REITs To Watch For Q3 Earnings On Nov 5: HST, OHI, LAMR & DEI
Zacks Investment Research | Nov 03, 2019 09:48PM ET
The real estate investment trust (REIT) space is buzzing with activity, with the current reporting cycle in full swing and there is a deluge of earnings releases lined up for Nov 5. Among others, Host Hotels & Resorts, Inc. (NYSE:HST) , Omega Healthcare Investors, Inc. (NYSE:OHI) , Lamar Advertising Company (NASDAQ:LAMR) and Douglas Emmett, Inc. (NYSE:DEI) will release their quarterly numbers on Tuesday.
The macro-economic conditions have, undoubtedly, been encouraging for commercial and residential REITs. Particularly, moderate economic growth, low inflation, and declining interest rates are anticipated to have driven REITs’ performance in the quarter to be reported. However, the uptick in supply in certain asset categories might have fueled competition and curbed any robust growth tempo in terms of rent an occupancy growth.
Therefore, with underlying asset categories and the location of properties playing a crucial role in determining REITs’ performance, delving into the asset fundamentals and markets of each REIT becomes all the more important.
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