REIT School: Analyst Training In Real Estate Investment Trusts

Produced by the Knowledge Center, expert training from S&P Global Market Intelligence

REIT School: Analyst Training in Real Estate Investment Trusts provides a comprehensive introduction to the sector through lectures, group discussions and case studies led by a diverse slate of active practitioners, with a unique opportunity to network with attendees from across the spectrum of REITs and REIT finance.

In the nearly two decades since the first REIT School™, we have covered everything from the nuts and bolts of Net Asset Value to the influence of the "REIT Mafia" on capital flows and REIT valuation. In addition to perennial sessions covering real estate finance, property analysis and a capstone valuation case study, topics include: 

Topics include:

  • Real estate market cycles, the state of the sector and the competitive and strategic issues going forward
  • The sources of financial data necessary for evaluating a REIT’s economic health and risk-return profile
  • How fixed income analysts look at REITs and the qualitative factors, quantitative measures and benchmarks underlying REIT credit analysis
  • Strategies for accessing the capital markets and managing capital
  • Methods of evaluating acquisitions and dispositions at the property and corporate levels
  • Issues surrounding REIT M&A
  • Methodologies for valuing companies and structuring deals

What you'll gain:

  • A comprehensive picture of the REIT sector and an understanding of a company's position within it. 
  • An enhanced ability to communicate with professionals working on Wall Street or within REITs. 
  • An introduction to proven methodologies for evaluating REITs as targets, investments or competitors. 
  • An understanding of options for accessing capital and their effects on the balance sheet. 
  • Improved analysis and forecasting techniques through an understanding of the impact of leverage levels, re-equitization and transactions at both the property and corporate levels. 
  • Knowledge of the multiple approaches to valuation in the sector.

  • This program presumes familiarity with basic accounting and corporate finance concepts as well as a basic understanding of the REIT financial structure. Prior to the program, participants will receive materials for the Investing in REITs case study as well as suggested reading for those new to the sector. 


Merrie S. Frankel
President, Minerva Realty Consultants
Trustee, Board of Directors, Agree Realty Corporation
Christopher Haley
Palladian Realty Capital LLC
Instructor and Managing Principal
Christopher Hartung
Director, Lazard Asset Management LLC
Trustee, Board of Directors, FelCor Lodging Trust
Richard Imperiale
Uniplan; Trustee, Board of Directors, Retail Properties of America
President and Chief Investment Officer
Keven Lindemann
S&P Global Market Intelligence
Director and Industry Head, Real Estate Group
James Mastandrea
Whitestone REIT
Chairman & CEO
Glenn Mueller, Ph.D
Dividend Capital Research/ University of Denver
Real Estate Strategist/ Professor
Joe Nesseler
Eastdil Secured
Senior Vice President
Joseph Pagliari, PhD
University of Chicago Booth School of Business
Clinical Professor of Real Estate
Kim Redding
Green Creek Management
Managing Director

REIT School: Analyst Training In Real Estate Investment Trusts Agenda

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Who Attends? 

  • Finance, operations, marketing and IR professionals at REITs and other real estate companies who want insight into the analysis of their own company and techniques for evaluating their peers
  • Analysts and associates in equity or fixed income research, asset management, or investment banking, seeking a comprehensive introduction to the analysis of the real estate securities industry
  • Consultants and accountants who advise real estate-related companies
  • Current and potential investors seeking insight into the industry

What is the dress code? 

Business casual

Do I need to bring a laptop? 


Are meals included? 

Your registration includes continental breakfast and lunch both days.

Where should I stay? 

Information about accommodations can be found under the "Event Location" tab.

When does the program start? When does it end? 

The optional SNL product training begins 2PM on the day prior to the beginning of the REIT School program. Registration for REIT School opens on Day One of the program, at 7:30 a.m, or if you attend the product training, you may register at that time. Sessions commence both days at 8:30 a.m. and are preceded by breakfast outside the meeting room. The program will concludes on the second day at approximately 5:00 p.m.

What are the terms of registration?

Cancellations for this program are eligible for a full refund, less a $150.00 administrative fee, if received at least 15 business days prior to the start of the program. Cancellations received after that date but at least 5 business days prior to the start of the program receive a credit in the amount of the registration fee, less a $150.00 administrative fee, to attend another Knowledge Center program within 13 months. Cancellations received fewer than 5 business days prior to the start of the program are not eligible for a refund or credit. 

Attendee substitutions from the same company may be made at any time.

In the event of a cancellation from a group discount, refunds or credits are issued beginning with the most heavily discounted price, minus a $150.00 administration fee.

"No shows" - or those who cancel within 15 days of the program - and have registered under the Invoice option, remain liable for the full program fee.

The Knowledge Center reserves the right to cancel/change programs, content, speakers or venue at any time. The Knowledge Center reserves the right to make portions of the program registration information available to program sponsors. The Knowledge Center will not be held liable for any costs incurred by registrant due to individual registration cancellation. In the event that a seminar is cancelled due to inclement weather, faculty cancellation or force majeure, the Knowledge Center will refund the registrant's tuition in full, however the Knowledge Center will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding the Knowledge Center's refund, complaint or program cancellation policy, please call us at (434) 951-7786.

Registrant, as an individual person attending a Knowledge Center conference, seminar, or other program, hereby grants permission to the Knowledge Center to use and publish his or her image, likeness, or testimonials collected in connection with the program for advertising and trade purposes in connection with the Knowledge Center’s conferences, instructional, and/or marketing activities.

Continuing Education Credits

14 Hours of Continuing Education Credit
As a participant in the CFA Institute Approved-Provider Program, SNL Knowledge Center has determined that this program qualifies for 14 credit hour(s). If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE tracking tool.
16.5 Hours of CPE Credit
Participants who complete this program qualify for 16.5 hours of CPE credit (Specialized Knowledge and Applications). Program Level: Intermediate. Delivery Method: Group-based internet. SNL Knowledge Center is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: