Group 1: Small-Cap Value Stocks Overview - The S&P 500 is reaching new highs, but some investors are focusing on small-cap value stocks for long-term growth due to concerns over index concentration, particularly with mega-cap stocks like Nvidia [1] - Small-cap value stocks are characterized by their adaptability to changing conditions and potential for long-term growth, offering solid income and dividend opportunities [1] Group 2: H&R Block (HRB) - H&R Block is a unique fintech option among small-cap value stocks, with a mobile banking service, Spruce, contributing $26 million to its quarterly revenue alongside $99 million from tax preparation sales [2] - The company is developing an AI-powered tax assistance tool in partnership with Microsoft to enhance the tax filing experience [2] Group 3: Iridium Communications (IRDM) - Iridium's shares have seen a 30% decline since the beginning of 2024, presenting a potential entry point for investors [5] - The decline was primarily due to the termination of a joint venture with Qualcomm, which aimed to develop chips for connecting standard cell phones to Iridium's satellite network [5] - Iridium is shifting its strategy to adapt satellite protocols for compatibility with existing mobile devices, potentially broadening its market [6] Group 4: Apartment Income REIT Corp. (AIRC) - AIRC is positioned well in a high-interest-rate environment, focusing on premium properties in urban areas, leading to high occupancy rates and regular rent increases [7][8] - The company has reduced its property holdings from 300 in 2008 to 75 today, emphasizing quality and operational efficiency [8] - AIRC offers a forward yield of 5.6%, providing diversification among small-cap value stocks [8] Group 5: Evergy (EVRG) - Evergy is a small-cap value stock that combines utility stability with sustainability growth potential, being the second-largest producer of wind energy in the U.S. [9] - The company recently increased its quarterly dividend by 5% to $0.6425 per share, offering a forward yield of 5% [9] - Evergy has faced challenges in the utility sector but is well-positioned for recovery if anticipated Federal Reserve rate cuts occur [10] Group 6: Perimeter Solutions (PRM) - Perimeter Solutions specializes in firefighting equipment and has reported a CAGR of 7.2% since 2010, with revenue expected to reach $100.2 billion by 2027 [11] - The company has a price-to-book ratio of 0.80, indicating it may be undervalued despite its growth [11] - Perimeter's shares surged almost 40% year-to-date, supported by an aggressive buyback program [11] Group 7: Aspen Aerogels (ASPN) - Aspen Aerogels focuses on aerogel-based insulation materials for high-temperature environments, positioning itself as a key player in sustainability efforts [12] - The company reported a significant reduction in losses, with a $0.5 million loss compared to $9.6 million the previous year, and has seen revenue growth over four consecutive quarters [13] - Anticipation for increased investor interest in 2024 is growing as Aspen works to improve profit margins [13] Group 8: Hanesbrands (HBI) - Hanesbrands holds a 60% market share in the innerwear clothing sector but faces challenges such as supply chain disruptions [14] - The company is seeking preliminary offers for its Champion clothing line, indicating a strategic shift to focus on core innerwear products [14] - Hanesbrands appears to be implementing recommendations from Barington Capital Group to improve operations and profit margins [15]

Small-cap value stocks stand out as one of the top ways to anchor a long-term portfolio. We all know that small-caps outperform their large-cap cousins over a sufficiently long horizon. The reasoning is obvious – small-caps have more room to grow than bigger stocks, and given enough time, their growth compounds more than mega-caps.But investors often look toward small-cap growth stocks, which isn’t a bad call generally. Small-cap growth stocks offer the exact growth upside that the investment thesis hinges ...

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA) today announced the Company has appointed Lisa R. Cohn to its Board, effective February 15, 2024. Tamara Fischer, Executive Chairperson of the Board of Trustees, commented, “We are pleased to announce Lisa’s addition to NSA’s board as her extensive experience as a cross-functional leader and General Counsel for a publicly-traded REIT, will provide a valuable and differentiated perspective whi ...

Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________ Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to Commission file number 1-39686 (Apartment Income REIT Corp.) Commission file numbe ...

Marcus Lindstrom Apartment Income REIT Corp. (Air Communities) (NYSE:AIRC) shares have performed poorly over the past year, with a -13% total return underperforming the broader real estate index (VNQ) which has a negative total return of -2%. Beyond 'Higher for Longer' interest rates and generally negative commercial real estate headlines, investors seem to be discouraged by a slowdown in NOI growth and slightly higher financing costs, which are expected to impact 2024 results. While NOI growth for 2024 ...

Financial Data and Key Metrics Changes - Revenue increased by 6.2% with occupancy at 97.3%, up 200 basis points from the third quarter [11] - Pro forma FFO was $2.41 per share, matching the midpoint of guidance, and run rate FFO was $2.36 per share, up 7.8% from 2022 [22] - Run rate AFFO was $2.09 per share, up 7.7% from 2022, with expectations for 2024 run rate AFFO at $2.12, a 1.4% increase [23] Business Line Data and Key Metrics Changes - New leases signed decreased by 1.1% while renewals increased by 4.7% [11] - The AIR Edge portfolio showed net operating income growth 300 basis points better than the same-store portfolio [12] - The Class of 2021 acquisitions saw revenue up 25% and controllable expenses down 21% compared to the fourth quarter of 2021 [12] Market Data and Key Metrics Changes - Anticipated 2024 revenue growth of 3.8% is based on various factors including a 2.4% earn-in from 2023 leasing activity [13] - Strongest markets expected to be South Florida, Boston, Washington DC, and San Diego, while the Bay Area lags in revenue growth [13] Company Strategy and Development Direction - The company is focused on long-term value creation through property upgrades and maintaining a diversified portfolio [6][10] - Management emphasized the importance of leveraging borrowed proceeds to enhance portfolio quality and shareholder value [7] - The company plans to remain active in the transaction market through paired trades and joint ventures [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in outperforming peers due to improved portfolio quality and operational efficiency [10][45] - The anticipated challenges include rising interest rates and fluctuating real estate values, but management remains optimistic about NOI growth [24][26] - The company expects to appeal property assessments to mitigate tax impacts from declining real estate values [24] Other Important Information - The company has a strong balance sheet with abundant liquidity of nearly $2 billion available for refinancing and acquisitions [20] - A quarterly cash dividend of $0.45 per share was declared, reflecting a yield of 5.7% based on the current share price [30] Q&A Session Summary Question: Details on the $0.04 increase in interest expense - Management explained that the increase was due to refinancing activities that extended the duration of loans and adjusted interest rates [33][35] Question: Growth expectations for the Class of 2022 portfolio - Management noted that a tax revaluation impacted NOI growth, but future growth is expected to be double that of the same-store portfolio [40][41] Question: Comparison of AIR's performance to peers - Management highlighted operational efficiency, customer credit quality, and strategic portfolio composition as key differentiators [70][73] Question: Concerns about new lease rates and market conditions - Management expressed optimism about maintaining positive new lease rates, supported by strong occupancy levels [51][52] Question: Impact of recent weather events on the Southern California portfolio - Management confirmed no material damage from recent weather, with minor costs expected to be less than $0.5 million [54] Question: Expectations for turnover and bad debt improvement - Management reported a significant reduction in bad debt as a percentage of revenues, with continued improvement expected in 2024 [63][66]

Apartment Income REIT Corp. (AIRC) reported $196.36 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 5.5%. EPS of $0.64 for the same period compares to $2.17 a year ago.The reported revenue represents a surprise of -0.34% over the Zacks Consensus Estimate of $197.04 million. With the consensus EPS estimate being $0.64, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. ("AIR") (NYSE: AIRC) announced today that its Board of Directors declared a quarterly cash dividend of $0.45 per share of Class A Common Stock for the quarter ended December 31, 2023. This dividend is payable on February 27, 2024, to shareholders of record February 16, 2024. On an annualized basis, the dividend represents $1.80 per share, reflecting a dividend yield of approximately 5.5% based on today’s closing share price of $32.92. About AIR Communiti ...

Real estate investment research firm Nareit claims that 2024 is the year REITs are “well-situated for outsized performance.” Nareit based their assessment on the assumption that the Fed is nearing the end of its current interest rate hiking cycle. But what if everyone’s collective dreams of lower rates don’t come to fruition in 2024? Income and REIT investors face a conundrum. Many REITs are priced to buy, but jumping in too early might mean underperformance if the Fed doesn’t drop rates.A handful of REITs ...

DENVER--(BUSINESS WIRE)--Apartment Income REIT Corp. (“AIR”) (NYSE: AIRC) will release Fourth Quarter and Year-End 2023 earnings on Thursday, February 8, 2024, after the market closes. A live conference call to discuss these results will be conducted on Friday, February 9, 2024, at 1:00 p.m. Eastern time. Live Conference Call Domestic Toll-Free Number: +1 888-259-6580 Domestic / International Toll Number: +1 416-764-8624 Conference ID: 85506070 Webcast: investors.aircommunities.com Conference Call Replay ...