ENR Top 425 Owners
By Gary J. Tulac
As the construction recession continues to drag on, industry firms continue to look to their clients to see when the downturn will end. While many owners believe the worst is past, most acknowledge there will be no quick turnaround in construction or capital spending in the near future. When the market does turn around in a big way, owners worry about who will be there to take up the burden of rebuilding the nation’s industrial and public infrastructure.
As part of its overview of owners, ENR once again is presenting its Top 425 Owners list. This list ranks publicly held companies based on the 2010 construction-in-progress figures they supplied to the U.S. Securities and Exchange Commission. The data were compiled by S&P Capital IQ, a Standard & Poor’s business that, like ENR, is owned by The McGraw-Hill Cos.
Because many publicly held owners do not separate their construction spending from other elements of their capital spending, ENR also is publishing a list of the Top 200 public companies ranked on their overall capital expenditures reported to the SEC, also compiled by S&P Capital IQ (see p. 36).
To further provide insights into the overall markets, particularly on the developer and buildings side, ENR for the first time is publishing a list of the Top 50 Real Estate Investment Trusts that are publicly held (see p. 39). These data were compiled by S&P Capital IQ, too.
For many large publicly held companies, particularly on the industrial side, the focus is not on the immediate market but on long-term concerns about the industry’s overall health and productivity.
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