trending Market Intelligence /marketintelligence/en/news-insights/trending/9gV28U318nbA1Wys-Tuatg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Mall REITs projected to report largest YOY drop in FFO per share for Q3

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Mall REITs projected to report largest YOY drop in FFO per share for Q3

Consensus S&P Global Market Intelligence estimates indicate regional mall real estate investment trusts will report the largest year-over-year decline in funds from operations per share for the third quarter of 2019, at a median of 15.4%.

Simon Property Group Inc., the largest mall REIT by market capitalization, is expected to report FFO of $3.05 per share, in line with its year-ago earnings.

However, peers Macerich Co., Taubman Centers Inc., Pennsylvania Real Estate Investment Trust and CBL Properties are each predicted to report double-digit percentage declines in FFO per share for the quarter.

At the other end of the spectrum, industrial REITs are forecast to report the largest year-over-year increase in FFO per share, at 7.3% on a median basis.

Industrial behemoth Prologis Inc., the first REIT to report earnings, reported core FFO of 97 cents per share for the third quarter, a 34.7% increase year over year.

The residential and specialty sectors followed, expected to produce year-over-year FFO growth of 5.2% and 5.0%, respectively, on a median basis. The specialty REIT sector includes advertising, casino, communications, data center, energy infrastructure, land, prison, timber and other specialty REITs.

SNL Image