Economy

Based on research by S&P Global Market Intelligence, more than half of U.S. equity REITs reported third-quarter funds from operations (FFO) that exceeded sell-side analyst expectations. S&P analyzed 127 U.S. REITs and found that 71 reported FFO per share higher than third-quarter consensus estimates. Out of the remaining REITs, 24 equaled consensus expectations for the quarter and 32 fell short of FFO expectations. The research covered U.S. equity REITs that trade on the Nasdaq, NYSE, and NYSE American, have market caps over $200 million, and have had three or more FFO-per-share estimates for the three months ending on September 30th. The top industries that outperformed were industrials and self-storage, with 9 out of the 11 industrial REITs surpassing analyst FFO-per-share estimates during the quarter. One notable self-storage REIT was Americold Realty Trust Inc., which reported a core FFO of 25 cents per share, 31.6% above its consensus estimate. Out of all the industries, the largest beat was Safehold Inc., which more than doubled its estimate of 42 cents per share.


Finsum:REITs had a strong quarter with 56% reporting third-quarter funds from operations that outperformed sell-side analyst expectations.

Someone say crystal ball?

Well, might not be a bad idea, given that, this year, according to projections from the Global “Real Estate Market" Report, the ballooning of the real estate market’s expected to hit multimillion dollars by 2029, reported marketwatch.com.

Revenue wise, the Real Estate Market will register a “magnificent” spike in CAGR over the next seven years according to the report, a detailed, comprehensive analysis for global Door and Real Estate market. Against the backdrop of a perpetually changing market, the report delves into the competition, supply and demand trends. That’s not to mention key factors abetting its evolving demands across many markets.

Meantime, October saw the lowest volume of sales seen by the Tahoe Sierra MLS predating 2016, according to moonshsinenk.com, based on TLUXP.com.

In September, the number of single family homes dipped while the median price – both month and over month and year over year – scooted north. And this year? Funny you should ask: it represents the highest October median month in the same period the area’s had. Varying peaks and valleys are being felt in each micro region, culminating in a landscape of inconsistency. 

According to its bi-annual Investor Sentiment Report, commercial real estate data platform Lightbox found that real estate investors are increasingly concerned about a potential recession. In fact, 90 percent of the survey respondents were concerned about the potential for an upcoming recession. Survey participants included commercial real estate professionals from brokerage firms, investment firms, and other real estate segments. Approximately one-third of the survey’s respondents said they were “very concerned” about a recession, while 56 percent said they were just “concerned.” Only 10 percent said they were not concerned at all. The survey, which was taken in August and September, also reflected concerns over the impact of rising interest rates, inflation, and supply chain disruption. Looking at the rest of 2022, most respondents were not optimistic about the real estate market, but 42 percent were more optimistic about 2023. In addition, 80 percent of respondents said rising interest rates, high inflation, and other issues have impacted their hiring strategy, while forty percent said they are only hiring for high-priority needs.


Finsum: Based on the results of a recent survey, 90 percent of real estate investors are concerned about the potential for an upcoming recession.

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