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In This List

The Earnings Report

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Perspectives from China: Chinese M&A in 2022

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Headwinds slow global M&A in Q2’22

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New Corporate Realities: The Next Generation of Managing Risk and Operations


The Earnings Report

This roundup collects recently reported earnings and guidance from North American commercial real estate companies.

* Monmouth Real Estate Investment Corp. reported fiscal third-quarter core funds from operations of $15.4 million, or 21 cents per share, a gain of 21.1% in the aggregate from $12.8 million, or 19 cents per share, in the 2016 third quarter.

For the third quarter, AFFO gained 12.3% from the year-ago period to $14.0 million, or 19 cents per share, from $12.4 million, or 19 cents per share.

The S&P Capital IQ consensus FFO-per-share estimate for the quarter was 18 cents.

* LTC Properties Inc. reported second-quarter National Association of Real Estate Investment Trusts FFO attributable to common stockholders of $31.4 million, or 79 cents per share, a 7.6% increase in the aggregate from $29.2 million, or 77 cents per share, in the 2016 second quarter.

Diluted AFFO for the second quarter rose 9.2% on an aggregate, annual basis to $28.2 million from $25.8 million.

The S&P Capital IQ consensus FFO-per-share estimate for the second quarter was 78 cents.

* Starwood Waypoint Homes reported second-quarter NAREIT FFO of $39.5 million, or 32 cents per share, and core FFO of $54.9 million, or 45 cents per share.

The S&P Capital IQ consensus FFO estimate for the quarter was 44 cents per share.

Starwood Waypoint forecasts core FFO per share in the range of $1.85 to $1.90 for the full year.

For the full year, the S&P Capital IQ consensus FFO-per-share estimate is $1.82.

* Smart Real Estate Investment Trust disclosed second-quarter FFO, with one-time adjustment and transactional FFO, of C$88.9 million, or 57 cents per unit, a 5.0% decrease in the aggregate from C$93.7 million, or 60 cents per unit, in the 2016 second quarter.

For the second quarter, AFFO with one-time adjustment and transactional FFO decreased 3.8% from the year-ago period to C$85.7 million, or 55 cents per unit, from C$89.1 million, or 57 cents per unit.

The S&P Capital IQ consensus FFO-per-unit estimate for the quarter was 55 cents.