运营业绩 - 公司季度运营资金为每股0.69美元 符合市场预期 去年同期为每股0.67美元 [1] - 公司季度营收为2.4646亿美元 超出市场预期1.40% 去年同期营收为2.0726亿美元 [2] - 在过去四个季度中 公司有两次FFO超出预期 三次营收超出预期 [1][2] 近期股价表现与市场比较 - 公司股价年初至今下跌约17.1% 而同期标普500指数上涨17.2% [3] - 公司股价近期走势的可持续性将取决于管理层在财报电话会上的评论 [3] 未来展望与预期 - 当前市场对下一季度的FFO预期为每股0.70美元 营收预期为2.4737亿美元 [7] - 当前市场对本财年的FFO预期为每股2.83美元 营收预期为9.7118亿美元 [7] - 在本次财报发布前 公司的盈利预期修正趋势是积极的 [6] 行业比较与同业信息 - 公司所属的REIT和权益信托-其他行业 在Zacks行业排名中位列前34% [8] - 同行业公司Outfront Media预计将于11月6日公布季度业绩 预期每股收益为0.50美元 同比增长2% [9] - Outfront Media预期季度营收为4.5656亿美元 较去年同期增长1% [10]

核心业绩表现 - 第三季度运营资金为每股0.41美元，超出市场一致预期的0.4美元，同比去年的0.39美元增长 [1] - 本季度运营资金超出预期2.50%，与上一季度超出预期的幅度一致，过去四个季度中有三个季度超出预期 [2] - 第三季度营收为2.9777亿美元，超出市场一致预期0.79%，但低于去年同期的3.1542亿美元，过去四个季度中有两个季度超出营收预期 [3] 股价表现与市场比较 - 公司股价年初至今上涨约4.7%，同期标普500指数上涨17.2%，表现不及大盘 [4] - 公司当前的Zacks评级为3级（持有），预计其近期表现将与市场同步 [7] 未来业绩展望 - 当前市场对下一季度的共识预期为运营资金每股0.40美元，营收2.9282亿美元 [8] - 当前市场对本财年的共识预期为运营资金每股1.59美元，营收11.8亿美元 [8] - 业绩发布前，对公司业绩预期的修正趋势好坏参半，未来预期可能随本次业绩公布而调整 [7] 行业比较与前景 - 公司所属的Zacks行业“REIT and Equity Trust - Other”在250多个行业中排名前34% [9] - 同行业公司Douglas Emmett预计将于11月4日公布季度业绩，预期每股收益为0.34美元，同比下降20.9%，但过去30天内对该季度的每股收益预期上调了1.9% [10] - Douglas Emmett预期营收为2.4992亿美元，较去年同期下降0.3% [11]

核心观点 - 公司最新季度FFO每股0.29美元 超出市场预期 但营收不及预期且同比下滑[1][2] - 公司股价年内表现显著弱于大盘 未来走势将取决于管理层评论及FFO预期修正趋势[3][4][5] - 公司所属行业排名靠前 行业前景可能对个股表现产生重要影响[8] 财务业绩表现 - 2025年第三季度FFO为每股0.29美元 超出Zacks一致预期每股0.28美元 实现+3.57%的超预期幅度[1] - 本季度营收为5025万美元 较Zacks一致预期低3.18% 去年同期营收为6194万美元[2] - 上一季度FFO为每股0.48美元 远超预期的每股0.39美元 超预期幅度达+23.08%[1] - 过去四个季度中 公司四次超出FFO预期 三次超出营收预期[2] 市场表现与估值 - 公司股价年初至今下跌约7.4% 同期标普500指数上涨17.2%[3] - 当前Zacks评级为第3级（持有） 预计近期表现将与市场同步[6] - 对未来季度的市场一致预期为FFO每股0.28美元 营收5215万美元 本财年一致预期为FFO每股1.40美元 营收2.095亿美元[7] 行业比较与前景 - 公司所属的REIT和权益信托-其他行业在250多个Zacks行业中排名前34%[8] - 研究显示排名前50%的行业表现优于后50%的行业 优势超过2比1[8] - 同业公司Gladstone Land预计将于11月5日公布业绩 预期季度每股亏损0.03美元 同比变化-123.1% 预期营收1432万美元 同比下降36.6%[9][10]

核心业绩表现 - 季度运营资金为每股0.97美元，超出市场预期的0.96美元，同比去年的0.95美元增长2.1% [1] - 本季度运营资金超出预期1.04%，而上一季度则与预期持平，无意外 [1] - 过去四个季度中，公司有两次运营资金超出市场预期 [2] - 季度营收为3.9761亿美元，低于市场预期0.49%，但同比去年的3.8534亿美元增长3.2% [2] - 过去四个季度中，公司营收均未达到市场预期 [2] 股价表现与市场比较 - 公司股价年初至今下跌约9.4%，而同期标普500指数上涨17.2%，表现显著弱于大盘 [3] - 公司股票目前的Zacks评级为3级，预计近期表现将与市场同步 [6] 未来业绩展望 - 当前市场对下一季度的共识预期为运营资金每股0.97美元，营收4.0565亿美元 [7] - 当前市场对本财年的共识预期为运营资金每股3.86美元，营收16亿美元 [7] - 未来业绩预期在财报发布后可能发生调整，其变化趋势值得关注 [7] 行业背景与同业比较 - 公司所属的REIT和权益信托-其他行业，在Zacks行业排名中位列前34% [8] - 同行业公司Braemar Hotels & Resorts预计将于11月4日公布业绩，预计季度每股亏损0.11美元，同比改善54.2% [9] - Braemar Hotels & Resorts预计季度营收为1.44亿美元，同比下降3% [10]

Park Hotels & Resorts (PK) came out with quarterly funds from operations (FFO) of $0.35 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -10.26%. A quarter ago, it was expected that this company would post FFO of $0.57 per share when it actually produced FFO of $0.64, delivering a surprise of +12.28%.Over the last four quarters, the com ...

CubeSmart (CUBE) came out with quarterly funds from operations (FFO) of $0.65 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.67 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this self-storage company would post FFO of $0.63 per share when it actually produced FFO of $0.65, delivering a surprise of +3.17%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.CubeSmart, which b ...

Omega Healthcare Investors (OHI) came out with quarterly funds from operations (FFO) of $0.79 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to FFO of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +2.60%. A quarter ago, it was expected that this health care real estate investment trust would post FFO of $0.75 per share when it actually produced FFO of $0.77, delivering a surprise of +2.67% ...

COPT Defense (CDP) came out with quarterly funds from operations (FFO) of $0.69 per share, beating the Zacks Consensus Estimate of $0.68 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 +1.47%. A quarter ago, it was expected that this real estate investment trust specializing in suburban office properties would post FFO of $0.67 per share when it actually produced FFO of $0.68, delivering a s ...

VICI Properties Inc. (VICI) came out with quarterly funds from operations (FFO) of $0.6 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to FFO of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +1.69%. A quarter ago, it was expected that this company would post FFO of $0.6 per share when it actually produced FFO of $0.6, delivering no surprise.Over the last four quarters, the company has surp ...

Medical Properties (MPW) came out with quarterly funds from operations (FFO) of $0.13 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to FFO of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -18.75%. A quarter ago, it was expected that this health care real estate investment trust would post FFO of $0.15 per share when it actually produced FFO of $0.14, delivering a surprise of -6.67%.Over t ...