Retail REITs To Watch For In Q2 Earnings: NNN, RPT, REG, RPAI
Zacks Investment Research | Jul 31, 2016 10:27PM ET
As we tread into another busy week of the current reporting cycle, a lot of activity can be noticed in the real estate investment trust (REIT) space. In fact, there is a deluge of Q2 earnings releases this week, with National Retail Properties, Inc. (NYSE:NNN) , Ramco-Gershenson Properties Trust (NYSE:RPT) , Regency Centers Corporation (NYSE:REG) and Retail Properties of America, Inc. (NYSE:RPAI) of the retail REIT category, reporting their numbers on Aug 2.
Industry top shots like Simon Property Group, Inc. (NYSE:SPG) and Kimco Realty Corporation (NYSE:KIM) already announced their results last week. Simon Property reported a positive surprise of 0.38% benefitting from growth in operating income as well as new developments and expansion. Kimco’s results were in line with the Zacks Consensus Estimate and its occupancy reached an eight-year high.
Armed with strong consumer spending, job gains and rising income levels, the U.S. economy registered a solid rebound and retails sales picked up in the second quarter. Further, with omni-channel retailing expansion, demand for space climbed in the brick-and-mortar centers.
Per the study of CBRE Group Inc. (NYSE:CBG) , the Zacks Investment Research
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