REITs To Watch For Q4 Earnings On Feb 11: PEAK, UDR & NNN
Zacks Investment Research | Feb 09, 2020 09:17PM ET
The Q4 earnings season is in full swing and the real estate investment trust (REIT) space is buzzing with activity with a deluge of earnings releases lined up on Feb 11. Among others, Healthpeak Properties, Inc. (NYSE:PEAK) , UDR Inc. (NYSE:UDR) and National Retail Properties, Inc. (NYSE:NNN) will release their quarterly numbers on Tuesday.
Notably, resilient economic activity, a healthy job-market environment and low 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 intensified competition and curbed any robust growth tempo in terms of rent and 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.
Particularly, during fourth-quarter 2019, fundamentals of the U.S seniors housing sector were supported by seasonal uptick in occupancy, decent net absorption and moderating new construction. Usually, demand for senior housing space increases in the fourth quarter relative to the third quarter and is the year’s strongest, mostly. This, along with favorable demand trends, is expected to have aided healthcare REITS’ performance in fourth-quarter 2019.
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