Real Estate Investment Banking Analysts

In-depth analysis of the real estate market.

Comprehensive investigation, research and thought are used by our analysts to create the best information and options for our clients.

Todd Thomas, CFA

Retail, Self-Storage, Office & Industrial

Todd Thomas, CFA is a Managing Director, Equity Research Analyst with KeyBanc Capital Markets Inc. His research coverage is focused on the retail, self storage, office and industrial REIT sectors. Before his promotion to Senior Analyst, he worked as a Research Associate covering the apartment, healthcare, and self storage REIT sectors.

Prior to joining KBCM, he worked as a Senior Associate in Real Estate Financial Services for the Schonbraun McCann Group, LLP in New York and as an Assistant Vice President/Asset Manager for David Cronheim Mortgage Corp. in Chatham, N.J.

Thomas earned a Bachelor of Science degree in Finance from The Pennsylvania State University in University Park, Pa. He also holds the Series 7, 63, 86 and 87 industry licenses. Todd is a CFA charterholder and is a member of the New York Society of Security Analysts, as well as a member of ICSC (International Council of Shopping Centers).

In August 2013, Thomas was recognized by StarMine as the #1 stock picker in the Real Estate Investment Trusts category for his recommendation performance in 2012.

Retail, Self-Storage, Office & Industrial Companies Under Research Coverage

Company Ticker
Acadia Realty Trust AKR
American Assets Trust, Inc. AAT
Americold Realty Trust COLD
Brixmor Property Group, Inc. BRX
Cedar Shopping Centers, Inc. CDR
CubeSmart CUBE
DDR Corp. DDR
EastGroup Properties, Inc. EGP
EPR Properties EPR
Extra Space Storage Inc. EXR
First Industrial Realty Trust, Inc. FR
Gaming and Leisure Properties, Inc. GLPI
Getty Realty Corp GTY
Global Net Lease, Inc. GNL
Kite Realty Group Trust KRG
LXP Industrial Trust LXP
The Macerich Company MAC
National Storage Affiliates Trust NSA
NetSTREIT Corp. NTST
Phillips Edison & Company, Inc. PECO
Plymouth Industrial REIT, Inc. PLYM
Prologis, Inc. PLD
Public Storage PSA
RPT Realty RPT
Retail Opportunity Investments Group ROIC
Sovran Self Storage, Inc. SSS
STORE Capital Corporation STOR
Tanger Factory Outlet Centers, Inc. SKT
Terreno Realty Corporation TRNO
VICI Properties Inc. VICI

Austin Wurschmidt

Lodging, Apartment and Healthcare

Austin Wurschmidt is a Director, Equity Research Analyst with KeyBanc Capital Markets Inc. His research coverage is focused on the apartment and lodging REIT sectors. Before his promotion to Senior Analyst, he worked as a Research Associate covering the apartment, lodging, healthcare, office, industrial and data center REIT sectors.

Wurschmidt earned a Bachelor of Science in Business Administration, focusing on Finance, from The Ohio State University’s Fisher College of Business in Columbus, Ohio. He also holds the Series 7, 63, 86 and 87 industry licenses.

Lodging, Apartment and Healthcare Companies Under Research Coverage

Company Ticker
American Homes 4 Rent AMH
Apple Hospitality REIT, Inc. APLE
AvalonBay Communities, Inc. AVB
Camden Property Trust CPT
CareTrust REIT, Inc. CTRE
Condor Hospitality Trust, Inc. CDOR
DiamondRock Hospitality Company DRH
Essex Property Trust Inc. ESS
Global Medical REIT Inc. GMRE
Healthcare Realty Trust Incorporated HR
Healthpeak Properties, Inc. PEAK
Independence Realty Trust, Inc. IRT
Invitation Homes Inc. INVH
LTC Properties, Inc. LTC
MAA, Inc. MAA
Medical Properties Trust, Inc. MPW
National Health Investors, Inc. NHI
Physicians Realty Trust DOC
RLJ Lodging Trust RLJ
Sabra Health Care REIT, Inc. SBRA
Summit Hotel Properties, Inc. INN
UDR, Inc. UDR
Ventas Inc. VTR
Welltower Inc. WELL
Xenia Hotels & Resorts, Inc. XHR

KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp® and its subsidiaries, KeyBanc Capital Markets Inc., Member FINRA/SIPC, and KeyBank National Association (“KeyBank N.A.”), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives, who may also be employees of KeyBank N.A. Banking products and services are offered by KeyBank N.A.

Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value

Please read our complete KeyBanc Capital Markets disclosure statement.

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