BTC iShares Cohen & Steers REIT ETF
How GGP Managed Its Expenses in 2Q17
In 2Q17, GGP (GGP) reported NOI (net operating income) of $551.0 million, which came in higher than the previous year at $554.0 million.
How Prologis Boosted Top-Line Growth in 2Q17
Prologis’s (PLD) upbeat top-line and bottom-line results in 2Q17 were driven by higher-than-expected rent growth and net operating income.
The Real Estate Reaction: Gauging the Impact of the Fed’s Rate Hikes
The rising interest rate is expected to boost the economy in the long run, but it could severely impact sectors like real estate.
Simon Property Group’s Key Business Segments
Simon Property is the only REIT in the S&P 100 Index and has heavy asset concentration on the US east coast and in the central US.
Shopping Center REITs Are Sensitive to Economic Cycles
Shopping center REITs mainly own and operate shopping centers that are smaller than retail malls. They’re mainly driven by higher consumer spending.
A Fund Flow and Volume Analysis of ICF and PJP
ICF has observed healthy growth in its fund inflow after negative fund inflow in 2013, surpassing PJP’s total fund inflows in 2014 and 2015.
How Prologis Has Managed to Remain Afloat amid Online Hype
Prologis is expected to ride high on its growth trajectory. For 2017, it raised its adjusted FFO (funds from operation) projection by $0.10 per share.
Equinix’s Second-Quarter Results Beat Analysts’ Expectations
Equinix reported strong financial results. The company’s top and bottom-line results for the second quarter were ahead of analysts’ estimates.
Is Simon Property a Good Value Stock at Current Multiples?
Simon Property’s TTM (trailing-12-month) price-to-FFO ratio is 15.0x.
Rental and Leasing Activity Drove Simon Property’s Q2 Revenues
Simon Property (SPG) has reported five consecutive quarters of upbeat top-line performances.
What Drove American Tower’s EBITDA Higher in Q2 2018?
American Tower (AMT) reported adjusted EBITDA of $1.08 billion in the second quarter, coming in ahead of analysts’ expectation of $1.07 billion.
Will Sales-Boosting Initiatives Drive Simon Property’s Q2 2018?
Simon Property Group is undertaking omni-channel retailing and portfolio-restructuring initiatives to maintain traffic amid the retail crisis.
What Investors Should Consider before Investing in REITs
A REIT (or real estate investment trust) is a company that owns and manages income-producing real estate.
What Lies Ahead for AVB, ESS, and EQR?
The residential REIT sector is on the threshold of a transition period and the performance of these stocks depends a lot on the macroeconomic as well as industrial changes taking place currently.
Residential REITs Implemented These Capital Deployment Strategies
Residential REITs undertook various development and expansionary activities in order to maintain their leadership in the sector.
How GGP Stacks Up against Its Peers after 2Q17
GGP’s estimated price-to-FFO multiple for fiscal 2018 is 14.2x, which is at a premium compared to its peers.
GGP’s Generous Return to Stockholders in 2Q17
In 2Q17, GGP (GGP) paid $17.5 million in dividends to its shareholders. That was higher than $13.3 million paid a year ago.
GGP Has High Debt-to-Equity Ratio as of 2Q17: Can It Be Lowered?
GGP maintained a debt-to-equity ratio of 1.55x for 2Q17. That was higher than the industrial mean of 1.07x.
GGP Grew in 2Q17 Due to Development and Redevelopment
GGP has redeveloped its vacant spaces for non-retail uses such as restaurants, entertainment zones, fitness centers, and grocery stores.
What Caused GGP’s Soft Rent Growth in 2Q17?
GGP’s (GGP) minimum rent fell by $17.0 million in 2Q17, mainly because of dilution resulting from the sale of an interest in the Fashion Show Mall in Las Vegas n 2016.
GGP’s Revenue Rode High in 2Q17, Backed by New Leases
GGP’s minimum rent fell 3.9% to $349.2 million, and tenant recoveries fell 4.6% to $161.9 million. Overage rent fell 25.0% to $3.3 million.
GGP’s 2Q17 Results from an Investor’s Perspective
GGP (GGP) reported funds from operations (or FFO) of $0.35 per share, which was in line with Wall Street estimates. Adjusted FFO remained flat year-over-year.
How Vornado Stacks Up against Peers
Vornado’s recent development and redevelopment activities have made investors optimistic about the stock.
Financing Helped Vornado Maintain Strong Balance Sheet in 2Q17
During 2Q17, Vornado Realty Trust (VNO) reported higher year-over-year top-line and bottom-line results backed by growth in rent and occupancy level.
Did Vornado’s Cost Reduction Efforts Bear Fruit in 2Q17?
Vornado Realty Trust reported adjusted FFO (funds from operation) of $1.35 per share, which beat Wall Street estimates of $1.20 per share.
How Recent Disposition Activities Helped Vornado in 2Q17
Vornado Trust’s (VNO) top-line and bottom-line results improved year-over-year backed by higher rent growth and lower operational costs.
Project Development Spurred Vornado’s Growth in 2Q17
Vornado Realty Trust (VNO) reported decent results in 2Q17. Its top line and bottom line surpassed results from 2Q16 backed by higher rent and new lease activities.
Where Does Vornado Stand after 2Q17 Earnings?
Vornado Realty Trust (VNO) reported core funds from operation (or FFO) of $1.35 per share in 2Q17, which surpassed Wall Street estimates of $1.20 per share.
How Vornado’s New York Office Segment Performed in 2Q17
Vornado Realty Trust (VNO) reported higher year-over-year top-line and bottom-line results during 2Q17 backed by higher rent growth, lower costs, and new leases during the quarter.
Vornado’s New Leases Drove Revenue in 2Q17
VNO posted rental revenue of $626 million in 2Q17, missing Wall Street’s estimates of $633.2 million.
How Wall Street Analysts Rate Vornado
Analysts assigned VNO a mean price target of $89.52, 13.8% higher than its current price level.
How Vornado Stacks Up against Other Industry Players
VNO’s current price-to-FFO multiple is 17.77x. The company has been able to return value to its shareholders consistently in the form of dividends and share repurchases.
Will Vornado Benefit from a Growing Economy in 2Q17?
Although Vornado Realty Trust (VNO) may witness lower margins during a higher interest rate environment, it may see significant growth in the near future.
How Macro Issues Could Affect Vornado in 2Q17
Wall Street expects Vornado Realty Trust (VNO) to post flat year-over-year top-line and bottom-line results in 2Q17.
How Analysts View Public Storage
Analysts have assigned PSA a mean price target of $217.67, which is 4.9% higher than its current price level.
These Factors Could Affect Vornado’s 2Q17 Results
Vornado Realty Trust (VNO) is scheduled to report its 2Q17 earnings on July 31, 2017.
Where Public Storage Stands among Other Major Players
Public Storage has consistently been able to return capital value as well as shareholder returns in the form of dividends and share buybacks.
Will Vornado’s Project Streamlining Drive Net Operating Income?
Wall Street analysts expect Vornado Realty Trust (VNO) to report net operating income of $338.1 million in 2Q17.
How Vornado’s Revenue Could Benefit from Strategic Initiatives
Analysts expect Vornado Realty Trust (VNO) to report revenues of $622.3 million for 2Q17 when it releases its earnings on July 31, 2017.
What’s in Store for Vornado’s 2Q17 Earnings?
Vornado Realty Trust (VNO) is scheduled to report its 2Q17 earnings on July 31, 2017.
Public Storage and the Growing US Economy
Public Storage (PSA) is expected to witness a higher cost of debt in 2Q17, mainly due to the Fed’s rate hikes in 2017.
Inside Public Storage’s 2Q17 Battle with Macro Headwinds
Public Storage (PSA) is expected to post flat top-line and bottom-line results in 2Q17.
How Prologis Stacks Up against Peers after 2Q17 Earnings
The price-to-FFO multiple is the best way to evaluate Prologis (PLD).
What’s Really Driving Public Storage’s Expected 2Q17 Upbeat Results
Wall Street expects PSA to report adjusted FFO (funds from operation) of $2.40, compared with $2.54 in 2Q16.
How Prologis Improved Its Balance Sheet
Prologis maintained a debt-to-equity ratio of 0.75x for 2Q17, which was lower than the industrial mean of 1.07x.
Will Public Storage’s Cost-Reduction Initiatives Drive Higher NOI in 2Q17?
Wall Street analysts expect Public Storage (PSA) to report NOI (net operating income) of $483.7 million for 2Q17.
Will Public Storage Ride High on Top Line in 2Q17?
Wall Street expects Public Storage (PSA) to report revenue of $667.9 million for 2Q17. Its earnings call will be on July 27, 2017.
Robust US Business Growth Helped Prologis in 2Q17
Prologis’s (PLD) properties are spread across the globe. This geographical diversity ensures that the company gets the optimum value from the retail and supply chains in different parts of the world.
What Lies Ahead for Public Storage in 2Q17
Analysts expect PSA to report adjusted FFO (funds from operation) of $2.40, compared with $2.54 in 2Q16.
Prologis’s Strong 2Q17 Results Backed by Rent Growth
Prologis (PLD) reported better-than-expected 2Q17 top-line and bottom-line results.
Where Does Prologis Stand after 2Q Earnings?
Prologis (PLD) reported core funds from operation (or FFO) of $0.84 per share in 2Q17, which surpassed Wall Street’s estimates of $0.77 by a remarkable 9.1%.
Prologis: What Analysts Recommend for the Stock
Analysts have assigned Prologis stock a mean price target of $58.47, which is 2.1% higher than its current price of $57.28.
Where Does Prologis Stand among Its Peers?
In terms of price-to-FFO multiple, PLD trades at par with most of its peers except Brandywine Realty Trust (BDN).
Will Prologis Be Able to Turn Macro Issues to Its Advantage?
In addition to Prologis’s strategic initiatives such as acquisitions, dispositions, and project development activities, several macroeconomic factors also impact performance.
The Factors behind Prologis’s Expected 2Q17 Upbeat Results
Wall Street expects Prologis to report adjusted FFO (funds from operations) of $0.76, a 27.3% rise year-over-year.
Can Prologis’s Cost Reductions Drive Net Operating Income Higher?
According to Wall Street analysts, Prologis (PLD) is expected to report NOI (net operating income) of $440.2 million in 2Q17.
Prologis’s Main Revenue Drivers in 2Q17
Prologis (PLD) is expected to see higher revenue growth as well as higher margins for 2Q17.
Will Prologis Ride High on Its Top Line in 2Q17?
Analysts expect Prologis (PLD) to report revenue of $583.5 million for 2Q17 when it releases its earnings on July 18, 2017.
What’s in Store for Prologis in 2Q17?
Prologis (PLD) is scheduled to report its fiscal 2Q17 earnings on July 18. 2017. Analysts expect it to report adjusted FFO (funds from operations) of $0.76.
How Wall Street Analysts Rate Vornado Realty Trust
Analysts assigned VNO a mean price target of $108.18, which is 12.9% higher than its current price level.
How Well Does Vornado Leverage Its Balance Sheet?
Vornado Realty Trust’s (VNO) total debt-to-total-equity ratio was 153.8%.
Vornado amid the Economic Transition under President Trump
According to the University of Michigan, the June 2017 consumer sentiment index gained 1.7% year-over-year, standing at 95.1%.
The Fed’s Interest Rate Hike—A Challenge for Vornado Realty Trust
After increasing interest rates in December 2016, the Fed hiked rates in March and June 2017 by 0.25%.
Vornado Realty Trust—Development, Redevelopment, and Occupancy
Vornado Realty Trust (VNO) invested in developing a high-demand office property in Highline at 512 West 22nd Street in Manhattan, which covers 173,000 square feet.
Vornado Realty Trust Works to Streamline Its Operations
Vornado Realty Trust (VNO) disposed of its 32.7% stake in Toys “R” Us and Urban Edge Properties as part of its strategy to concentrate on its core business.
A Look at Vornado’s Top-Line Performance
Vornado Realty Trust (VNO) is in talks to finalize the tax-free spinoff of its business in Washington, D.C. VNO expects to concentrate solely on its New York business after the spinoff.
Vornado Realty: A Commercial REIT Thriving amid a Retail Crisis
Vornado Realty Trust (VNO) is selling off its non-performing assets and focusing on its core business in a move to improve its profitability. Analysts are encouraged by Vornado’s strategy of optimizing its profits.
Where Public Storage Stands Compared to Its Peers
The value of an REIT such as Public Storage (PSA) is commonly measured by using its price-to-FFO (funds from operations) multiple.
How Public Storage Maintains Its Balance Sheet
REITs such as Public Storage (PSA) distribute at least 90% of their taxable incomes to shareholders in the form of dividends and share repurchases.
Public Storage: A Rewarding Stock for Shareholders
Public Storage (PSA) has regularly rewarded its shareholders in the form of quarterly dividends. The company has paid a dividend in every quarter since 1981.
How the Pro-American Environment Boosts Self-Storage
In a higher household income scenario, people tend to spend more on acquiring properties and need more storage space. This need boosts demand for self-storage facilities.
Can Public Storage Survive the Interest Rate Hike?
REITs will likely be significantly affected by rising interest rates. Rising mortgage rates will increase the cost of purchasing investment properties.
Focus on Quality Helps Public Storage Maintain Occupancy
Public Storage (PSA) puts a great deal of focus on the development and redevelopment of its existing facilities. Recently, there’s been a trend of rising rent for self-storage facilities.
Public Storage Is Expected to Ride High on Robust Revenue Growth
Macroeconomic factors such as high rent and demographic changes have resulted in high demand for self-storage facilities.
Public Storage: A Self-Storage REIT with Room to Grow
Rent growth has moderated, but it remains at record highs. In such a scenario, consumers prefer apartments whose rents are affordable. This is where self-storage REITs come in.
Prologis on the Street: How Analysts See PLD Stock
The analysts covering Prologis have assigned the stock a mean price target of $57.8, which is the same as its current price level.
Understanding Prologis’s Multiples Next to Those of Peers
Prologis’s price-to-FFO multiple is now 20.95x, which means that it has been returning consistent capital value and reliable dividend yields to investors.
Prologis’s Health by Leverage
In order to qualify as an REIT (real estate investment trust), companies like Prologis (PLD) have to pay almost 90% of their taxable income as dividends.
Inside Prologis’s Relationship with Its Shareholders
Commerical REITs (real estate investment trusts) have to pay at least 90% of their taxable income as dividends or share buybacks.
Prologis, Rising Interest Rates, and President Trump: Curses, or Blessings in Disguise?
Rising optimism in US markets bodes well for commercial REITs like Prologis, Duke Realty, Kilroy Realty, and Boston Properties.
Why Prologis’s Business Model Promises Consistent Profitability
Prologis is expected to achieve a growth rate of 6%, 5.8%, 9.1% and 8.7%, respectively, in AFFO (adjusted funds from operations) over the next four quarters.
Why Look to REITs for Opportunities?
HEDGING AGAINST INFLATION Property stocks and REITs have often been viewed as inflation hedges because expected inflation will affect prices of real estate, and rental income tends to rise along with generalized inflation. However, other factors may mitigate the impact of inflationary forces. Some of these additional factors may include real estate supply and demand […]
The Evolution of the REIT
The Evolution of REITs The basic concept of REITs originated with the business trusts that were formed in Massachusetts in the mid-19th century, when the wealth created by the industrial revolution led to a demand for real estate investment. The first REIT was set up in 1961, but it took several decades before REITs were […]
Why Look to the REIT Sector for Opportunities?
Not only do REITs (RWR)(ICF) help diversify a portfolio, but they also bolster portfolio income with their steady dividends and their long-term capital appreciation.
The Evolution of REITs
The REITs (IYR) sector has shown phenomenal growth over the years. In the past five decades, REITs have grown to a market cap of nearly $1 trillion.
General Growth Properties’ Revenue Fell in 4Q15
Minimum rent contributed to 60.1% of General Growth Properties’ total revenue in 4Q15.
SPG’s 4Q15 Operating Metrics: Occupancy under Pressure
Simon Property Group (SPG) had 179 properties under US malls and premium outlets as of the end of 4Q15 compared to 177 as of the end of 4Q14.
How Much Money Are You Spending on Rent?
Rent is rising fast while pay raises have been very modest, which is a very difficult situation for median-income households.
Why Rent Is Going through the Roof
As more and more people seek apartments, rent has also been rising rapidly. In fact, rent has been rising faster than the overall cost of living in the US.
What Are the Factors Driving Housing Affordability?
Housing affordability took a beating in July 2015 after reaching its high in January 2013. The higher ratio of the home affordability index signifies relatively higher home affordability to buyers.
Simon Property’s EBITDA Margin Likely to Improve in 4Q15
Wall Street analysts expect Simon Property’s EBITDA to be $1.1 billion in 4Q15 compared to $967.4 million in 4Q14. That would be a growth of 15.4%.
Home Prices are Rising, but Not Home Sales—Why?
A home is usually the most expensive asset that consumers can hold, and owning a home is among their lifetime goals. The question arises—why can’t more people own a house despite the availability of so many properties in the market?
Specialized REITs: Value Drivers
Specialized REITs and residential REITs within IYR generated positive returns of 0.2% and 9%, respectively, on a yearly basis.
Specialized REITs: The Unsung Heroes
With the growing economy and global investment horizons, investments have shifted beyond the traditional options to specialized REITs.
An Overview of the Wireless Tower Industry
Industry profitability has increased mainly due to improved pricing of wireless service contracts and the strengthening of infrastructure investments.
Impact of Consumer Spending on Retail REITs
Consumer spending and the overall health of the economy are the main drivers of retail REITs. The Fed’s decision to increase the interest rate could have a positive or negative impact on spending.
The Lowdown on Boston Properties’ High EV-to-EBITDA: Investor Takeaways
Boston Properties’ EV-to-EBITDA ratio shows that it is in line with its historical valuation, with an EV-to-EBITDA ratio of around 19.9x as of November 27.
Kilroy Realty Corporation: What Does it Do?
Kilroy Realty Corporation (KRC) was founded in 1996 by John B. Kilroy Jr.
Why Property Development Matters So Much to Boston Properties
Boston Properties believes in generating consistent earnings growth and value creation over the coming years through existing and new property development.
A Comparative Analysis of ICF’s Market Performance
ICF tracks the performance of the realty subsector through the average performances of its holdings.