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Kite Realty Group (KRG) Beats Q1 FFO and Revenue Estimates
ZACKS· 2025-04-29 23:00
Kite Realty Group (KRG) came out with quarterly funds from operations (FFO) of $0.53 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to FFO of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 3.92%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.53 per share when it actually produced FFO of $0.53, delivering no surprise. Over the last four quarters, ...
American Assets Trust (AAT) Surpasses Q1 FFO and Revenue Estimates
ZACKS· 2025-04-29 23:00
Company Performance - American Assets Trust (AAT) reported quarterly funds from operations (FFO) of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.45 per share, but down from $0.71 per share a year ago, indicating a 26.76% year-over-year decline [1] - The company achieved an FFO surprise of 15.56% for the quarter, having previously reported an FFO of $0.55 per share against an expectation of $0.50 per share, resulting in a 10% surprise [1][2] - Revenues for the quarter were $108.61 million, surpassing the Zacks Consensus Estimate by 2.37%, although this represents a decrease from $110.7 million in the same quarter last year [2] Market Outlook - American Assets Trust shares have declined approximately 27.6% since the beginning of the year, contrasting with a 6% decline in the S&P 500 [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for FFO [3][4] - Current consensus FFO estimate for the upcoming quarter is $0.49 on revenues of $109.83 million, and for the current fiscal year, it is $1.94 on revenues of $437.04 million [7] Industry Context - The REIT and Equity Trust - Retail industry, to which American Assets Trust belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions, which can impact investor sentiment [5][6]
Highwoods Properties (HIW) Q1 FFO Beat Estimates
ZACKS· 2025-04-29 22:50
分组1 - Highwoods Properties reported quarterly funds from operations (FFO) of $0.83 per share, exceeding the Zacks Consensus Estimate of $0.82 per share, but down from $0.89 per share a year ago, representing an FFO surprise of 1.22% [1] - The company posted revenues of $200.38 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.92%, compared to year-ago revenues of $211.28 million [2] - Highwoods Properties has surpassed consensus FFO estimates three times over the last four quarters, while it has topped consensus revenue estimates only once in the same period [2] 分组2 - The stock has underperformed the market, losing about 7.1% since the beginning of the year, compared to the S&P 500's decline of 6% [3] - The current consensus FFO estimate for the coming quarter is $0.85 on revenues of $204.19 million, and for the current fiscal year, it is $3.35 on revenues of $828.53 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 38% of over 250 Zacks industries, indicating potential challenges for the sector [8]
W.P. Carey (WPC) Q1 FFO and Revenues Lag Estimates
ZACKS· 2025-04-29 22:50
Core Viewpoint - W.P. Carey (WPC) reported quarterly funds from operations (FFO) of $1.17 per share, missing the Zacks Consensus Estimate of $1.20 per share, but showing an increase from $1.14 per share a year ago, indicating a -2.50% surprise in FFO performance [1] Financial Performance - The company posted revenues of $407.44 million for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.97%, compared to $389.8 million in the same quarter last year [2] - Over the last four quarters, W.P. Carey has surpassed consensus FFO estimates two times and topped consensus revenue estimates two times [2] Stock Performance - W.P. Carey shares have increased approximately 11.5% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $1.21, with expected revenues of $412.71 million, and for the current fiscal year, the estimate is $4.83 on $1.67 billion in revenues [7] - The estimate revisions trend for W.P. Carey is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market in the near future [6] Industry Context - The REIT and Equity Trust - Other industry, to which W.P. Carey belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [8]
Community Healthcare Trust (CHCT) Surpasses Q1 FFO and Revenue Estimates
ZACKS· 2025-04-29 22:45
Core Viewpoint - Community Healthcare Trust (CHCT) reported quarterly funds from operations (FFO) of $0.55 per share, exceeding the Zacks Consensus Estimate of $0.53 per share, but down from $0.59 per share a year ago, indicating a 3.77% surprise [1] Financial Performance - The company achieved revenues of $30.08 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.06%, compared to $29.33 million in the same quarter last year [2] - Over the last four quarters, CHCT has exceeded consensus FFO estimates three times and revenue estimates two times [2] Stock Performance and Outlook - CHCT shares have declined approximately 16.7% year-to-date, contrasting with the S&P 500's decline of 6% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's FFO outlook [4][6] Estimate Revisions - The current consensus FFO estimate for the upcoming quarter is $0.55 on revenues of $30.82 million, and for the current fiscal year, it is $2.20 on revenues of $123.67 million [7] - The estimate revisions trend for CHCT is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [6] Industry Context - The REIT and Equity Trust - Other industry, to which CHCT belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [8]
Acadia Realty Trust (AKR) Q1 FFO and Revenues Top Estimates
ZACKS· 2025-04-29 22:35
Core Viewpoint - Acadia Realty Trust reported quarterly funds from operations (FFO) of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.33 per share, and showing a year-over-year increase from $0.33 per share [1] Financial Performance - The company achieved revenues of $104.39 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 6.52%, compared to $91.36 million in the same quarter last year [2] - Over the last four quarters, Acadia Realty Trust has exceeded consensus revenue estimates three times [2] Stock Performance - Acadia Realty Trust shares have declined approximately 18.1% since the beginning of the year, while the S&P 500 has decreased by 6% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.32 on revenues of $96.9 million, and for the current fiscal year, it is $1.36 on revenues of $400.6 million [7] - The estimate revisions trend for Acadia Realty Trust is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The REIT and Equity Trust - Retail industry is ranked in the top 29% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8]
Regency Centers (REG) Q1 FFO and Revenues Top Estimates
ZACKS· 2025-04-29 22:35
Group 1 - Regency Centers (REG) reported quarterly funds from operations (FFO) of $1.15 per share, exceeding the Zacks Consensus Estimate of $1.14 per share, and up from $1.08 per share a year ago, representing an FFO surprise of 0.88% [1] - The company achieved revenues of $380.91 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.60%, compared to $363.85 million in the same quarter last year [2] - Regency Centers has outperformed the market with a 2.8% decline since the beginning of the year, compared to the S&P 500's decline of 6% [3] Group 2 - The current consensus FFO estimate for the upcoming quarter is $1.12 on revenues of $371.91 million, and for the current fiscal year, it is $4.54 on revenues of $1.52 billion [7] - The Zacks Industry Rank for REIT and Equity Trust - Retail is in the top 29% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] Group 3 - Regency Centers has surpassed consensus FFO estimates in all four of the last quarters, indicating strong performance consistency [2] - The estimate revisions trend for Regency Centers is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting expected outperformance in the near future [6]
Equity Residential (EQR) Beats Q1 FFO Estimates
ZACKS· 2025-04-29 22:25
Equity Residential (EQR) came out with quarterly funds from operations (FFO) of $0.95 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to FFO of $0.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.15%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1 per share when it actually produced FFO of $1, delivering no surprise.Over the last four quarters, the co ...
Extra Space Storage (EXR) Q1 FFO Surpass Estimates
ZACKS· 2025-04-29 22:25
Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $2 per share, beating the Zacks Consensus Estimate of $1.96 per share. This compares to FFO of $1.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.04%. A quarter ago, it was expected that this self-storage facility real estate investment trust would post FFO of $2.02 per share when it actually produced FFO of $2.03, delivering a surprise of 0.50%.O ...
Essex Property Trust (ESS) Q1 FFO and Revenues Surpass Estimates
ZACKS· 2025-04-29 22:25
Core Insights - Essex Property Trust (ESS) reported quarterly funds from operations (FFO) of $3.97 per share, exceeding the Zacks Consensus Estimate of $3.92 per share, and up from $3.83 per share a year ago, indicating a 3.6% year-over-year increase [1] - The company achieved revenues of $464.58 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.05% and showing a year-over-year increase from $426.93 million [2] - Essex Property Trust has consistently outperformed consensus FFO and revenue estimates over the last four quarters, indicating strong operational performance [2] Financial Performance - The FFO surprise for the latest quarter was 1.28%, while the previous quarter had a surprise of 0.51% [1] - The current consensus FFO estimate for the upcoming quarter is $3.98, with expected revenues of $465.09 million, and for the current fiscal year, the estimate is $15.98 on $1.87 billion in revenues [7] Market Position - Essex Property Trust shares have declined approximately 2.8% since the beginning of the year, which is better than the S&P 500's decline of 6% [3] - The Zacks Industry Rank for REIT and Equity Trust - Residential is currently in the bottom 44% of over 250 Zacks industries, suggesting potential challenges ahead for the sector [8] Future Outlook - The sustainability of the stock's price movement will largely depend on management's commentary during the earnings call and the trends in estimate revisions [3][4] - The estimate revisions trend for Essex Property Trust is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]