Market Overview

Land and Buildings Issues "Must Own" Real Estate Stocks for 2014


Land and Buildings, an investment firm specializing in publicly traded real estate and real estate related securities, today issued its “Must Own” real estate stocks for 2014 with expected returns of 25% or more.

2014 Must Own Stocks are: BRE Properties (NYSE: BRE) (Essex Property Trust (NYSE: ESS)), DiamondRock Hospitality (NYSE: DRH), First Industrial (NYSE: FR), Jones Lang LaSalle (NYSE: JLL), Kilroy Realty (NYSE: KRC), Las Vegas Sands (NYSE: LVS) and SBA Communications (Nasdaq: SBAC).

A full copy of Land and Buildings “Must Own” real estate stocks for 2014, including a review of the performance of the 2013 “Must Own” stocks, can be found at

Highlights of the 2014 Must Own list include:

  • Land and Buildings' 2013 “must own” stocks returned 20% since our initial report last January, significantly outperforming the 2% total return for REITs.
  • Two of the companies Land and Buildings actively highlighted as undervalued performed well, with Las Vegas Sands generating a 55% return while BRE Properties generated a 15% return, outperforming apartments by 20% since the 2013 “must own” list was published a year ago.
  • REITs appear well positioned to generate total returns in 2014 of 10-14% as valuations are attractive and underlying supply/demand dynamics remain supportive of high single digit cash flow growth.
  • Historically, REIT stocks have delivered double digit returns, after an initial decline, as interest rates rise. REITs are trading at one of the sector's largest discounts to net asset value over the past 15 years following the 16% pull back in share prices since late May combined with little to no movement in private market values of real estate.

About Land and Buildings:

Land and Buildings is a long/short investment firm that actively invests in securities of global real estate and real estate related companies.

Phil Denning or Brian Ruby

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