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Real Estate Companies' Earnings on Feb 10: VTR, CBG, FSV
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This week has already witnessed earnings releases of several real estate companies, including both the real estate investment trusts (“REITs”) as well as the real estate operations companies.
Some important real estate companies which reported results this week include The Macerich Company (MAC - Free Report) , Jones Lang LaSalle Incorporated (JLL - Free Report) and Liberty Property Trust . While both Macerich and Jones Lang LaSalle came out with better-than-expected fourth-quarter 2016 results, Liberty Property reported in-line numbers.
Some real estate companies which are expected to report fourth-quarter results on Feb 10 are – Ventas, Inc. (VTR - Free Report) , CBRE Group, Inc. and FirstService Corporation (FSV - Free Report) . Among these, both CBRE Group and FirstService Corporation are real estate–operations firms, while Ventas is a healthcare REIT.
Real estate operations firms provide wide-ranging services to tenants, owners, lenders and investors in industrial, office, retail multi-family and other types of real estate companies. Performance of these real estate service providers depends very much on the developments in the real estate market as well as in the economy.
Despite the Dec 2016 hike of 25 basis points, the interest rates are still extremely low. According to the National Association of Real Estate Investment Trusts, despite the rate hike, the REITs are likely to show improved performance with robust equity issuance and low debt ratios, providing huge opportunities for the real estate-operations companies.
Also a tightening monetary policy signals economic strength, raising the chances of an upward revision in rent and occupancy levels. This, in turn, should result in a robust net operating income expansion. All these factors benefit REITs and may neutralize the impact of a high rate of interest. Amid these, real estate operations companies are also likely to benefit.
Let’s have a look at what’s in store for the three real estate companies set to release their results tomorrow:
For doing this, we rely on the Zacks methodology, combining a favorable Zacks Rank – Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) – and a positive Earnings ESP, to predict the chances of a beat this quarter. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Per our proprietary methodology, Earnings ESP shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Research shows that with this combination of rank and ESP, chances of a positive earnings surprise are as high as 70% for the stocks.
CBRE Group is a Los Angeles-based commercial real estate services and investment firm which has an Earnings ESP of 0.00% and a Zacks Rank #4. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter (read more: Is CBRE Group's Q4 Earnings Likely to Disappoint?).
Toronto, ON-based FirstService Corporation is a real estate operations company which has an Earnings ESP of 0.00% and a Zacks Rank #3. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter.
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Real Estate Companies' Earnings on Feb 10: VTR, CBG, FSV
This week has already witnessed earnings releases of several real estate companies, including both the real estate investment trusts (“REITs”) as well as the real estate operations companies.
Some important real estate companies which reported results this week include The Macerich Company (MAC - Free Report) , Jones Lang LaSalle Incorporated (JLL - Free Report) and Liberty Property Trust . While both Macerich and Jones Lang LaSalle came out with better-than-expected fourth-quarter 2016 results, Liberty Property reported in-line numbers.
Some real estate companies which are expected to report fourth-quarter results on Feb 10 are – Ventas, Inc. (VTR - Free Report) , CBRE Group, Inc. and FirstService Corporation (FSV - Free Report) . Among these, both CBRE Group and FirstService Corporation are real estate–operations firms, while Ventas is a healthcare REIT.
Real estate operations firms provide wide-ranging services to tenants, owners, lenders and investors in industrial, office, retail multi-family and other types of real estate companies. Performance of these real estate service providers depends very much on the developments in the real estate market as well as in the economy.
Despite the Dec 2016 hike of 25 basis points, the interest rates are still extremely low. According to the National Association of Real Estate Investment Trusts, despite the rate hike, the REITs are likely to show improved performance with robust equity issuance and low debt ratios, providing huge opportunities for the real estate-operations companies.
Also a tightening monetary policy signals economic strength, raising the chances of an upward revision in rent and occupancy levels. This, in turn, should result in a robust net operating income expansion. All these factors benefit REITs and may neutralize the impact of a high rate of interest. Amid these, real estate operations companies are also likely to benefit.
Let’s have a look at what’s in store for the three real estate companies set to release their results tomorrow:
For doing this, we rely on the Zacks methodology, combining a favorable Zacks Rank – Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) – and a positive Earnings ESP, to predict the chances of a beat this quarter. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Per our proprietary methodology, Earnings ESP shows the percentage difference between the Most Accurate estimate and the Zacks Consensus Estimate. Research shows that with this combination of rank and ESP, chances of a positive earnings surprise are as high as 70% for the stocks.
Chicago, IL-based Ventas is expected to report its results before the market opens. The company has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank stocks here. Our model does not conclusively predict that the company will record a positive surprise (read more: Ventas Q4 Earnings: What's in Store for the Stock?).
Ventas, Inc. Price and EPS Surprise
Ventas, Inc. Price and EPS Surprise | Ventas, Inc. Quote
CBRE Group is a Los Angeles-based commercial real estate services and investment firm which has an Earnings ESP of 0.00% and a Zacks Rank #4. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter (read more: Is CBRE Group's Q4 Earnings Likely to Disappoint?).
CBRE Group, Inc. Price and EPS Surprise
CBRE Group, Inc. Price and EPS Surprise | CBRE Group, Inc. Quote
Toronto, ON-based FirstService Corporation is a real estate operations company which has an Earnings ESP of 0.00% and a Zacks Rank #3. Our proven model does not conclusively show that the company is likely to post a positive surprise this quarter.
FirstService Corporation Price and EPS Surprise
FirstService Corporation Price and EPS Surprise | FirstService Corporation Quote
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>