Global Real Estate Investment Trusts (reits)

Euromoney Learning Solutions

How long?

  • 3 days
  • online

Euromoney Learning Solutions


Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.


Comprehensive course analysis

Unbiased reviews from past participants
Global companies alumni of this course worked for
Positions of participants who took this course
Countries where most past participants are from
Individual needs analysis
Order for $20.00

Who should attend

  • Analysts
  • Bankers
  • Underwriters
  • Property professionals
  • Investment professionals
  • Principals (who want to utilise a REIT Structure for their new or existing business)

About the course

Develop an effective ERM framework and get ahead in the enterprise space

Regardless of whether you are a real estate professional, occupier, owner, developer or investor, the impact of Real Estate Investment Trusts (REITs) on the real estate industry cannot be ignored. This course is designed to provide a broad understanding of REITs. Beginning with an overview and history of REIT structures in the U.S. (where REITs were initially formed in 1960 and probably have the most structured alternatives), the course then continues to provide an overview of various other global REIT structures in a comparative format. The course discussion compares REITs to other investment structures in the capital markets identifying any correlation.

Once this overview is provided, the course delves into the details of structuring, underwriting and valuing a REIT. We discuss common financial metrics used to analyse REITs for debt underwriting and principal investment, as well as methods to determine REIT valuations. Motivations and considerations for choosing different REIT structures will be discussed. Case studies and class exercises will proliferate throughout the course.


By the end of the course, participants will be able to:

  • Be conversant with REIT terminology, basic concepts and structure
  • Understand how and why REITs came into existence
  • Be aware of the benefits and detriments of a REIT structure
  • Understand key REIT differentiators, REIT organisational and corporate structures
  • Be able to calculate and interpret REIT valuations
  • Appreciate the market dynamics that impact REIT’s
  • Understand asset and property management for REITs
  • Analyze the financial statements of REIT’s
  • Know process for listing a REIT or becoming private

Course prerequisites

This program presumes familiarity with basic accounting and corporate finance principles as well as a basic understanding of real estate investment concepts.


Day 1

History, purpose and types of REITs Relationship Management

  • What is a REIT?
  • The beginnings of REITs
  • The failures and successes
  • Types of REITs
  • Case studies/examples

How does a REIT differ from in a REOC?

  • What is a REOC?
  • Public versus private ownership
  • Investment characteristics
  • Case studies/examples

REITs around the world

  • Growth of the REIT structure around the world
  • Examples and comparisons of REITs around the world
  • How are REITs proceeding and succeeding around the world?
  • Case studies/examples   Day 2

Typical qualifications to be a REIT

  • Financial, management and ownership qualifications
  • Maintaining and monitoring the qualifications
  • Limitations and rationale for choosing a REIT election
  • Case studies/examples

REITs and their correlation with the capital markets

  • The debate
  • Use in investment portfolios
  • Case studies/examples

Managing a REIT business from the inside

  • Operations
  • Asset and portfolio management
  • Joint ventures

** Day 3**

Common REIT financial metrics

  • Management review
  • Common REIT financial measures
  • Review of their financial statements
  • Case studies/examples

REIT Valuation

  • Traditional valuation methods aren’t relevant
  • Calculating net asset values (NAV)
  • Pros and cons of valuation metrics
  • REIT dividends
  • Case studies/exercises

Underwriting a REIT

  • Balance Sheet and Income statement analysis
  • Bottom-up or top-down analysis
  • Structuring and credit underwriting for REITs
  • Examples/exercises   Day 4

Listing a REIT

  • Assessing the market interest
  • IPO process
  • Reversing a listing
  • Case studies/examples


  • REIT M&A, governance and activism
  • Do they make sense?
  • When should they be done? Avoided?
  • Case studies/examples

Comprehensive Group Case Study

The class will have broken into discussion and work groups. A case will be given to the class. Each group will be given a particular set of goals to be reached and questions to be answered. Each group will present their conclusions to the class.

Investment and lending trends for REITs

Conclusion and Summary


Stephen Peca

The course instructor has extensive professional experience ranging from banking and finance to capital markets, private equity, project management, risk management and executive education.Stephen formed and is managing director of Concourse Realty Group which provides transaction, asset and port...

Videos and materials

Global Real Estate Investment Trusts (reits) at Euromoney Learning Solutions

From  2855 GBP$3,769

Something went wrong. We're trying to fix this error.

Thank you for your application

We will contact the provider to ensure that seats are available and, if there is an admissions process, that you satisfy any requirements or prerequisites.

We may ask you for additional information.

To finalize your enrollment we will be in touch shortly.


Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.