|Bid||0.00 x 1000|
|Ask||75.26 x 900|
|Day's Range||74.68 - 75.44|
|52 Week Range||59.66 - 76.59|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.32|
|Expense Ratio (net)||0.48%|
Given the bullish fundamentals, we have highlighted a few real estate ETFs that hit new one-year highs and could be excellent picks for investors seeking to benefit from defensive flight and a pause in Fed's tightening policy.
We have highlighted five ETFs from different corners of the market that have traded in the green in three months and will likely to continue to do so should the trends prevail.
Equity Residential (EQR) reported strong third-quarter 2018 results yesterday. Its top and bottom lines came in ahead of Wall Street estimates and marked a decent improvement from the year-ago quarter as well as sequentially.
The demand for self-storage facilities is on the rise. Citing a report by IBISWorld, Investment Bank reported that revenues of the self-storage industry are anticipated to grow 2.9% annually and reach $32.6 billion by 2020, from $30 billion at the end of 2017.
Equity Residential (EQR) always looks for opportunities to enhance shareholder wealth through its reinvestment strategies. It not only acquires or develops a property to earn rental income throughout the lifetime of the asset but also looks for options to take advantage of value appreciation in its properties and reinvest unleashed capital in more lucrative opportunities.
Equity Residential’s (EQR) second-quarter top line beat Wall Street estimates and marked a YoY (year-over-year) improvement, mainly driven by increased same-store revenues. Its same-store revenues, which include 72,629 apartment units, rose 2.2% YoY to $599.6 million.
On July 25, Equity Residential (EQR) posted FFO (funds from operations) of $0.81 for Q2 2018, beating Wall Street’s expectations by a penny and exceeding the mid-point of management’s guidance of $0.77–$0.81. That marked an improvement of $0.04 (or 5.2%) from FFO of $0.77 in Q2 2017. Increased rentals, higher occupancy rates, and upside margins benefited its second-quarter bottom-line results.
Extra Space Storage (EXR) is set to report its second-quarter results on July 31. Analysts expect its second-quarter AFFO (adjusted funds from operations) to rise 5.5% YoY (year-over-year) to $1.15 due to strong demand in the self-storage space and Extra Space’s strategic initiatives enhancing traffic and driving occupancy rates.
Ventas (VTR) is slated to report its second-quarter results on July 27. Wall Street expects its results to be mixed, with revenue rising 1.6% YoY (year-over-year) to $910.2 million and AFFO (adjusted funds from operations) per share falling 2.9%. The segment is struggling with market oversupply, which is impacting its pricing power, average occupancy rate, and monthly REVPOR (revenue per occupied room).