Retail REITs Q3 Earnings On Nov 1: AAT, RPT, REG, RPAI, TCO
Zacks Investment Research | Oct 30, 2016 10:32PM ET
As we tread into another busy week of the current reporting cycle, a lot of activity can be noticed in the retail real estate investment trust (REIT) space. In fact, there is a deluge of Q3 earnings releases this week, with American Assets Trust, Inc. (NYSE:AAT) , Ramco-Gershenson Properties Trust (NYSE:RPT) , Regency Centers Corporation (NYSE:REG) , Retail Properties of America, Inc. (NYSE:RPAI) and Taubman Centers, Inc. (NYSE:TCO) of the retail REIT category, reporting their numbers on Nov 1.
Industry top shots like Simon Property Group (NYSE:SPG), Inc. Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
However, the stock has a mixed surprise history over the trailing four quarters, having exceeded estimates in one quarter, meeting in another and missing in the rest two occasions, as depicted in the chart below.
Ramco-Gershenson Properties Trust is engaged in the business of owning and managing large, multi-anchor shopping centers, primarily in a number of the largest-metropolitan markets in the central U.S. Though the stock has an Earnings ESP of 3.03%, which is a meaningful indicator of a likely positive surprise, its Zacks Rank #4, makes any beat unlikely this quarter.
Over the trailing four quarters, this stock has beat estimates in two and met in the other two, with an average positive surprise of 5.42%. This is shown in the chart below.
Taubman Centers is involved in the ownership, management and/or leasing of regional, super-regional and outlet shopping centers in the U.S. and Asia. Though the stock has a favorable Zacks Rank #3, a surprise prediction is difficult with an Earnings ESP of -1.12%.
Over the trailing four quarters, the stock has met estimates in three quarters and missed in the other one. It has an average positive surprise of 4.33%. This is shown in the graph below.
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