分组1 - Modiv Industrial, Inc. reported quarterly funds from operations (FFO) of $0.33 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and up from $0.29 per share a year ago, representing an FFO surprise of 6.45% [1] - The company achieved revenues of $11.73 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.49%, although this is a slight decrease from $11.9 million in the same quarter last year [2] - Over the last four quarters, Modiv Industrial has surpassed consensus FFO estimates three times, while it has only topped consensus revenue estimates once [2] 分组2 - The stock has lost about 2% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] - The current consensus FFO estimate for the upcoming quarter is $0.37 on revenues of $11.76 million, and for the current fiscal year, it is $1.39 on revenues of $46.06 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Residential is currently in the bottom 39% of over 250 Zacks industries, indicating potential challenges for the sector [8]

分组1 - Service Properties (SVC) reported quarterly funds from operations (FFO) of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.05 per share, but down from $0.13 per share a year ago, representing a 40% surprise [1] - The company posted revenues of $435.18 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.46%, although this is a slight decrease from $436.25 million in the same quarter last year [2] - Over the last four quarters, Service Properties has surpassed consensus FFO estimates two times and topped consensus revenue estimates three times [2] 分组2 - The stock has underperformed, losing about 24% since the beginning of the year compared to the S&P 500's decline of 3.9% [3] - The current consensus FFO estimate for the coming quarter is $0.41 on revenues of $501.72 million, and for the current fiscal year, it is $0.90 on revenues of $1.86 billion [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 34% of over 250 Zacks industries, indicating potential challenges for the sector [8]

Douglas Emmett (DEI) came out with quarterly funds from operations (FFO) of $0.40 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 2.56%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.37 per share when it actually produced FFO of $0.38, delivering a surprise of 2.70%. While Douglas Emmett ha ...

Core Viewpoint - One Liberty Properties, Inc. is focusing on enhancing its portfolio by increasing its industrial assets, which now account for approximately 75% of its base rent, while also managing sales of non-industrial properties to stabilize cash flow in uncertain economic conditions [2][3]. Financial Performance - Rental income increased by 7.7% to $24.2 million in Q1 2025 from $22.4 million in Q1 2024, primarily due to the acquisition of seven industrial properties [3]. - Total operating expenses rose to $15.7 million in Q1 2025 from $14.5 million in Q1 2024, driven by higher real estate expenses and increased depreciation and amortization [4]. - Net income attributable to One Liberty was $4.2 million, or $0.18 per diluted share, in Q1 2025, down from $5.2 million, or $0.23 per diluted share, in Q1 2024 [5]. - Funds from Operations (FFO) remained stable at $9.6 million, or $0.44 per diluted share, compared to $9.6 million, or $0.45 per diluted share, in the prior year [6]. Transactions - The company completed the acquisition of four industrial properties for $88.3 million, incurring new mortgage debt of $52.1 million at a weighted average interest rate of 6.2% [9]. - Two non-industrial assets were sold for a gross sales price of $3.7 million, resulting in a gain of $1.1 million [11]. Balance Sheet - As of March 31, 2025, One Liberty had total assets of $811.7 million, total debt of $471 million, and stockholders' equity of $303.2 million [12]. - The company reported $8.2 million in cash and cash equivalents, with available liquidity of $96.4 million as of May 1, 2025 [12]. Non-GAAP Financial Measures - Adjusted Funds from Operations (AFFO) for Q1 2025 was $10.5 million, or $0.48 per diluted share, compared to $10.2 million, or $0.48 per diluted share, in Q1 2024 [6][25].

Core Insights - Vornado Realty Trust (VNO) reported first-quarter 2025 funds from operations (FFO) of 63 cents per share, exceeding the Zacks Consensus Estimate of 52 cents, and reflecting a year-over-year increase of 14.5% [1] - Total revenues for the quarter reached $461.6 million, surpassing the Zacks Consensus Estimate of $447.9 million, with a year-over-year growth of approximately 5.8% [2] Financial Performance - Total same-store net operating income (NOI) was $293.3 million, up from $269.1 million in the prior-year quarter, with significant increases in the New York, THE MART, and 555 California Street portfolios of 8.7%, 9.9%, and 7.9% respectively [3] - The New York office portfolio leased 709,000 square feet at an initial rent of $95.53 per square foot, with a weighted average lease term of 14.7 years [4] - In the New York retail portfolio, 25,000 square feet were leased at an initial rent of $222.20 per square foot, with a weighted average lease term of 14.3 years [5] - At THE MART, 83,000 square feet were leased at an initial rent of $51.33 per square foot, with a weighted average lease term of 8 years [6] - At 555 California Street, 222,000 square feet were leased at an initial rent of $120.65 per square foot, with a weighted average lease term of 13.1 years [7] Occupancy and Portfolio Activity - The total occupancy in the New York portfolio was 83.5%, a decrease of 470 basis points year over year, while THE MART's occupancy increased to 78.2%, up 60 basis points year over year, and 555 California Street's occupancy was 92.3%, down 220 basis points year over year [8] - Vornado disposed of two condominium units and ancillary amenities at 220 Central Park South for net proceeds of $24.7 million during the quarter [9] Balance Sheet - Vornado ended the quarter with cash and cash equivalents of $568.9 million, down from $733.9 million as of December 31, 2024 [10] Market Position - Vornado currently holds a Zacks Rank 2 (Buy), indicating a favorable market position [11]

Financial Performance - Uniti Group reported quarterly funds from operations (FFO) of $0.35 per share, matching the Zacks Consensus Estimate and showing an increase from $0.32 per share a year ago [1] - The company posted revenues of $293.91 million for the quarter ended March 2025, which was 0.94% below the Zacks Consensus Estimate, but an increase from $286.42 million year-over-year [2] - Over the last four quarters, Uniti has surpassed consensus FFO estimates only once and has topped consensus revenue estimates two times [2][3] Market Performance - Uniti shares have declined approximately 9.1% since the beginning of the year, compared to a decline of 3.9% for the S&P 500 [3] - The current consensus FFO estimate for the upcoming quarter is $0.36, with expected revenues of $303.9 million, and for the current fiscal year, the estimate is $1.44 on $2.44 billion in revenues [7] Industry Outlook - The REIT and Equity Trust - Other industry, to which Uniti belongs, is currently ranked in the bottom 34% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Uniti's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Chatham Lodging shares have lost about 21.7% since the beginning of the year versus the S&P 500's decline of -3.9%. Chatham Lodging (CLDT) came out with quarterly funds from operations (FFO) of $0.14 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.16 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 7.69%. A quarter ago, it was expected that this real estate investment trust would post ...

分组1 - Kilroy Realty (KRC) reported quarterly funds from operations (FFO) of $1.02 per share, missing the Zacks Consensus Estimate of $1.03 per share, and down from $1.11 per share a year ago, representing an FFO surprise of -0.97% [1] - The company posted revenues of $270.84 million for the quarter, missing the Zacks Consensus Estimate by 1.51%, and down from $278.58 million year-over-year [2] - Kilroy Realty shares have declined approximately 19.9% since the beginning of the year, compared to a decline of -3.3% for the S&P 500 [3] 分组2 - The current consensus FFO estimate for the upcoming quarter is $1.03 on revenues of $273.54 million, and for the current fiscal year, it is $4 on revenues of $1.09 billion [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 37% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]

National Health Investors (NHI) came out with quarterly funds from operations (FFO) of $1.15 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to FFO of $1.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 1.77%. A quarter ago, it was expected that this health care real estate investment trust would post FFO of $1.10 per share when it actually produced FFO of $1.13, delivering a surprise of 2.73%. ...

Financial Performance - Vornado reported quarterly funds from operations (FFO) of $0.63 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, and up from $0.55 per share a year ago, representing an FFO surprise of 21.15% [1] - The company posted revenues of $461.58 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.05%, compared to year-ago revenues of $436.38 million [2] Market Performance - Vornado shares have declined approximately 11.4% since the beginning of the year, while the S&P 500 has decreased by 3.3% [3] - The current consensus FFO estimate for the upcoming quarter is -$0.33 on revenues of $455.06 million, and for the current fiscal year, it is $2.19 on revenues of $1.82 billion [7] Industry Outlook - The REIT and Equity Trust - Other industry, to which Vornado belongs, is currently ranked in the bottom 37% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in estimate revisions, which can impact Vornado's stock performance [5][6]