REITs Beating And Meeting FFO Estimates Yet Missing On Revenues: Is This A Sign Of Things To Come?
Portfolio Pulse from Ethan Roberts
Several REITs have reported FFO that met or surpassed analyst estimates or were up year-over-year from Q2 2022, but missed on revenue estimates. This could indicate potential recessionary trends, but strong FFO suggests these companies are preparing for possible economic challenges. The REITs include Agree Realty Corp., Apollo Commercial Real Estate, Claros Mortgage Trust, Community Healthcare Trust, Equity Commonwealth, Four Corners Property Trust, Independence Realty Trust Inc., LTC Properties Inc., NNN REIT Inc., and The Weyerhaeuser Co.
August 04, 2023 | 6:24 pm
News sentiment analysis
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NEUTRAL IMPACT
Agree Realty Corp. met FFO estimates but missed on revenue.
While the company met FFO estimates, missing on revenue could indicate potential challenges. However, the strong FFO suggests the company is managing its expenses effectively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Apollo Commercial Real Estate beat FFO estimates but missed on revenue.
Despite beating FFO estimates, missing on revenue could signal potential issues. The strong FFO indicates the company is managing its expenses well.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Community Healthcare Trust beat FFO estimates but missed on revenue.
Despite beating FFO estimates, missing on revenue could signal potential issues. The strong FFO indicates the company is managing its expenses well.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Claros Mortgage Trust beat FFO estimates but missed on revenue.
While the company beat FFO estimates, missing on revenue could indicate potential challenges. However, the strong FFO suggests the company is managing its expenses effectively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Equity Commonwealth met FFO estimates but missed on revenue.
While the company met FFO estimates, missing on revenue could indicate potential challenges. However, the strong FFO suggests the company is managing its expenses effectively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Four Corners Property Trust beat FFO estimates but missed on revenue.
Despite beating FFO estimates, missing on revenue could signal potential issues. The strong FFO indicates the company is managing its expenses well.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Independence Realty Trust Inc. beat FFO estimates but missed on revenue.
While the company beat FFO estimates, missing on revenue could indicate potential challenges. However, the strong FFO suggests the company is managing its expenses effectively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
LTC Properties Inc. beat FFO estimates but missed on revenue.
Despite beating FFO estimates, missing on revenue could signal potential issues. The strong FFO indicates the company is managing its expenses well.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NNN REIT Inc. met FFO estimates but missed on revenue.
While the company met FFO estimates, missing on revenue could indicate potential challenges. However, the strong FFO suggests the company is managing its expenses effectively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The Weyerhaeuser Co. beat FFO estimates but missed on revenue.
Despite beating FFO estimates, missing on revenue could signal potential issues. The strong FFO indicates the company is managing its expenses well.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80