Earnings Reports

  • REITs Score in Second Quarter, But Clouds Remain

    The apartment REITs hit full recovery mode as net operating income rose from -2.2 percent to 2.8 percent and revenues rose from -0.2 percent to 0.7 percent across REIT land in the quarter, according to Keefe, Bruyette & Woods, an investment banking and security brokerage firm based in New York.

  • Analysts Expect Strong Second Quarters

    Most apartment analysts expected the optimism that reigned in June’s NAREIT conference to continue into the second quarter reports and conference calls. So far, they’ve been proven correct.

  • REIT Watch: Analysts Cite Highlights from First Quarter Reports

    Most analysts believe that the apartment REITs turned the corner in the first quarter of 2010, citing historically high sequential revenue growth. But that’s not all the analysts saw and heard from the first quarter results and conference calls. Here’s a look at three of the biggest highlights and...

  • Ranking of REITs' Third-Quarter Results Shows Surprises

    Funds from operations (FFO), moreso than occupancy levels or net operating income (NOI), is the generally accepted measure of operating performance for real estate investment trusts. And in the third quarter of 2009, with unemployment mounting, apartment REITs saw their FFO take a hit. Here is a...

  • Analysts Sense Changes in Upcoming REIT Earnings Reports

    Earlier this week, UDR was the first REIT to declare its third-quarter earnings. The numbers surprised some analysts. Fundamentals are weakening, but the firm still held occupancies above 95 percent in all four regions. Its revenue came in line with forecasts from Robert W. Baird & Co., a...

  • REIT Week: Second-Quarter Flurry Starts

    After Birmingham, Ala., Colonial Properties Trust opened things up last week, Alexandria, Va.-based AvalonBay Communities and Chicago-based Equity Residential issued releases last night that detailed their second-quarter losses.

  • REITs' First Quarter Results Show Uncertainty

    Heading into the REITs' first-quarter conference calls, fundamentals, debt, and cash generation were all on the mind of apartment industry analysts. Now that all of the apartment REITs have reported their figures, it’s obvious they’re preparing for things to get worse before they get better, both...

  • Public Apartment Firms Announce Scale Backs

    AIMCO, Camden, BRE reduce development pipelines, announce impairment charges for 2009.

  • CMBS Defaults Expected to Soar in 2009

    Defaults on commercial mortgage-backed securities (CMBS) will triple this year to an all-time high, according to recent reports by Fitch Ratings and Standard and Poor's.

  • REITs Test Apartment Disposition Markets

    After one of the worst fourth quarter transactional markets in history and additional transactional declines in January, multifamily firms are beginning to again test the disposition waters.