Kevin Brown, CFA

Kevin Brown, CFA, is a senior equity analyst, AM Financial Services, for Morningstar*. He covers healthcare, hotel, residential, and retail REITs the United States. He has created and maintains financial models for all companies under coverage, focusing on the historical performance and then forecasting the fundamentals to derive a fair value estimate for each company. He has also written multiple thought-leadership reports on the broader REIT sector and the subsectors under his coverage.

Before joining Morningstar in 2018, Brown worked at an asset-management company focused on global real estate, spending nine years covering healthcare and hotel REITs. He developed buy/sell recommendations in each sector to enable portfolio managers to create individualized sector allocations for each client portfolio. He conducted property tours and meetings with company executives and industry experts to evaluate individual company strategies and deepen his understanding of sector fundamentals. Brown was also a board member for the FTSE EPRA/NAREIT North American Advisory Committee between 2008 and 2017.

Brown holds a bachelor’s degree in economics from Dartmouth College. He also holds the Chartered Financial Analyst® designation.

* Morningstar Research Services LLC (“Morningstar”) is a wholly owned subsidiary of Morningstar, Inc