REITs
ARE Alexandria Real Estate Equities, Inc
AMT American Tower Corporation
BXP Boston Properties, Inc
CUZ Cousins Properties, Inc
DLR Digital Realty Trust, Inc.
EGP EastGroup Properties, Inc
EQIX Equinix, Inc.
FRMI Fermi Inc.
FR First Industrial Reality Trust, Inc
DOC Healthpeak Properties
HIW Highwoods Properties, Inc
HPP Hudson Pacific Properties, Inc
KRC Kilroy Reality Corporation
LINE Lineage, Inc.
MPT Medical Properties Trust, Inc
OHI Omega Healthcare Investors
PLD Prologis, Inc
REXR Rexford Industrial Realty, Inc
SBRA Sabra Health Care Limited
SLG SL Green Reality Corp.
TRNO Terreno Realty Corporation
VTR Ventas, Inc
VNO Vornado Realty Trust
WELL Welltower, Inc
Differentiated Product
Vikram has provided differentiated research during the last 12 months, using a holistic approach combining macro, micro and primary analysis. Several thought pieces and deep-dives using fundamental and macro data across Industrial, Healthcare and Office enabled him to make key out-of-consensus calls including a) an early negative stance on Industrials which played out, followed by a pivot to a new upcycle thesis, b) a negative view on Office supported by a proprietary employment-demand framework (BLS, Manpower NEO, Indeed, VTS), c) a positive view on Seniors Housing vs. neutral on Skilled Nursing, and d) a constructive view on Data Centers. He has combined his research with unique corporate / expert access including brokers (Data Centers), 3PLs (Industrials), Life Sciences experts, and property tours. Finally, his post-earnings management follow-up series, Industrial 1Q corporate access, Data Center Conference, and frequent SNF & “Mizuho Insight” Series have been well received by clients.
Key Reports
Notable Events
- Mizuho Data Center Day
- Data Center Expert Series – Brokers, Ex-Hyperscaler execs
- Cold Storage expert events – Chief Procurement Officer of MaCain Foods - private company
- Perspectives From Private Healthcare Investment Firm
- Annual Mizuho REIT Conference
Analyst Bio
Vikram joined Mizuho in November 2021 as a senior analyst based in New York, co-heading the REIT team. Prior to Mizuho, Vikram worked at Morgan Stanley where he led coverage of various REIT sub-sectors including Healthcare, Office, Industrial. Triple Nets and Brokers. His 18+ year sell-side career includes coverage of Industrials and IT and Business Services. Prior to Morgan Stanley, he worked for 4 years as an appraiser and consultant at Colliers and Jones Lang LaSalle (global real estate brokerage firms). He holds a B.S. in Industrial Management from Purdue University and MBA from the University of Michigan (Ross)