Zacks Investment Research | Nov 03, 2016 10:19PM ET
Though the current reporting cycle is drawing to a close, results have still been pouring in from the real estate investment trust (REIT) industry. In fact, on Nov 7, Apple (NASDAQ:AAPL) Hospitality REIT, Inc. (NYSE:APLE) , Outfront Media Inc. (NYSE:OUT) , National Health Investors Inc. (NYSE:NHI) , Colony Starwood Homes (NYSE:SFR) and Colony Capital, Inc. (NYSE:CLNY) are slated to release their quarterly figures.
However, the REIT industry has witnessed a mixed earnings season thus far. Though the industry benefited from a sustained low-rate environment in the third quarter, the economic environment and individual market dynamics equally played a crucial role in their performances.
While REITs like Prologis, Inc. (NYSE:PLD) and SL Green Realty Corp. (NYSE:SLG) reported better-than-expected numbers; AvalonBay Communities, Inc. (NYSE:AVB) failed to surpass expectations in the quarter.
Since, neither all REITs cater to the same asset class nor are they equally poised to surpass analyst’s expectations, we relied on the Zacks methodology, combining a favorable Zacks Rank – Zacks Rank #1 (Strong Buy) or 2 (Buy) or 3 (Hold) – and a positive .
Over the trailing four quarters, the stock has exceeded estimates in two occasions, met in another and missed in the other. This is depicted in the graph below.
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