We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Retail REITs Q2 Earnings to Watch on Jul 28: CBL, KRG & More
Read MoreHide Full Article
Now, we are at the peak of second-quarter earnings releases with companies in various spaces including Real estate investment trust (“REIT”) having reported their results. To date, all categories of REITs have come up with their earnings numbers.
This week will see a deluge of second-quarter earnings releases with many companies in the REIT space reporting their earnings numbers.
Some retail REITs which are slated to release their results on Jul 28 are CBL & Associates Properties Inc. (CBL - Free Report) , Kite Realty Group Trust (KRG - Free Report) , Taubman Centers, Inc. and Weingarten Realty Investors .
According to a study by CBRE Group Inc. , retail sales picked up during second-quarter 2016, and the expansion of omni-channel retailing raised the demand for space in brick-and-mortar centers. Further, amid reviving retail sales, national retail availability rate declined to the lowest level since 2008. In second-quarter 2016, retail availability averaged 10.9%, down 10 basis points (bps) on a sequential basis and 30 bps year over year. Encouragingly, in two-thirds of the U.S. markets retail availability has tightened and this trend is expected to continue, backed by the solid job market report for June and strong momentum in retail spending.
Now let’s take a look at what’s in store for these retail REITs which are slated to report 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.
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.
Chattanooga, Tennessee-based CBL & Associates Properties is engaged in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. Our model does not conclusively predict that the company will record a positive surprise.
Kite Realty Group Trust is an Indianapolis, IN-based retail REIT which is mainly engaged in the development, construction, acquisition, ownership and operation of high quality neighborhood and community shopping centers. The company has an Earnings ESP of 0.00% and a Zacks Rank #2. Our model does not conclusively predict that the company will record a positive surprise.
Bloomfield Hills, MI-based Taubman Centers owns, develops, manages, acquires and operates regional and super-regional shopping centers throughout the U.S. The company has an Earnings ESP of +7.22% and a Zacks Rank #3. So, our model predicts an earnings beat.
Houston, TX-based Weingarten Realty Investors is engaged in the ownership, management, acquisition, development and redevelopment of neighborhood and community shopping centers. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. Our model does not conclusively predict that the company will record a positive surprise.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Retail REITs Q2 Earnings to Watch on Jul 28: CBL, KRG & More
Now, we are at the peak of second-quarter earnings releases with companies in various spaces including Real estate investment trust (“REIT”) having reported their results. To date, all categories of REITs have come up with their earnings numbers.
This week will see a deluge of second-quarter earnings releases with many companies in the REIT space reporting their earnings numbers.
Some retail REITs which are slated to release their results on Jul 28 are CBL & Associates Properties Inc. (CBL - Free Report) , Kite Realty Group Trust (KRG - Free Report) , Taubman Centers, Inc. and Weingarten Realty Investors .
According to a study by CBRE Group Inc. , retail sales picked up during second-quarter 2016, and the expansion of omni-channel retailing raised the demand for space in brick-and-mortar centers. Further, amid reviving retail sales, national retail availability rate declined to the lowest level since 2008. In second-quarter 2016, retail availability averaged 10.9%, down 10 basis points (bps) on a sequential basis and 30 bps year over year. Encouragingly, in two-thirds of the U.S. markets retail availability has tightened and this trend is expected to continue, backed by the solid job market report for June and strong momentum in retail spending.
Now let’s take a look at what’s in store for these retail REITs which are slated to report 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.
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.
Chattanooga, Tennessee-based CBL & Associates Properties is engaged in owning, developing, acquiring, leasing, managing and operating regional shopping malls, open-air centers, community centers and office properties. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. Our model does not conclusively predict that the company will record a positive surprise.
CBL&ASSOC PPTYS Price and EPS Surprise
CBL&ASSOC PPTYS Price and EPS Surprise | CBL&ASSOC PPTYS Quote
Kite Realty Group Trust is an Indianapolis, IN-based retail REIT which is mainly engaged in the development, construction, acquisition, ownership and operation of high quality neighborhood and community shopping centers. The company has an Earnings ESP of 0.00% and a Zacks Rank #2. Our model does not conclusively predict that the company will record a positive surprise.
KITE REALTY GRP Price and EPS Surprise
KITE REALTY GRP Price and EPS Surprise | KITE REALTY GRP Quote
Bloomfield Hills, MI-based Taubman Centers owns, develops, manages, acquires and operates regional and super-regional shopping centers throughout the U.S. The company has an Earnings ESP of +7.22% and a Zacks Rank #3. So, our model predicts an earnings beat.
TAUBMAN CENTERS Price and EPS Surprise
TAUBMAN CENTERS Price and EPS Surprise | TAUBMAN CENTERS Quote
Houston, TX-based Weingarten Realty Investors is engaged in the ownership, management, acquisition, development and redevelopment of neighborhood and community shopping centers. The company has an Earnings ESP of 0.00% and a Zacks Rank #3. Our model does not conclusively predict that the company will record a positive surprise.
WEINGARTEN RLTY Price and EPS Surprise
WEINGARTEN RLTY Price and EPS Surprise | WEINGARTEN RLTY Quote
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>