Workflow
Rental Housing
icon
Search documents
Brookfield's Head of Real Estate Says Big Deals Are Back
Bloomberg Television· 2025-07-24 19:47
Well, thank you so much for sitting down with me. I really appreciate this. Thank you, Danny.It's great to be here. So you've already sold about $13 billion worth of property this year, and it comes after an anemic period for the industry, let's say, probably for the past three years. Is this the dam finally breaking.Look, I think I think it's really good news. It talks about the trends of capital of are turning into real estate and and we're seeing it. So like you said, we've sold about $13 billion of real ...
Brookfield CEO of Real Estate: People are renting more and for longer
Bloomberg Television· 2025-07-24 18:22
Our highest conviction is still in rental housing and it's been for a while. A and uh while that may not be completely contrarian. Uh there's a chronic under supply of housing across the world.Uh home ownership as you know in the US is really out of reach for most people. So people will continue to be renters for longer and that means apartments, single family rental, student housing, all all the forms of rental housing are really interesting. Uh but what we have seen in that se in that sector is a real rep ...
Invitation Homes (INVH) 2023 Earnings Call Presentation
2025-06-16 10:19
Investor Presentation Together with you, we make a house a home. I. Executive Summary South Florida June 2023 2 Key Takeaways And Updates We are the nation's premier single-family home leasing company, with an emphasis on the resident experience Phoenix 3 Our May QTD Same Store results reflect continued strong demand and sustained pricing power: New lease rate growth of 7.4%, versus 5.7% in 1Q23 Renewal rate growth of 6.9%, versus 8.0% in 1Q23 Blended rate growth of 7.0%, versus 7.3% in 1Q23 Average occupan ...
CAPREIT to Invest in Canadian Housing Supply with Construction of 170 Residential Suites Within Existing Portfolio
Globenewswire· 2025-06-02 12:00
TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it is planning to invest in two infill development projects for the construction of an estimated 120 residential rental suites on excess land in Mississauga, Ontario (the “GTA Development Projects”). Additionally, CAPREIT is underway with the conversion of certain underutilized non-residential spaces identified throughout its current apartment portfolio for the ...
Equity Residential(EQR) - 2025 Q1 - Earnings Call Transcript
2025-04-30 15:00
Financial Data and Key Metrics Changes - The first quarter results exceeded expectations, with same-store revenue growth driven by improved physical occupancy at 96.5% and record low resident turnover of 7.9% [10][11] - Blended rate growth for the quarter was 1.8%, aligning with the midpoint of expectations [11] - The company maintained its guidance for $1.5 billion in acquisitions and $1 billion in dispositions for 2025, with minimal transactions expected in the first quarter [8][9] Business Line Data and Key Metrics Changes - Strong performance was noted in New York and Washington DC, with continued improvement in West Coast markets like Seattle and San Francisco [11] - The average household income of residents increased from the previous year, with rent-to-income ratios remaining favorable at 20% [12] Market Data and Key Metrics Changes - The DC market is expected to deliver 12,000 new units this year, with a significant drop in supply projected for 2026 [15] - In San Francisco, occupancy is above 97%, with net effective pricing up 6% since the beginning of the year, despite ongoing concessions [108] Company Strategy and Development Direction - The company is focused on leveraging supply and demand dynamics favoring rental housing, particularly in desirable metro areas [8] - There is an emphasis on innovation and automation to enhance operational efficiency and customer experience [19][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged heightened uncertainty in the economy due to governmental actions but remains optimistic about the rental housing sector's long-term demand [7][8] - The company expects continued strong performance in the second quarter, with blended rate growth projected between 2.8% and 3.4% [20] Other Important Information - The company is not currently seeing signs of consumer weakness, with no significant increases in lease breaks or delinquencies reported [13][14] - Management expressed disappointment over new rent control measures in Washington State, viewing them as a disincentive for investment [62][63] Q&A Session Summary Question: What are the acquisition opportunities in the Sunbelt? - Management noted increased transaction activity recently, with multifamily assets remaining a favored investment despite macro uncertainties [24][26] Question: How is blended spread guidance formed? - The guidance is based on expected seasonal trends and current lease activity, with confidence in achieving around a 5% range for renewals [27][28] Question: Why are the Bay Area and Seattle markets diverging? - Both markets are on a recovery trajectory, with San Francisco showing stronger performance than Seattle, which is stabilizing [32][34] Question: What is the impact of rent control measures? - New rent control in Washington State is viewed negatively, but immediate effects on the company's ability to raise rents are not expected [62][63] Question: How is the company managing renewal processes? - The company maintains a robust renewal process without significant changes, focusing on communication with residents to confirm renewal intentions [42][44] Question: What are the expectations for expansion markets? - The company anticipates muted expectations for the first half of the year but expects stronger revenue growth as new acquisitions are integrated into the portfolio [50][52] Question: How is the company addressing construction costs impacted by tariffs? - While tariffs introduce uncertainty, contractors are becoming more competitive, which may offset potential cost increases [95][96] Question: What is the current state of demand in Washington, D.C.? - Demand remains stable, with a diversified economy reducing reliance on government jobs, and no immediate concerns regarding lease breaks [75][76]
Equity Residential(EQR) - 2025 Q1 - Earnings Call Transcript
2025-04-30 15:00
Equity Residential (EQR) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Good day, and welcome to the Equity Residential First Quarter twenty twenty five Earnings Conference Call and Webcast. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Marty McKenna. Please go ahead, sir. Speaker1 Good morning, and thanks for joining us to discuss Equity Residential's First Quarter twenty twenty five Results. Our featured speakers today are Mark Perel, our Pr ...