2023 NAREIT Investor Conference: CEOs Say Things Are Improving
Portfolio Pulse from Ethan Roberts
At the 2023 NAREIT Investor Conference, CEOs of various REITs reassured investors that their companies are improving despite recent challenges. Realty Income Corp. (O), Apple Hospitality REIT Inc. (APLE), and Crown Castle Inc. (CCI) were among the companies presenting their financials and future projections.
June 09, 2023 | 5:25 pm
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POSITIVE IMPACT
Apple Hospitality REIT Inc. reports rebound in occupancy, improving balance sheet, and positive impact of leisure demand and increased business travel on earnings in Q1.
Apple Hospitality REIT's rebound in occupancy, improving balance sheet, and positive impact of leisure demand and increased business travel on earnings indicate a positive outlook for the company. These factors, along with low debt and leverage, support the potential for stock price growth in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Crown Castle Inc. aims to grow dividends per share by 7-8% per year and grow revenue on its 40,000 cell tower assets. CFO Daniel Schlanger sees a tremendous opportunity in the small cell building area of the business.
Crown Castle Inc.'s goals to grow dividends per share and revenue on its cell tower assets, along with the CFO's positive outlook on the small cell building area of the business, indicate a positive outlook for the company. These factors support the potential for stock price growth in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Realty Income Corp. reassures investors of its recession-resilient portfolio and 5% annual AFFO growth between 2018 and 2022. Occupancy in its portfolio was 99% as of March 31.
Realty Income Corp.'s recession-resilient portfolio and consistent AFFO growth, despite the pandemic and higher borrowing costs, indicate a positive outlook for the company. The high occupancy rate also supports the potential for stock price growth in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100