REITs To Watch For Q4 Earnings On Feb 12: VNO, NNN & More
Zacks Investment Research | Feb 08, 2018 10:09PM ET
As we are about to enter another eventful week of the current reporting cycle, real estate investment trust (REIT) will be seeing a really busy Monday.
Admittedly, the December rate hike and possibilities of further increases in rates this year have kept investors in the REIT space worried to some extent. However, underlying asset categories and location of properties play a crucial role in determining the performance of REITs.
Going by numbers, per a .
The stock has exceeded estimates in three out of the preceding four quarters and met in the other, with an average beat of 2.87%, as demonstrated in the chart below:
Brixmor Property Group (NYSE:BRX) is engaged in ownership and operation of high-quality, open-air shopping centers. The company’s assets have a varied mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.
The company’s FFO per share for the quarter is expected to drop 5.7% year over year to 50 cents. Moreover, the Zacks Consensus Estimate for revenues is pegged at nearly $315.2 million, which reflects a decline of 2.7% from the prior-year period.
Currently, Brixmor Property Group has an Earnings ESP of +0.33% and a Zacks Rank #4. So, we can’t conclusively predict a likely earnings beat.
However, Brixmor Property Group witnessed positive surprises in three out of the trailing four quarters, and met in the other, resulting in an average positive surprise of 2.44%. This is depicted in the graph below.
Brixmor Property Group Inc. Price and EPS Surprise
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