CoStar Group (CSGP) reported $781.3 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 15.3%. EPS of $0.17 for the same period compares to $0.15 a year ago.The reported revenue represents a surprise of +1.25% over the Zacks Consensus Estimate of $771.67 million. With the consensus EPS estimate being $0.14, the EPS surprise was +21.43%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Core Viewpoint - MacKenzie Realty Capital, Inc. has announced a 1-for-10 reverse stock split to increase its share price and meet Nasdaq listing requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert ten existing shares into one new share, reducing the total shares outstanding from approximately 15,781,930 to about 1,578,192 [2]. - No fractional shares will be issued; instead, stockholders entitled to a fractional share will receive cash equivalent to the fraction multiplied by the closing price prior to the split [2]. - The effective date of the reverse stock split will be announced at least two business days before implementation [4]. Group 2: Stockholder Information - Stockholders of record will not need to take action to receive post-split shares, as their positions will be automatically adjusted [3]. - Stockholders holding shares through banks or brokers should check with their respective institutions for specific procedures regarding the reverse stock split [3]. Group 3: Company Overview - MacKenzie Realty Capital, founded in 2013, is a West Coast-focused REIT aiming to invest at least 80% of its total assets in real property, with a portfolio consisting of approximately 50% multifamily and 50% boutique class A office properties [5]. - The company has consistently paid dividends since its inception and currently holds interests in 4 multifamily properties and 8 office properties, along with 2 multifamily developments [5].

Core Insights - Toll Brothers, Inc. has announced a joint venture with International Capital, LLC to develop The Airedale, a luxury multifamily rental community in Charlotte, North Carolina, with a secured construction loan of $56.8 million from TD Bank [1][4] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, founded in 1967 and publicly traded since 1986, with its stock listed on the NYSE under the symbol "TOL" [5] - The company operates in over 60 markets across 24 states and offers a wide range of residential options, including luxury homes and rental communities [5] - Toll Brothers Apartment Living, the rental division of Toll Brothers, focuses on delivering high-quality multifamily communities in select markets [8] Project Details - The Airedale will feature 348 apartment homes with one-, two-, and three-bedroom floor plans, equipped with luxury finishes and smart home technology [2][3] - Amenities will include a resort-style pool, fitness center, pet spa, coworking suite, and a mini market, enhancing the living experience for residents [2] - The community is strategically located near major transportation routes and employment centers, providing residents with convenient access to various amenities and outdoor recreation [3] Strategic Importance - The Airedale marks Toll Brothers Apartment Living's first multifamily development in North Carolina, highlighting the company's expansion into high-growth markets [3][4] - The partnership with International Capital is seen as a significant step for both companies, emphasizing design quality and local culture integration in the project [4]

Key Takeaways ALLE has acquired Gatewise to expand its smart access solutions for multifamily communities. Gatewise offers a mobile app and cloud-based portal to manage gate and unit access. The deal enhances ALLE's Zentra portfolio and aims to simplify access for residents and property managers.Allegion plc (ALLE) recently completed the acquisition of Gatewise Incorporated (Gatewise) through one of its subsidiaries. The financial terms of the transaction have been kept under wraps.Based in Houston, TX, G ...

Core Viewpoint - Veris Residential, Inc. will host its second quarter 2025 financial results webcast and conference call on July 24, 2025, at 8:30 a.m. eastern, with results released after market close on July 23, 2025 [1]. Group 1: Financial Results Announcement - The conference call can be accessed via the internet or by phone, with a recommendation to log in or dial in 10 minutes prior to the start time [2]. - A replay of the conference call will be available from July 24, 2025, at 12:00 p.m. eastern until August 24, 2025, at 11:59 p.m. eastern, with specific access numbers and a passcode provided [3]. Group 2: Company Overview - Veris Residential, Inc. is a real estate investment trust (REIT) focused on owning, operating, acquiring, and developing Class A multifamily properties in the Northeast, utilizing a technology-enabled operating platform [4]. - The company emphasizes a contemporary living experience aligned with resident preferences and aims to positively impact the communities it serves, supported by an experienced management team and strong corporate governance [4].

Corporate Presentation NOVEMBER 18, 2024 FORWARD-LOOKING STATEMENTS This Operating and Financial Data should be read in connection with our Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. Statements made in this presentation may be forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such for- ward-looking statements are intended to be covered by the safe harbor provisions for forward-looking statements contained in Section ...

Core Insights - Toll Brothers, Inc. and Gables Residential have formed a joint venture to develop Gables Angeline, a luxury multifamily rental community in Littleton, Colorado, financed by a $57 million construction loan from JPMorgan Chase [1][2][3] Company Overview - Toll Brothers, Inc. is recognized as the nation's leading builder of luxury homes, operating in over 60 markets across 24 states and the District of Columbia [5][9] - The company has been listed on the New York Stock Exchange under the symbol "TOL" since becoming public in 1986 and has a history of over 58 years in the industry [5] - Toll Brothers Apartment Living, the rental division of Toll Brothers, focuses on high-quality rental and mixed-use communities, having completed over 10,000 units nationally [9] Project Details - Gables Angeline will encompass 331,498 square feet with 243 luxury apartment units, offering a variety of floor plans from studio to three-bedroom [2] - The community will feature upscale amenities such as a resort-style pool, fitness center, pet park, and retail space, enhancing the living experience for residents [2][3] Strategic Importance - The project marks Toll Brothers Apartment Living's first development in Colorado, strategically located near major employment hubs and recreational areas, which is expected to attract residents seeking quality living [3][4] - The partnership with Gables Residential, which has been active in the Denver market since 2014, aims to leverage both companies' strengths to enhance living experiences in the area [4][11]

Industry Overview - The Zacks REIT and Equity Trust - Residential industry includes companies that own, develop, and manage various residential properties, generating revenues by renting spaces to tenants [3] - The demand for student housing is closely tied to enrollment growth at educational institutions, making it a key driver for this market segment [3] Current Market Dynamics - Strong rental demand is supported by a resilient labor market, demographic trends driving household formation, and rising homeownership costs making renting more attractive [1][4] - Residential REITs are leveraging technology to enhance tenant experience and improve operational efficiency [5] - Economic uncertainty and regional oversupply of apartments are creating challenges, potentially dampening consumer confidence and affecting renter affordability [2][6][7] Performance Metrics - The REIT and Equity Trust - Residential industry has underperformed the broader Zacks Finance sector and the S&P 500 over the past year, returning 0.5% compared to the S&P 500's increase of 9.6% [11] - The industry is currently trading at a forward 12-month price-to-FFO ratio of 16.46, above the Finance sector's forward P/E of 16.11 but below the S&P 500's forward P/E of 21.89 [14] Future Outlook - The industry is positioned in the top 38% of around 250 Zacks industries, indicating robust near-term prospects [8][9] - Analysts are gaining confidence in the growth potential of the industry, as reflected in upward revisions of funds from operations (FFO) per share estimates [10] Investment Opportunities - Veris Residential focuses on Class A multifamily properties in high-demand Northeast markets, with upward revisions in FFO per share estimates suggesting growth potential [19][21] - Elme Communities targets value-oriented multifamily assets in supply-constrained markets, with a projected net operating income upside in 2025 [23][24][25] - NexPoint Residential Trust offers exposure to middle-income multifamily assets in high-growth Sunbelt markets, with upward revisions in FFO per share estimates indicating strong performance [26][27][28]

JUNE 2024 See pages 32 through 37 for information about forward-looking statements, a glossary of defined terms and a related reconciliation of non-GAAP financial measures including the reconciliations of Earnings Per Share ("EPS") to Funds From Operations ("FFO") per share and Normalized Funds From Operations ("Normalized FFO") per share. Creating Communities Where People AVENIR – BOSTON, MA See pages 37 through 44 for information about forward-looking statements, a glossary of defined terms and a related ...

Key Takeaways SLG stock rose 12.7% in 3 months, outpacing the industry's 0.1% decline on strong leasing demand. SLG signed 45 leases for 0.6M sq. ft. in Q1 2025, driven by high-end amenities and prime NYC locations. Long-term leases, tenant diversity and property sales boost SLG's portfolio strength and cash flow stability.SL Green Realty (SLG) shares have risen 12.7% in the past three months compared to the industry's fall of 0.1%.The company’s high-quality portfolio is well-poised for growth, given tena ...