Core Viewpoint - Investors in Equinix, Inc. (EQIX) should closely monitor the stock due to significant movements in the options market, particularly the high implied volatility of the Dec 19, 2025 $400.00 Call option [1] Group 1: Implied Volatility - Implied volatility indicates the market's expectations for future price movements, with high levels suggesting potential significant price changes or upcoming events that could lead to a rally or sell-off [2] - The current high implied volatility for Equinix options may signal a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4] Group 2: Analyst Sentiment - Equinix holds a Zacks Rank of 3 (Hold) within the REIT and Equity Trust - Retail industry, which is positioned in the top 31% of the Zacks Industry Rank [3] - Over the past 60 days, there has been a mixed sentiment among analysts, with one increasing earnings estimates for the current quarter while five have decreased theirs, resulting in a consensus estimate drop from $9.37 to $9.11 per share [3]

Core Viewpoint - EPR Properties (EPR) is currently viewed as a better value opportunity compared to Federal Realty Investment Trust (FRT) based on various financial metrics and analyst outlooks [1][3][7] Valuation Metrics - EPR has a forward P/E ratio of 10.28, while FRT has a forward P/E of 13.53, indicating EPR is more attractively priced [5] - EPR's PEG ratio is 3.23, compared to FRT's PEG ratio of 3.60, suggesting EPR offers better value when considering expected earnings growth [5] - EPR's P/B ratio stands at 1.71, whereas FRT's P/B ratio is 2.7, further highlighting EPR's superior valuation metrics [6] Analyst Outlook - EPR currently holds a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while FRT has a Zacks Rank of 3 (Hold) [3] - The stronger estimate revision activity for EPR suggests a more favorable analyst outlook compared to FRT [7] Value Grades - EPR has been assigned a Value grade of B, while FRT has a Value grade of C, reflecting EPR's more attractive valuation characteristics [6]

It has been about a month since the last earnings report for Realty Income Corp. (O) . Shares have added about 2.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Realty Income Corp. due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent catalysts for Realty Income Corporation before we dive into how investors and analysts have reacted as of ...

Core Insights - The article compares Phillips Edison & Company, Inc. (PECO) and Regency Centers (REG) to determine which stock is more attractive for value investors [1][3]. Valuation Metrics - PECO has a forward P/E ratio of 13.68, while REG has a forward P/E of 15.46, indicating that PECO may be undervalued compared to REG [5]. - PECO's PEG ratio is 1.53, suggesting a better valuation relative to its expected earnings growth compared to REG's PEG ratio of 2.78 [5]. - PECO's P/B ratio is 1.72, compared to REG's P/B of 1.89, further supporting the notion that PECO is a more attractive investment based on valuation metrics [6]. Earnings Outlook - PECO is experiencing an improving earnings outlook, which enhances its attractiveness in the Zacks Rank model, indicating a positive trend in earnings estimates [7].

Core Insights - Tanger (SKT) reported quarterly funds from operations (FFO) of $0.6 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, and up from $0.54 per share a year ago, representing an FFO surprise of +3.45% [1] - The company posted revenues of $137.23 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.45%, but up from $125.22 million year-over-year [2] - Over the last four quarters, Tanger has surpassed consensus FFO estimates three times and topped consensus revenue estimates three times as well [2] Financial Performance - The current consensus FFO estimate for the upcoming quarter is $0.59 on revenues of $142.55 million, and for the current fiscal year, it is $2.27 on revenues of $543.36 million [7] - The stock has underperformed the market, losing about 4% since the beginning of the year, while the S&P 500 has gained 16.5% [3] Industry Context - The REIT and Equity Trust - Retail industry, to which Tanger belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions, suggesting that investors should monitor these revisions closely [5]

Core Insights - Macerich (MAC) reported quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.36 per share, and down from $0.38 per share a year ago, indicating a surprise of -2.78% [1] - The company posted revenues of $253.26 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 1.46%, but up from $220.22 million year-over-year [2] - Macerich shares have underperformed, losing about 13% since the beginning of the year compared to the S&P 500's gain of 16.5% [3] Financial Performance - Over the last four quarters, Macerich has surpassed consensus FFO estimates only once [2] - The current consensus FFO estimate for the coming quarter is $0.46 on revenues of $285.53 million, and for the current fiscal year, it is $1.46 on revenues of $1.04 billion [7] Market Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] - The Zacks Industry Rank for REIT and Equity Trust - Retail is in the top 23% of over 250 Zacks industries, indicating a favorable industry outlook [8] - The estimate revisions trend for Macerich was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it will perform in line with the market [6]

Industry Overview - The Zacks REIT and Equity Trust - Retail industry is showing resilience as landlords adapt and reposition assets for long-term stability, focusing on necessity-based and experience-driven retailers [1][3] - The industry is experiencing a rebound driven by renewed consumer interest in in-store shopping, despite past challenges such as declining foot traffic and store closures [2] Key Drivers - Strategic re-tenanting and disciplined expansion are strengthening occupancy and cash flows, with limited new supply helping to preserve rent levels and investor confidence [1][4] - The lack of new construction activity has minimized competitive pressure on existing assets, allowing occupancy and rents to hold firm [4] Consumer Behavior - The outlook for retail REITs is closely linked to consumer behavior, with economic softness and rising costs making households more selective in their spending [5] - Wealthier consumers continue to support high-end demand, while middle-income shoppers are cutting back, leading to an uneven spending landscape [5] Industry Performance - The Zacks REIT and Equity Trust - Retail industry carries a Zacks Industry Rank 55, placing it in the top 23% of 243 Zacks industries, indicating robust near-term prospects [6][7] - The industry has underperformed the broader Zacks Finance sector and the S&P 500 over the past year, declining 5.6% compared to the S&P 500's rise of 22.3% [10] Valuation Metrics - The industry is currently trading at a forward 12-month price-to-FFO of 14.98X, below the S&P 500's forward P/E of 23.77X and the Finance sector's forward P/E of 16.94X [12] - Over the last five years, the industry has traded as high as 18.89X and as low as 12.21X, with a median of 15.22X [15] Company Highlights - **Agree Realty Corporation (ADC)**: Specializes in retail net-lease properties with a portfolio of approximately 2,603 properties totaling around 53.7 million square feet. The company raised its full-year 2025 investment guidance to $1.50 billion-$1.65 billion, indicating confidence in its capital deployment strategy [16][17] - **Federal Realty Investment Trust (FRT)**: Focuses on high-quality retail properties in affluent markets, with a recent acquisition of Annapolis Town Center enhancing its portfolio. The Zacks Consensus Estimate for 2025 FFO per share has been revised upward to $7.22 [21][22][23] - **Urban Edge Properties (UE)**: Concentrates on retail properties in urban communities, with grocery tenants accounting for about 80% of its portfolio's value. The Zacks Consensus Estimate for its 2025 FFO per share has been raised to $1.42, indicating a 5.2% year-over-year increase [26][28][29]

Core Insights - Federal Realty Investment Trust (FRT) reported quarterly funds from operations (FFO) of $1.77 per share, exceeding the Zacks Consensus Estimate of $1.76 per share and up from $1.71 per share a year ago, representing an FFO surprise of +0.57% [1] - The company achieved revenues of $322.25 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.67% and increasing from $303.63 million year-over-year [2] - Federal Realty Investment Trust has outperformed consensus FFO estimates three times over the last four quarters [2] Financial Performance - The FFO for the previous quarter was $1.91 per share, which was a surprise of +10.4% compared to the expected $1.73 per share [1] - The current consensus FFO estimate for the upcoming quarter is $1.84, with projected revenues of $322.76 million, and for the current fiscal year, the estimate is $7.21 on $1.26 billion in revenues [7] Market Position - Federal Realty Investment Trust shares have declined approximately 15.3% since the beginning of the year, contrasting with the S&P 500's gain of 16% [3] - The Zacks Industry Rank places the REIT and Equity Trust - Retail sector in the top 37% of over 250 Zacks industries, indicating a favorable industry outlook [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 Federal Realty Investment Trust was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market [6]

Core Insights - Kimco Realty (KIM) reported quarterly funds from operations (FFO) of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.43 per share, and showing an increase from $0.43 per share a year ago, resulting in an FFO surprise of +2.33% [1] - The company achieved revenues of $535.86 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.21%, compared to $507.63 million in the same quarter last year [2] - Kimco Realty has outperformed consensus FFO estimates three times in the last four quarters, indicating a positive trend in financial performance [2] Financial Performance - The FFO for the recent quarter was $0.44 per share, which is an increase from the previous year's $0.43 per share [1] - Revenues for the quarter were $535.86 million, up from $507.63 million year-over-year [2] - The current consensus FFO estimate for the upcoming quarter is $0.43, with projected revenues of $535.07 million, and for the current fiscal year, the estimate is $1.74 on $2.12 billion in revenues [7] Market Position - Kimco Realty shares have underperformed the market, losing about 8.7% since the beginning of the year, while the S&P 500 has gained 17.2% [3] - The Zacks Industry Rank places the REIT and Equity Trust - Retail sector in the top 33% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]

Core Insights - EPR Properties reported quarterly funds from operations (FFO) of $1.39 per share, exceeding the Zacks Consensus Estimate of $1.32 per share, and up from $1.3 per share a year ago, representing an FFO surprise of +5.30% [1] - The company posted revenues of $154.84 million for the quarter ended September 2025, which missed the Zacks Consensus Estimate by 1.53%, compared to $148.68 million in the same quarter last year [2] - EPR Properties shares have increased approximately 18.6% year-to-date, outperforming the S&P 500's gain of 17.2% [3] Financial Performance - Over the last four quarters, EPR Properties has surpassed consensus FFO estimates three times [2] - The current consensus FFO estimate for the upcoming quarter is $1.29 on revenues of $155.39 million, and for the current fiscal year, it is $5.06 on revenues of $609.34 million [7] Market Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [3] - The estimate revisions trend for EPR Properties was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] - The REIT and Equity Trust - Retail industry is currently in the top 33% of Zacks industries, suggesting a positive outlook for stocks within this sector [8]