CenterSquare CEO Todd Bridell discusses how the firm’s 30‑year REIT strategy turns market volatility into alpha, consistently outperforming both public benchmarks and private real‑estate products. He explains the shifting dynamics between public REITs and private markets, noting...
Citi Global Real Estate Team Sees Higher Returns, More Positive Supply Outlook in 2026
Citi’s global real estate research team—Nick Joseph (U.S.), Aaron Guy (U.K.), and Howard Penny (Australia)—forecast higher real estate stock returns in 2026 than in 2025, driven by a more encouraging global supply‑demand balance and constructive growth outlooks. They expect total...
CBRE’s Henry Chin Expects Increased Capital Deployed in U.S. Real Estate
In this episode, Henry Chin, global head of research at CBRE, outlines the outlook for U.S. commercial real estate investing in 2026, noting a strong investor sentiment and an anticipated 16% rise in capital deployment. He explains that the surge...