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Which REITs are having the Best and Worst Earning Results in Q3 2019?- Rken - 2019-10-24 12:49:20 PDT

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Tanger Outlets (#SKT) had mixed results, in my opinion, when comparing your results. Occupancy was down a bit from 96.4 to 95.9%. Blended average rental rates increased 2.5% on a straight-line basis and decreased 2.0% on a cash basis for all renewals and re-tenanted leases that commenced during the trailing twelve months ended September 30, 2019. Same center net operating income ("Same Center NOI") for the consolidated portfolio decreased 1.8% for the quarter and 0.8% year to date due primarily to the impact of tenant bankruptcies, lease modifications, and store closures. The average tenant sales productivity for the consolidated portfolio was $395 per square foot for the twelve months ended September 30, 2019, compared to $383 per square foot in the comparable prior-year period. Funds from operations ("FFO") and adjusted funds from operations ("AFFO") available to common shareholders were both $0.58 per share, or $56.8 million, compared to $0.63 per share, or $61.9 million, for the prior-year period. - LLNN - 2019-11-10 08:59:55 PDT

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Apple Hospitality REIT posted positive Q3 results on some important metrics: Average Daily Rate (ADR) (Actual) for Q3’19 $139.21, compared to Q3’18 $137.77 a 1.0%. Occupancy (Actual) for Q3’19 79.9% compared to Q3’18 78.9% a 1.3%. Revenue Per Available Room (RevPAR) (Actual) for Q3’19 $111.17 compared to Q3’18 $108.70 a 2.3% improvement for #APLE. Net income however dropped 25.6% to $ 46,223 from $62,122. - Kev B - 2019-11-09 17:35:22 PDT

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#SVC which previously was #HPT, declared Hotel RevPAR (all hotels):For the quarter ended September 30, 2019 compared to the same period in 2018 for SVC’s 328 hotels that were owned as of September 30, 2019: ADR decreased 2.2% to $127.82; occupancy was unchanged at 77.0%; and RevPAR decreased 2.2% to $98.42. For the nine months ended September 30, 2019 compared to the same period in 2018 for SVC’s 328 hotels that were owned as of September 30, 2019: ADR decreased 0.9% to $129.91; occupancy decreased 1.2 percentage points to 73.9%; and RevPAR decreased 2.5% to $96.00. So the numbers for the last 9 months are down. - Kev B - 2019-11-09 16:22:12 PDT

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City Office continues to improve quarter over quarter, about a year ago I was concerned they would have to cut their dividends. Core FFO per common share $0.29, AFFO per common share $0.22, and Dividends per common share $0.235. #CIO had Core FFO Payout Ratio 82%, and AFFO Payout Ratio 108%. The AFFO payout ratio is not covered this quarter after being covered for the first time (in recent years) in Q2 2019. - Fyryr - 2019-11-09 15:02:20 PDT

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Lexington #LXP increased its industrial portfolio to 78% of gross real estate assets, with a 97.4% portfolio lease. They declared a quarterly common share/unit dividend/distribution of $0.105 per share/unit, an increase of 2.4%, which is a 52.5% dividend/Company AFFO ratio. - Kev B - 2019-11-09 11:27:24 PDT

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Ashford Hospitality Trust had comparable Total RevPAR for all hotels increased 1.9% during the quarter. • Adjusted EBITDAre was $103.1 million for the quarter, an increase of 1.3% over the prior-year quarter. • Adjusted funds from operations (AFFO) for #AHT in Q3 2019 was $0.28 per diluted share down from $0.30 in Q3 2018. - Kenbeertt - 2019-11-07 21:07:44 PDT

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#BHR is focused on a strategy of investing in luxury hotels and resorts, however, some of its numbers are down during this investment phase. Braemar had comparable RevPAR for all hotels decreased by 2.0% to $234.81 during the quarter. Comparable RevPAR for all hotels not under renovation decreased by 1.4% to $250.48 during the quarter. Adjusted funds from operations (AFFO) was $0.29 per diluted share for the quarter, down from $0.34 in the previous year. Adjusted EBITDAre was $28.6 million for the quarter, down from $29.5 million in the previous year. - LLNN - 2019-11-10 11:03:24 PDT

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#AHT lost -4.28% during the day today. - CapitalKing - 2019-11-07 21:30:22 PDT

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Easterly Gov Properties #DEA improved AFFO from $0.24 to $0.29 YOY for the third quarter! - Omick99 - 2019-11-06 09:18:28 PDT

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In Q3 #DEA acquired some additional government leased properties and maintained occupancy at 100%! - LLNN - 2019-11-10 11:40:41 PDT

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#APTS share is getting hit hard based on 42.9% lower YoY AFFO, Daniel M. DuPree, Preferred Apartment Communities’ Chairman and Chief Executive Officer, explained it as follows: "We had a strong quarter, up 10.7% on FFO over Q3 2018. We accomplished this despite incurring nearly $0.02/share in direct costs associated with our consideration of internalizing our external manager. We incurred additional indirect internalization related costs as we built up cash reserves to fund portions of an internalization if required. These extraordinary costs will have a significant impact on our year end numbers and we now expect that when these expenses are added back to FFO we will perform at the low end of our previously provided guidance range." - CapitalKing - 2019-11-05 11:55:16 PDT

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Hi CapitalKing, based on the statement from APTS’ CEO Mr. Daniel M. DuPree, it is possible that towards the end of year APTS, stock price will go lower due to the mgmt internalization costs. I will continue to buy #APTS as they still have good operational results (e.g., Occupancy is up in Q3 YoY, same-store rental revenues increased approximately 3.3%). The question for me is on timing; I don’t want to buy too much now if the share price falls further, and I can lock stronger dividend yields in the long run. - LLNN - 2019-11-10 09:27:57 PDT

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Some #Ohighlights from the quarter ended September 30, 2019: Net income per share was $0.32. AFFO per share increased 2.5% to $0.83, compared to the quarter ended September 30, 2018. Invested $411.5 million in 51 properties and properties under development or expansion. Raised $572.4 million from the sale of common stock. Announced transaction to acquire 454 properties from CIM Real Estate Finance Trust, Inc. ("CMFT") for approximately $1.25 billion in cash. - BlueBlue - 2019-11-04 20:09:29 PDT

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Why is #O trading lower today? - Fifthtime - 2019-11-05 05:51:29 PDT

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Industrial REIT #ILPT had Net income for the quarter ended September 30, 2019 was $10.9 million, or $0.17 per share, compared to $18.1 million, for the same quarter last year, and Normalized FFO, for the quarter ended September 30, 2019, were $28.5 million, or $0.44 per share, compared to $25.3 million for the same quarter last year. - AI_AI - 2019-10-29 05:24:40 PDT

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#NXRT posted positive growth this quarter: Net Income, FFO2, Core FFO2, and AFFO2 of $118.7M, $8.6M, $11.5M and $13.3M, respectively, attributable to common stockholders for the quarter ended September 30, 2019, compared to Net Loss, FFO, Core FFO, and AFFO of $(5.3)M, $5.9M, $8.9M and $10.3M, respectively, attributable to common stockholders for the quarter ended September 30, 2018. For the three months ended September 30, 2019, Q3 Same Store properties, average effective rent, total revenue and NOI increased 3.7%, 3.7% and 4.4%, respectively, and occupancy decreased 80 bps over the prior year period. - AI_AI - 2019-10-29 05:15:20 PDT

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#CUBE increased both FFO & FFO Adjusted to $0.44 from $0.43 in Q3 2018. The payout ratio for FFO is at 72.7%. Same-store net operating income improved to $101,812 from $101,742. - Bob_knows - 2019-10-24 19:04:24 PDT

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#CUBE stock fell on the news of a very low (flat actually) YoY Same-store NOI growth. I would like to compare this NOI growth with other self-storage unit REITs. - Me332 - 2019-10-26 12:10:35 PDT


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