Core Insights - TMX Group reported a significant decrease in financing activity on the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for July 2025, with total financings raised down 68% from the previous month but up 255% compared to July 2024 [2][4]. TSX Summary - In July 2025, TSX welcomed 12 new issuers, a decrease from 25 in June 2025 and an increase from 10 in July 2024 [2][5]. - Total financings raised amounted to $1.22 billion, a sharp decline from $3.77 billion in June 2025 but a significant increase from $343.36 million in July 2024 [5]. - The total number of financings was 27, down from 55 in the previous month and up from 17 in July 2024 [2][5]. - Year-to-date statistics show 152 new issuers listed, a 76.7% increase from 86 in 2024, and total financings raised of $9.71 billion, down 8% from $10.56 billion in 2024 [6]. TSXV Summary - TSXV had one new issuer in July 2025, down from five in June 2025 and three in July 2024 [4][7]. - Total financings raised were $705.31 million, a slight decrease of 3% from the previous month but up 49% from July 2024 [4][8]. - The total number of financings was 139, compared to 100 in June 2025 and 93 in July 2024 [4][8]. - Year-to-date statistics indicate 23 new issuers listed, a decrease of 20.7% from 29 in 2024, with total financings raised of $4.02 billion, a 63% increase from $2.46 billion in 2024 [9]. Market Capitalization - The market capitalization of listed issues on TSX was approximately $5.56 trillion in July 2025, reflecting growth from $4.63 trillion in July 2024 [5][6]. - TSXV's market capitalization was around $112.08 billion, up 42.2% from $78.83 billion in July 2024 [9].

Financial Performance - Global Net Lease (GNL) reported quarterly funds from operations (FFO) of $0.24 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, but down from $0.33 per share a year ago, indicating a FFO surprise of +20.00% [1] - The company posted revenues of $124.91 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 18.37%, compared to $203.29 million in revenues from the same quarter last year [2] - Over the last four quarters, GNL has surpassed consensus FFO estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - GNL shares have declined approximately 5.9% since the beginning of the year, while the S&P 500 has gained 7.1% [3] - The current consensus FFO estimate for the upcoming quarter is $0.22 on revenues of $138.07 million, and for the current fiscal year, it is $0.87 on revenues of $614.37 million [7] Industry Outlook - The REIT and Equity Trust - Other industry, to which GNL belongs, is currently ranked in the top 40% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - The performance of GNL's stock may be influenced by the overall industry outlook, as empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions [5][8]

Financial Performance - Centerspace (CSR) reported quarterly funds from operations (FFO) of $1.28 per share, exceeding the Zacks Consensus Estimate of $1.26 per share, and showing a slight increase from $1.27 per share a year ago [1] - The company achieved revenues of $68.55 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.48%, compared to $65.04 million in the same quarter last year [2] - Over the last four quarters, Centerspace has exceeded consensus FFO estimates three times and has topped consensus revenue estimates three times as well [2] Stock Performance - Centerspace shares have declined approximately 18.1% since the beginning of the year, while the S&P 500 has gained 6.1% [3] - The current consensus FFO estimate for the upcoming quarter is $1.23 on revenues of $67.8 million, and for the current fiscal year, it is $4.95 on revenues of $270.65 million [7] Industry Outlook - The REIT and Equity Trust - Residential industry, to which Centerspace belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in estimate revisions, which can impact Centerspace's stock performance [5]

Core Viewpoint - Equity Residential (EQR) reported quarterly funds from operations (FFO) of $0.99 per share, matching the Zacks Consensus Estimate and showing an increase from $0.97 per share a year ago [1] - The company’s revenues for the quarter ended June 2025 were $768.83 million, slightly missing the Zacks Consensus Estimate by 0.06%, but up from $734.16 million year-over-year [2] Group 1: Financial Performance - The FFO of $0.99 per share is consistent with the previous quarter's expectations, where the company had a surprise of +2.15% by reporting $0.95 instead of the expected $0.93 [1] - Over the last four quarters, Equity Residential has exceeded consensus FFO estimates only once [1] - The company has surpassed consensus revenue estimates two times in the last four quarters [2] Group 2: Market Performance - Equity Residential shares have declined approximately 12.6% since the beginning of the year, contrasting with the S&P 500's gain of 6.1% [3] - The outlook for the stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Group 3: Future Expectations - The current consensus FFO estimate for the upcoming quarter is $1.00, with projected revenues of $777.83 million, and for the current fiscal year, the estimate is $3.97 on $3.09 billion in revenues [7] - The estimate revisions trend for Equity Residential was favorable prior to the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Group 4: Industry Context - The REIT and Equity Trust - Residential industry is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

分组1 - Cousins Properties reported quarterly funds from operations (FFO) of $0.7 per share, matching the Zacks Consensus Estimate, and an increase from $0.68 per share a year ago [1] - The company posted revenues of $237.72 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.97%, but up from $211.47 million year-over-year [2] - Cousins Properties shares have underperformed the market, losing about 11.2% since the beginning of the year compared to the S&P 500's gain of 8.2% [3] 分组2 - The current consensus FFO estimate for the coming quarter is $0.67 on revenues of $240.06 million, and for the current fiscal year, it is $2.80 on revenues of $968.54 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is in the top 36% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - The estimate revisions trend for Cousins Properties 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]

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]

Group 1 - NNN REIT reported quarterly funds from operations (FFO) of $0.87 per share, exceeding the Zacks Consensus Estimate of $0.83 per share, and up from $0.84 per share a year ago, representing an FFO surprise of 4.82% [1] - The company posted revenues of $230.57 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.10%, compared to year-ago revenues of $214.83 million [2] - NNN REIT has outperformed the S&P 500, with shares adding about 0.6% since the beginning of the year, while the S&P 500 declined by 5.3% [3] Group 2 - The current consensus FFO estimate for the coming quarter is $0.85 on revenues of $223.9 million, and for the current fiscal year, it is $3.40 on revenues of $903.58 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 35% of over 250 Zacks industries, indicating potential challenges for the sector [8] - NNN REIT has surpassed consensus FFO estimates two times over the last four quarters and topped consensus revenue estimates four times in the same period [2]

分组1 - InvenTrust Properties Corp. reported quarterly funds from operations (FFO) of $0.46 per share, matching the Zacks Consensus Estimate and showing an increase from $0.44 per share a year ago [1] - The company posted revenues of $73.77 million for the quarter ended March 2025, which was 1.40% below the Zacks Consensus Estimate, compared to $66.8 million in the same quarter last year [2] - InvenTrust Properties shares have declined approximately 7.2% since the beginning of the year, while the S&P 500 has decreased by 5.5% [3] 分组2 - The current consensus FFO estimate for the upcoming quarter is $0.45, with expected revenues of $74.2 million, and for the current fiscal year, the estimate is $1.84 on revenues of $303.55 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is in the bottom 36% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Group 1: Financial Performance - Mid-America Apartment Communities (MAA) reported quarterly funds from operations (FFO) of $2.20 per share, exceeding the Zacks Consensus Estimate of $2.16 per share, but down from $2.22 per share a year ago, representing an FFO surprise of 1.85% [1] - The company posted revenues of $549.3 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.36%, compared to year-ago revenues of $543.62 million [2] - Over the last four quarters, the company has surpassed consensus FFO estimates three times and topped consensus revenue estimates two times [2] Group 2: Stock Performance and Outlook - Mid-America Apartment Communities shares have increased approximately 1.9% since the beginning of the year, while the S&P 500 has declined by 5.5% [3] - The current consensus FFO estimate for the coming quarter is $2.18 on revenues of $555.56 million, and for the current fiscal year, it is $8.79 on revenues of $2.23 billion [7] - The estimate revisions trend for Mid-America Apartment Communities is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The REIT and Equity Trust - Residential industry is currently in the bottom 42% of over 250 Zacks industries, suggesting that the outlook for the industry can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in estimate revisions, which can be tracked by investors [5]

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]