Essex Property Trust Inc. (ESS) failed to retain its winning streak alive in fourth-quarter 2016 as the company's core FFO per share of $2.81 per share for the quarter, missed the Zacks Consensus Estimate by a penny.
AvalonBay Communities, Inc.'s (AVB) fourth-quarter 2016 core FFO per share of $2.12 exceeded the Zacks Consensus Estimate of $2.10.
Backed by growth in revenues, UDR Inc. (UDR) came up with a better-than-expected performance for fourth-quarter 2016.
The Zacks Analyst Blog Highlights: GGP, UDR, Alexandria Real Estate Equities and CBRE Group
Apart from the rate factor, performance of REIT stocks depends on individual asset class dynamics and in the fourth quarter, not all asset categories displayed solid strength in their fundamentals.
UDR Inc. (UDR) is slated to report fourth quarter and 2016 results on Monday, Jan 30, after the market closes.
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UDR Inc. (UDR) reported third-quarter 2016 funds from operations as adjusted per share of 45 cents, in line with the Zacks Consensus Estimate.
Our proven model does not conclusively show that Public Storage (PSA) will beat on earnings this season.