Social media is clearly not yet an accepted way of communicating in a publicaly listed environment. alstria’s short experience in the matter, is that very little (real estate ?) stakeholders actually look at twitter, blogs, LinkedIn and other social media. Still you never know how thinks might develop in the future. So we might want to keep the social media experiment up for a while.
In a recent paper, signed by Joseph Harvey, President and CIO of Cohen and Steers (disclaimer, Cohen and Steers is as far as I know one of our shareholder), the investment manager argues about the merits of allowing European REIT to execute capital increase excluding subscription rights. (The document can be read at the following address http://bit.ly/flBlrP)
Having executed a recent capital increase for alstria with the exclusion of subscription rights, I wanted to share my thought on the matter, and explain how we have looked at the issue from a company perspective.