Xenia Hotels & Resorts (XHR) came out with quarterly funds from operations (FFO) of $0.57 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to FFO of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +32.56%. A quarter ago, it was expected that this real estate investment trust that owns hotels would post FFO of $0.42 per share when it actually produced FFO of $0.51, delivering a surprise of +21. ...

Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.64 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to FFO of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +12.28%. A quarter ago, it was expected that this company would post FFO of $0.41 per share when it actually produced FFO of $0.46, delivering a surprise of +12.2%.Over the last four quarters, the comp ...

Cousins Properties (CUZ) came out with quarterly funds from operations (FFO) of $0.7 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.68 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate company would post FFO of $0.71 per share when it actually produced FFO of $0.74, delivering a surprise of +4.23%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.Cousins Prop ...

American Homes 4 Rent (AMH) came out with quarterly funds from operations (FFO) of $0.47 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to FFO of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +2.17%. A quarter ago, it was expected that this real estate company would post FFO of $0.45 per share when it actually produced FFO of $0.46, delivering a surprise of +2.22%.Over the last four quarte ...

Camden (CPT) came out with quarterly funds from operations (FFO) of $1.7 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to FFO of $1.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +0.59%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.68 per share when it actually produced FFO of $1.72, delivering a surprise of +2.38%.Over the last four quarters, the ...

Key Takeaways Ventas posts Q2 FFO per share of $0.87 and $1.42B in revenues, beating consensus estimates.Same-store cash NOI rose 6.6% Y/Y, led by 13.3% growth in senior housing operating portfolio.2025 FFO per share guidance raised to $3.41-$3.46 with strong NOI growth expected across key segments.Ventas, Inc. (VTR) reported second-quarter 2025 normalized funds from operations (FFO) per share of 87 cents, beating the Zacks Consensus Estimate of 85 cents. The reported figure increased 9% from the prior-year ...

核心观点 - AvalonBay Communities (AVB) 2025年第二季度核心运营资金(FFO)每股2.82美元，超出预期并同比增长1.8% [1] - 公司上调2025年全年指引，反映同店净营业收入(NOI)增长，但开发项目NOI因入住延迟而下降 [1] - 同店住宅收入增长3.0%，NOI增长2.7%，得益于租金上涨和入住率改善 [3][9] - 公司股票在盘后交易中下跌1.44% [2] 财务表现 - 第二季度总收入7.602亿美元，同比增长4.7%，但略低于预期0.2% [2] - 同店住宅收入6.891亿美元，同比增长3.0% [3] - 同店住宅运营费用2.119亿美元，同比增长3.6% [3] - 同店住宅NOI 4.7718亿美元，同比增长2.7% [3] - 利息支出6480万美元，同比增长13.5%，超出预期 [4] 运营指标 - 同店每套已出租房屋平均收入3056美元，同比增长2.8% [4] - 同店经济入住率96.2%，同比上升20个基点 [4] - 2025年开发社区NOI预计2500万美元，低于此前预期的3000万美元 [11] 资产组合活动 - 收购达拉斯-沃斯堡都市区6个社区，含1844套公寓，收购价4.315亿美元 [5] - 出售新泽西州Wood-Ridge两处全资社区，含406套公寓和1.8万平方英尺商业空间，售价1.615亿美元，实现GAAP收益9964万美元 [5] - 截至2025年6月30日，有20个全资开发社区在建，预计含7299套公寓和6.9万平方英尺商业空间，预计总资本成本27.8亿美元 [6] 财务状况 - 截至2025年6月30日，现金及现金等价物1.0283亿美元 [7] - 无信用额度借款，商业票据借款6.6464亿美元 [7] - 年化净债务与核心EBITDAre比率为4.4倍 [7] - 2025年前六个月无担保NOI占比95% [7] 2025年展望 - 预计全年核心FFO每股11.19-11.59美元，中点增长3.5% [10] - 预计同店住宅收入增长2.8%，低于此前3%的指引 [11] - 预计同店运营费用增长3.1%，低于此前4.1%的预期 [11] - 预计同店住宅NOI增长2.7%，高于此前2.4%的指引 [11] - 预计第三季度核心FFO每股2.75-2.85美元，低于预期的2.86美元 [12] 行业比较 - Mid-America Apartment Communities (MAA) 2025年第二季度核心FFO每股2.15美元，超出预期但同比下降3.15% [13] - MAA同店收入下降，平均有效租金同比下降 [13] - Equity Residential (EQR) 预计2025年第二季度标准化FFO每股0.99美元，同比增长2.1% [16] - EQR预计第二季度收入7.6926亿美元，同比增长4.8% [16]

Key Takeaways Host Hotels' Q2 AFFO per share rose 1.8% year over year to $0.58, beating estimates.Comparable hotel RevPAR climbed 3% on stronger room rates and transient leisure demand.2025 AFFO per share outlook raised to $1.98-$2.02, above prior company guidance of $1.88-$1.97.Host Hotels & Resorts, Inc. (HST) reported second-quarter adjusted funds from operations (AFFO) per share of 58 cents, which surpassed the Zacks Consensus Estimate of 51 cents. The figure increased 1.8% from the prior-year quarter.R ...

Key Takeaways Equinix posts Q2 AFFO per share of $9.91 and $2.26B in revenues, both beating the Zacks Consensus Estimate.Recurring revenues rose 5.9% Y/Y, led by gains in colocation and interconnection revenues.Worldwide cabinet equivalent capacity grew Q/Q by 4,200 in Q2 2025 to 376,000.Equinix Inc. (EQIX) reported second-quarter 2025 adjusted funds from operations (AFFO) per share of $9.91, outpacing the Zacks Consensus Estimate of $9.19. Similarly, total revenues of $2.26 billion surpassed the Zacks Cons ...

Key Takeaways MAA reported Q2 core FFO of $2.15, beating estimates but down 3.15% from the prior year.Same-store NOI fell 2.6% as average effective rent per unit declined year over year.2025 NOI guidance midpoint remains at -1.15% despite trimmed revenue and expense projections.Mid-America Apartment Communities (MAA) , commonly known as MAA, reported second-quarter 2025 core funds from operations (FFO) per share of $2.15, which surpassed the Zacks Consensus Estimate of $2.14. However, the reported figure fe ...