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Would You Invest In A REIT Right Now?
REITs dropped 5% following Wednesday's CPI news. Rising inflation can put pressure on REITs due to potential interest rate hikes. Do you think their current depressed valuations and low AFFO multiples present a buying opportunity?
Sophomore Summer 2025 Internships
Hi all, I was wondering what specific internships I should be looking for to optimize my chances for sophomore summer (2025) and when I should. Additonally, I received an offer to work in the m&a of a nyse-listed commercial REIT with their due diligence process. Will this help me significantly in...
How to land a corp. fin. / accounting position at a REIT right out of school?
22 y/o, graduated from T20 last semester, now pursuing a MAcc at a T5. Any advice for someone who's interested in working in the real estate industry, particularly REITs? Anyone know of any finance/accounting leadership development programs at REITs?
Interviewing at Tricon Residential
Has anyone interviewed at Tricon Residential for an analyst position? Not much I could find online, but does anyone know how many rounds, is there a modeling test, etc. Any color would be appreciated.
REIT vs. REPE
What is it like to work at a REIT as opposed to working at a REPE company or some other real estate role in terms of exit opps, compensation, deal work, etc?
REIT (London)- boring?
Hi, I am applying for a REIT fund in London, in the investments team. I am unsure if the job is boring given that the risk profile of a REIT investment tends to be quite low (compared to REPE's investments for example). What do you think?
REIT Investment Case Study
I have an interview for an investment position at a reit and was hoping some monkeys could send me any prior reit case studies they have been given. Unsure how different the interview will be from pe since this would focus on FFO and stock accretion and has different debt facilities. I'm coming from...
Commercial Banking or Investment Sales: Better Future Opps?
Jumping into finance with 2 years of experience in SaaS sales from top Canadian B-School undergrad (Ivey, Smith, etc.) - current TC 90k Am lucky enough to have received two offers - one for commercial banking analyst (70k TC soft 2 year commitment) at top Canadian Bank and another for investment...
NAV model excel
I am looking for an example of an excel model used by Greenstreet to analyze NAV of REITs. I am doing research to decide where to invest a portion of my own capital. Do you know where I can get a sample file?
Someone please help me out to make a choice between 2 Internship offers
I am from India pursuing Bachelor's In Accounting and Finance (B.A.F) in my second year presently ,its a 3 year course.I am in top 10 percentile of my class academically and have alright extra curricular (part of BFSI Club in college, 2-3 case competitions) , I was actively looking for internship...
REPE to Hedge Fund with RE Coverage
Has anyone made this pivot before? Recently, I have had a bunch of headhunters reach out to me about pivoting to hedge funds where I would be covering REITs. I think the pros are it would potentially make me a more well rounded RE investor and of course the upside is nice. Downside is that you don't...
Analyst Pay at REITs
I am curious what the first-year analyst pay looks like at some of the major REITs (think Vornado, Simon, Prologis, WP Carey, etc.) Does some of the pay tend to come in stock options at REITs? Also, if anyone has any input on starting a real estate career at a REIT vs. other REOCs and investment...
When to Transition
Hi All - First post on WSO and looking for some advice/ out-side opinions. Recently promoted to the capital markets lead at my current company (a private lender who targets > 90% sell though on all loans we originate), before I was promoted I was pretty frequently sending my resume to firms on the...
REIT Drug / Marijuana Test in NYC
Hi all, I was curious if anyone had info about New York's law banning marijuana pre-employement tests as it relates to REITs. The law contains several exemptions (allowing marijuana pre-employment tests) for jobs where the federal government is involved. Specifically, I'm wondering if any of these...
Post-MBA REIT compensation
Hi all, I just got an offer to work for a REIT in its Investments and Acquisition team. This is a post-MBA Associate role with base of $150k, bonus 20-30%, and $10k signing bonus in a HCOL city (NY/LA). Does this seem like a reasonable package for post-MBA? Should I try to negotiate? The company...
Agency lender to W.P. Carey career switch?
Hey monkeys, I need some career advice and appreciate any feedback. I graduated in 2019 from a non-target and have only been working as an underwriting analyst for a couple of months (8 months). It has been great working on the agency lending debt side, as I have learned a lot in that short period...
In Need of a Nifty CapIQ template for a REIT
Any chance someone is willing to share a simple CapIQ template for a REIT? I'm literally asking for a friend. I don't know what CapIQ is ha. Thanks!
Non-Target Construction to MF REPE - 14 Years Later
Hey folks, Don't post here often, but wanted to share & answer any questions of aspiring FIN/RE folks. I've seen so many different things on this forum and others, many depicting the "right way" and "proper path" to go about things. I think an influx of people I've seen on both here and other forums...
REIT to REPE sponsor
Hello all! I currently work as an acquisitions analyst at a large public REIT. I started off working in the operations department as a utilities analyst. My question is, do public REITs offer good “experience” (something to show as a sort of track record) when it comes to forming your own...
Move from REIT to REPE
Cheers guys, you all helped a lot with my career guidance. will make sure to do more research as well over the next few years! thanks!!
Going Back to School... Is it Worth it?
Hey there WSO community, Currently 3 years out of school. Can best be described as a "senior analyst" with a large CRE private equity shop in an asset management (with some underwriting/acquisition work) role. However, I'm looking to move into more of a development or acquisitions role, either with...
Mortgage REIT (mREIT) Financial Modeling
What is the best way for hands on practice with the debt side of modeling, particularly commercial RE debt? I recently purchased BIWS - they have a section on REITs but their financials differ from the debt side I'm looking for. Has anybody had luck with this? Would the FIG modeling suffice (just...
Moving from REIT Financial Analyst to Public Markets Equities Role (AM/HF)?
Hi WSO , Originally posted this in the RE forum but moving it to the AM & HF forums for any additional insight. Any advice or thoughts that you guys are able to offer on how to move from a Financial Analyst role at mid-size REIT to an equities investment role (or the feasibility of this) would be...
Moving from REIT Financial Analyst to Public Markets Equities Role (AM/HF)?
Hi WSO, Any guidance or thoughts that you guys are able to offer on how to move from a Financial Analyst role at mid-size REIT to an equities investment role (or the feasibility of this) would be really appreciated. More specifically, how to move to a REIT/ROC desk at an AM firm. As background, I...
ER interview prep for REITs
Hey, I have a model and writing test on Thursday for an ER associate role in the REITs sector. Given it is three hours, should I expect a valuation style case study or just an update model with the latest news type of case study?
Corporate CRE lending to Acquisitions
Hi All, I work within a bank's CRE arm providing traditional corp banking services to large clients (most being publicly-traded REITs). Almost all deals focus on the entity, rather than the asset/portfolio they're acquiring/developing. I am brand new to the industry and feel that my interests align...
Real Estate Debt Investor vs. Real Estate Equity Investor
If you were just about to start your career - would you prefer to be a real estate debt investor or a real estate equity investor? And why?
What Multiples are used to evaluate Mortgage REITs
What are different multiples used to evaluate mortgage REITs? I know Equity REITs looks at FFO and AFFO multiples. Not sure about Mortgage REITs .
A company that owns REIT - which line from REIT goes into the parent co's revenue?
Hi everyone: I'd appreciate your insights on a quick question please. If a parent company owns REIT units - which line of the REIT goes into the ParentCo's revenue line? Is it AFFO / FFO, or is it 50% x revenue (suppose the ParentCo owns 50% of the REIT entity)? Thanks!
OFFER TIME - Which one?
Sup guys, trying to figure out which offer is better and will set me up better for my career aspirations. I am two years in the workforce (1.5 years since I received my degree) and have been involved in the asset management function of a brokerage (JLL/CBRE) for about 20 months. Long term career...
Starwood Property Trust SA interview
Hello fellow monkeys, I wanted to see if anyone had gone through the Starwood Property Trust Summer Analyst interview process? I had a phone interview at the beginning of the week and am waiting to hear about next steps. Does anyone know what takes place after the phone interview if you are accepted...
REIT - AM Modeling Test
Happy Friday people. I have a modeling test tomorrow for a REIT , specifically in their asset management group. I haven't gotten much background from the recruiter about the test, but I am pretty sure it's the final part of the interview process so obviously I want to be prepared. Has anyone been in...
Books and resources about international (non-US) REITs
You can find pretty much everything about US reits: books, analyses, online data etc. International REITs are mostly relatively young and there's much less material. I'd like to read a book about REITs which also covers the peculiarities of global REITs: risks, returns, tax issues, real estate and...
Should I accept my internship at FINRA even if it's not what I want to do?
Hey all, I recently received an offer from FINRA for market regulation (20/hr + relocation costs for the summer). I am late to the game and am glad to have an offer, but given that it doesn't fit my ideal career path I am curious to accept it. I'm a junior at a semi-target with a 3.4 in economics...
Four Corners Property Trust
Four Corners Property Trust (NYSE:FCPT) is among the nation’s leading owners of restaurant real estate. With a strong and proven portfolio of 751 properties located across 46 states, the Company is positioned to grow and further diversify its portfolio.
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Net Lease REIT Exit Ops
I work for a Net Lease REIT in acquisitions. This is my first job out of college, decent pay, awesome work culture/bosses. However, thinking about exit ops gets me a little worried. I feel like I will have good experience, especially starting my career on the acquisitions side, but I don't want my...
Life Co Internship Ex Ops?
Hello! Thanks to the advice of WSO , I began networking and got myself an internship in the CRE department of a regional LifeCo company that invests in commercial mortgages. My question is how do I leverage this position or make the most of it? From my interviews it seems that they deal with mostly...
Real Estate Investment Interview Thank You
Just finished up a final four interview with a RE investment and development firm. I'm looking to make a lasting impression with the follow-up email. What are the things that I absolutely should or should not include, it is a smaller shop so the role would be an associate one and wearing all hats...
REITs - Typical deal structure
Folks in REITs , can you please answer if REITs have some sort of fees and promote structure set up like the PE folks? How do REITs typically structure their deals and allow themselves to get from deal-level teens IRR to the monstrosity returns REPE folks get?
Incoming REIT Analyst | Preparation & Staying Up To Date
I'm an incoming analyst at a REIT coming from a broader corporate finance role (think FP&A or valuation). In preparing for the start of this new role, I've been keeping abreast of general news involving larger REITs (and the one I am going to work for), but I was wondering if there is anything more...
Started at a REIT - What are my opportunities outside of Real Estate
I couldn't find a great thread on my question so any insight would be greatly appreciated. I am in the asset management and underwriting department of a REIT . I am starting to wonder what opportunities could be available to me outside of the real estate industry. I do a lot of excel work (modeling...
REIT info
I see some large multi fam REITs with guidance saying they expect around 100-200mm in acquisitions, roughly that or x1.5 in dispositions....... what are your thoughts on this as a barometer on institutional holding periods this year. People are in HOLD mode?
Question about REITs
Could you recommend an example of a spreadhsheet comparing three REITs that are either all in same sector or all in different sectors or vary by market cap or ratings.
How do you get a job at an elite development/REPE company or REIT without the standard prerequisites?
Alright thanks for bringing me down to earth guys. That did sound incredibly douchy and I deserved those comments below. Good thing I posted on here first. Not gonna do any of that. I'll just network and be chill about it.
Upcoming TD Bank Credit Analyst Commercial Real Estate Interview
Hey I have an upcoming interview in TD's Boston Office for a Credit Analyst dealing with commercial real estate and REIT portfolio. Anyone have any interview experience with TD or this field with another bank that can give some pointers? Interview questions to prepare for?
Financing Property Acquisition - What is the Best Method?
I've been studying the state highway plans. A new stretch of an interstate is targeted for an older (can even be considered distressed) neighborhood of 150 or so homes. Once the interstate goes in, its location makes it ideal to redevelopment into a premium neighborhood. I was pondering if you could...
Summer Analyst or Internship Positions in a REIT or REPE Shop
Hi Guys, I'm a junior studying finance with 2 previous internships in RE. I'm currently looking for and preparing for a summer internship in a REPE shop or REIT . I wanted to know what firms, besides big bulge banks, have positions for summer analysts. Where have you worked that you gained good...
Can anyone speak to real-estate (asset-level) IBD experience?
I've read most of the threads on WSO on this but couldn't find very comprehensive information, from what I understand, real-estate IBD is a controversial title and can refer to two separate types of banking 1) advisory for REITs , developers and the likes on a company level; 2) selling individual...
RESUME RIP! non-target with light PE experience & REIT experience -mediocre GPA. Looking for analyst intern position.
Starting to apply for analyst positions as a junior in college - please critique. Obviously looking to stand out from other candidates, need specific advice on wording descriptions.
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