![]() AIMCO had 10.6% revenue growth and 14.2% growth in net operating income (NOI). It also has a strong presence in the Miami and Fort Lauderdale areas in Florida.ĪIMCO’s average daily occupancy rate in the first quarter of 2023 was 98.5%, up from 97.4% in 2022. AIMCO also has over $5 billion in pipeline development, mostly in Florida, Washington D.C., and Aurora, Colorado. AIMCO, as it now calls itself, 6,000 units totaling 14 million square feet across the U.S., and its assets under management total $3.5 billion. (NYSE: AIV) is a Denver-based diversified REIT that owns, leases and manages apartment complexes. Positive developments like these are why over the past 52 weeks, Tanger Factory Outlet Centers has had a total return of 55.57%.Īpartment Investment and Management Co. On May 31, Evercore ISI Group analyst Samir Khanal maintained an In-Line rating for Tanger Factory Outlet Centers and raised the price target from $20 to $22. Tanger also raised its full-year 2023 guidance for core FFO per share. Revenue of $108.94 million beat the estimates of $108.72 million and was up from $108.87 million year over year. FFO of $0.46 was a penny above the first quarter of 2022 and beat the analysts’ estimates of $0.44. On April 27, Tanger reported first-quarter operating results. The annual dividend of $0.98 presently yields 4.5%. On April 11, Tanger increased its quarterly dividend by 11.3% from $0.22 to $0.245 per share. Recent developments have been quite positive. ![]() The Nautilus is a 250-room oceanfront luxury hotel that will undergo a $25 million repositioning in the summer of 2024 and reopen in 2025 with the new name “Nautilus Sonesta Miami Beach.” On June 1, Service Properties Trust announced it has acquired the Nautilus Hotel in Miami Beach, Florida for $165.4 million. RevPAR has recently climbed from $96.21 to a second-quarter projected range of $97 to $103. ![]() ![]() Revenue of $429.21 million beat the analysts’ estimate of $412.41 million and was a 9% increase over the first quarter of 2022. On May 9, the first-quarter FFO of $0.23 was a 1,250% increase over negative $0.02 in the first quarter of 2022. Revenue of $455.22 million beat Wall Street’s view by $10.35 and was 8% ahead of revenue of $421.38 million in the fourth quarter of 2021. 28, fourth-quarter funds from operations (FFO) of $0.44 beat the analysts’ view by $0.08 and was up 158% from FFO of $0.17 in the fourth quarter of 2021. Service Properties has reported two excellent quarters so far in 2023, as hotel occupancy and revenue per available room (RevPAR) have been increasing. Service Properties Trust (NASDAQ: SVC) is a Newton, Massachusetts-based diversified REIT with a portfolio of 220 hotels and 765 service-focused net lease retail outlets that covers 46 states, Puerto Rico and Canada. Here's How To Invest In The City's Growth Before He Floods It With New Tech Workers Take a look at three REITs from different subsectors that have beaten every other REIT over the past year and the forces that are driving them higher.īezos-Backed Startup Lets You Become A Landlord With $100Įlon Musk Is Bullish On Austin. Earnings and dividend growth often drive stock prices higher, regardless of the popularity of a particular issue. (NYSE: PLD) and others.īut often, it’s the lesser-known stocks that can produce the best total performance if they have been growing their earnings or dividends. If you follow income stocks like real estate investment trusts (REITs) on a regular basis, you will undoubtedly hear a lot about the larger and more popular REITs, such as Realty Income Corp.
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