In the wake of strengthening U.S Job market, today we have shortlisted six U.S. office REITS as their performance is inextricably tied to job growth in the economy. Moreover, these stocks have reported strong growth in net operating income (NOI-a key measure for REITS) during their trailing twelve months period. During the past one month, majority of the stocks have registered price gains with daily average trading volumes in excess of 100,000.
| Company Name |
Ticker |
Exchange |
Market Cap |
Last Price |
Average Volume |
Price Change (1-Month) |
TTM NOI Growth |
|
Parkway Properties Inc/Md |
PKY |
NYSE |
2,102.4 |
18.92 |
938,694 |
1.2% |
62.6% |
|
CyrusOne Inc |
CONE |
NASDAQ |
1,110.1 |
28.72 |
305,948 |
3.0% |
18.5% |
|
Hudson Pacific Properties Inc |
HPP |
NYSE |
2,626.1 |
32.89 |
713,794 |
9.5% |
16.6% |
|
Government Properties Income Trust |
GOV |
NYSE |
1,631.2 |
23.19 |
634,612 |
-0.9% |
15.9% |
|
CoreSite Realty Corp |
COR |
NYSE |
964.0 |
44.40 |
139,357 |
13.3% |
9.8% |
|
DuPont Fabros Technology Inc |
DFT |
NYSE |
2,497.8 |
37.80 |
809,719 |
12.4% |
9.4% |
Source: Bloomberg
Company Description
Parkway Properties Inc/Md (NYSE: PKY)
Parkway Properties, Inc. is a self-administered real estate investment trust (REIT). The company acquires, manages, finances and leases office properties in the southeastern United States and Texas.
CyrusOne Inc (NASDAQ: CONE)
CyrusOne Inc is an owner, operator and developer of enterprise-class, carrier-neutral data center properties. The company provides mission-critical data center facilities that protect and ensure the continued operation of IT infrastructure.
Hudson Pacific Properties Inc (NYSE: HPP)
Hudson Pacific Properties Inc. is a real estate company focusing on owning, operating, and acquiring office properties. The company focuses on opportunities in Northern and Southern California.
Government Properties Income Trust (NYSE: GOV)
Government Properties Income Trust is a real estate company formed to invest in properties that are majority leased to government tenants.
CoreSite Realty Corp (NYSE: COR)
CoreSite Realty Corporation develops, owns and operates data centers in the United States. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection.
DuPont Fabros Technology Inc (NYSE: DFT)
DuPont Fabros Technology Inc. is a real estate investment trust and owner, developer, operator and manager of wholesale data centers. The company’s data centers are used primarily by national and international technology companies to house, power and cool the computer servers that support many of their most critical business processes.
