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REITs Pass Midyear Point Up More than 20% wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.
WMRE: Let’s start with performance. What were the highlights for the month? John Worth: REITs are now in positive territory vs. where they were on Feb. 21, 2020, which is our “marker” for the beginning of the COVID period. So, they have now experienced a full recovery in terms of share prices. It’s an important guidepost for REITs to pass. And, in fact, if you look at the full 14 months from Feb. 21, 2020 to April 23, 2021, you see that REITs are up over that 14-month period by 2.1 percent. Every previous time we’ve talked, they’ve been red for the COVID period. ....
Operator Good morning, and welcome to the SITE Centers First Quarter 2021 Operating Results Conference Call. [Operator Instructions] I would now like to turn the conference over to Brandon Day, Investor Relations. Mr. Day, please go ahead. Brandon Day-Anderson Head of Investor Relations Thank you, operator. Good morning, and welcome to SITE Centers First Quarter 2021 Earnings Conference Call. Joining me today is Chief Executive Officer, David Lukes; and Chief Financial Officer, Conor Fennerty. In addition to the press release distributed this morning, we have posted our quarterly financial supplement and a slide presentation on to our website at www.sitecenters.com. This is intended to support our prepared remarks during today s call. Please be aware that certain of our statements today may constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to risks and uncertainties, and act ....