| Greg Whyte |
Morgan Stanley Dean Witter
Best star rating is 3 stars. Click here for our methodology.
| 3rd Place |
Bachelor of commerce degree, Natal University, South Africa. Greg Whyte heads the REIT group at Morgan Stanley Dean Witter. He has been covering the REIT industry since 1988. He joined Morgan Stanley in 1991 after three years at Lehman Brothers, where he covered real estate and financial services companies. Industry Outlook and Style
|The Winners |
Favorite stock for next 12 months:
Equity Office Properties
"There are three main reasons Equity Office Properties is my top pick: First, downtown office is an asset type that we think is particularly well-positioned. Second, many of the assets this company has are in particularly well-placed markets, so their ability to mark rent rates up pretty significantly as the space rolls is high. Third, and possibly most importantly, Equity Office Properties bought Cornerstone Properties (CPP) in the latter part of the second quarter, and we believe Equity Office Properties is likely to achieve significantly enhanced margins on that portfolio through more aggressive management of the space and more aggressive mark-to-market of the rent rates." "Consequently, we think that third-quarter operating results probably will show slightly better-than-expected earnings from that portfolio, but by the fourth quarter, it should really be kicking in sharply. So in our opinion there's a decent catalyst here for the stock to begin outperforming. It happens to be cheap relative to its peers anyway."
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