MultifamilyExecutive: Earnings Reports

REIT Earnings Preview: AvalonBay Leads the Way

Fri, 20 Jul 2012 07:16:57 EST

A recently released estimate of second quarter REIT earnings from Robert W. Baird & Co. shows a bullish outlook for the second quarter, with AvalonBay at the fore.

Post Reports Strong Earnings Across Markets

Tue, 8 May 2012 02:24:05 EST

Atlanta-based REIT Post Properties reported some of the strongest first quarter earnings for the industry on Tuesday.

Home Properties’ Aggressive Rents Pay Off

Tue, 8 May 2012 09:33:09 EST

As with the other REITs that reported first quarter earnings last week, Rochester, N.Y.-based Home Properties had yet another stellar financial performance to start out 2012. The company announced that first quarter results were the best for core property NOI growth that it has seen in the past five years.

MAA Sees Forced Turnovers Add to Bottom Line

Mon, 7 May 2012 09:20:58 EST

On its first quarter 2012 earnings call on Friday, Memphis-based MAA reported that it closed out the first quarter with the highest funds from operations (FFO) per share performance in its 18 year history.

BRE Properties: Certain Markets Continue to See Growth

Wed, 2 May 2012 01:09:47 EST

San Francisco-based BRE Properties reported continued revenue growth in markets in Southern California, including Los Angeles and Orange County, following a warm West Coast winter.

Colonial Properties Discusses New Leases and Development

Tue, 1 May 2012 03:03:58 EST

As with the other public REITs who have already reported first quarter financials, Colonial, too, saw increases in net operating income (NOI) and revenue year-over-year thanks to a thriving multifamily market.

EdR Talks Pre-Leasing, University of Kentucky

Fri, 27 Apr 2012 12:44:16 EST

With the second student housing REIT, EdR (formerly Education Realty Trust), hosting its first quarter earnings call yesterday, it’s apparent that the hot topic this earnings season could be pre-leasing velocity for the student housing companies, especially for those whose numbers have fallen behind last year’s.

American Campus Communities Kicks Off Earnings Season

Wed, 25 Apr 2012 02:31:11 EST

Earnings season is underway and multifamily REITs began hosting conference calls this week to discuss Q1 2012 earnings. Just as the rental market has continued to be strong, so too should the majority of first quarter financial results.

EdR Reports Strong Fourth Quarter

Wed, 28 Mar 2012 12:20:12 EST

EdR’s fourth-quarter 2011 results were in line with analyst estimates and indicative of the student housing giant's aggressive growth efforts.

Three Takeaways from Third-Quarter Earnings Calls

Thu, 22 Dec 2011 11:42:22 EST

For most analysts listening in on the apartment REITs’ third-quarter conference calls, fundamentals were the key. They wanted to know where rents were moving, whether traffic slumped after August’s economic woes, and the will fare in the traditionally slower winter months. While those questions weren’t totally answered, a few other topics seemed to come up this past quarter. Here are three unexpected things the REITs tackled on their recent earnings calls.

REITs Report Uneven Traffic

Thu, 22 Dec 2011 11:42:19 EST

Coming into the apartment REITs' third-quarter conference calls, analysts had one overriding concern: Is there a slowdown looming?

Three Things to Listen for in REITs' Q3 Earnings Calls

Thu, 22 Dec 2011 11:40:38 EST

Most third-quarter conference calls are usually just a warm up for the fourth-quarter calls. Analysts know the real news comes in the fourth quarter when apartment REITs start to provide a picture of what the coming year looks like.

Three REIT Trends to Watch

Thu, 22 Dec 2011 11:38:51 EST

Like just about every other sector on Wall Street, the apartment REITs have been beaten up the past couple of days, seeing their values move down about 4 percent on average. But that doesn’t diminish the positive results they’re seeing on-site. Even as the jobs picture continues to look shaky, the REITs produced solid quarters. Here are three main storylines.

REITs' Earnings Preview: Analysts Wary of Impact of Economy

Thu, 22 Dec 2011 11:37:59 EST

As the apartment REITs begin reporting their mid-year results next week, analysts again expect fundamentals to be good. But the dour economic news of the last couple of weeks has some wondering if the sluggish economy may put a ceiling on the robust apartment recovery.

REIT Optimism in First Quarter is Contagious, Analysts Say

Thu, 22 Dec 2011 11:36:06 EST

As expected, the apartment REITs reported strong first quarters. The recovery that began last year seems to have now spread throughout the country. So for analysts listening in on the REIT conference calls, the optimism was contagious, particularly with fundamentals looking even better heading into the summer.

Earnings Preview: REIT's First Quarter Numbers Won't Disappoint

Thu, 22 Dec 2011 11:34:29 EST

REIT reporting heated up this week with both Chicago-based Equity Residential and Arlington, Va.-based AvalonBay Communities releasing their results. The multifamily heavyweights didn’t disappoint.

Four Analyst Predictions for 2011

Thu, 22 Dec 2011 11:31:23 EST

The quarterly parade of REIT conference calls begins this week as REITs report their fourth quarter and 2010 earnings. For analysts, though, that’s old news. They’re more worried about what lies ahead than what happened last year.

3 Takeaways from the Third-Quarter Earnings Reports

Thu, 18 Nov 2010 11:25:15 EST

The apartment REITs finished up their third quarter reporting this week. As far as market fundamentals, there were no real surprises. But there were three prime takeaways, from the recovery to an increasing deal pace to a major move from UDR.

REITs Report Rising Rents in Many Cities

Wed, 15 Dec 2010 03:32:48 EST

So far, more than half of the apartment REITs have reported their third quarter earnings. And, they’re showing that the recovery is continuing into the fall, especially for those REITs in higher barrier to entry markets.

REIT Earnings Preview: Three Things to Watch for in the Third Quarter

Thu, 28 Oct 2010 12:25:19 EST

Apartment and student housing REIT reporting season started with a bang this week as Cleveland-based Associated Estates REalty increased its NOI guidance by 125 basis points for 2010 and Memphis-based Educational Realty Trust announced that it was selling off nine communities and recycling the capital into newer properties.