Successful REIT investing depends upon access to reliable data and information paired with consistent, methodological assessment of that information. Phocas Financial's REIT research includes both proprietary, quantitative valuation models and in-depth qualitative analysis of individual REITs.
- We gather public and published data from REIT organizations and other sources.
- We have access to reliable asset value and earnings estimates.
- We talk with management teams on an ongoing basis.
|Qualitative Criteria||Quantitative Criteria|
Strong, creative and experienced management teams that can create value and provide a competitive edge
Flexible balance sheets
Excellent asset quality and locations
Acceptable risk profiles
Net Asset Value (NAV) analysis
Discounted cash flow growth analysis
Relative multiples analysis
We analyze each REIT from the bottom up, looking at past performance, current prospects and strategy for the future. We seek the management teams and strategies that will deliver the best risk-adjusted returns to their shareholders, while maintaining price and value disciplines.