In this episode of CRE Exchange, Cole Perry, Associate Director of Research, and Omar Eltorai, Director of Research at Altus Group, offer a comprehensive analysis of recent trends and data in the commercial real estate market. They discuss the latest macroeconomic updates and spend the lion’s share of the episode on the latest REIT earnings, providing insights from each of the sectors.
Key Takeaways:
(01:27) Labor data and job openings trends.
(03:00) Construction spending data insights.
(04:48) Federal Reserve policy statement.
(06:55) BLS June employment report.
(09:04) Prologis Q2 performance.
(10:33) Rexford Industrial Realty Q2 performance.
(16:44) Cousins Q2 performance.
(19:43) Brixmor Property Group Q2 performance.
(21:55) Agree Realty Corp. Q2 performance.
(26:07) Equity Residential Q2 performance.
(29:58) Equity Lifestyle Properties Q2 performance.
(34:24) Public Storage Q2 performance.
(36:55) Extra Space Q2 performance.
(42:33) Summit Hotel Properties Q2 performance.
Resources Mentioned:
https://www.linkedin.com/company/altus-group/
US Q2 2024 Employment Situation Report -
https://www.bls.gov/news.release/pdf/empsit.pdf
US Construction Spending Data -
https://www.census.gov/construction/c30/c30index.html
https://investors.agreerealty.com/quarterly-earnings
Brixmor Property Group Q2 Earnings -
https://s1.q4cdn.com/531584854/files/doc_financials/2024/q2/BRX2Q24ER-Tables.pdf
Cousins Properties Q2 Earnings -
https://s201.q4cdn.com/928444072/files/doc_financials/2023/ar/2024-final-proxy.pdf
Rexford Industrial Realty Q2 Earnings -
https://ir.rexfordindustrial.com/news-releases/news-release-details/rexford-industrial-announces-second-quarter-2024-financial
Equity Lifestyle Q2 Earnings -
https://equitylifestyle.gcs-web.com/quarterly-supplemental-packages
Equity Residential Q2 Earnings -
https://s1.q4cdn.com/843629197/files/doc_earnings/2024/q2/earnings-result/eqrpr2Q24.pdf
https://ir.extraspace.com/financial-stock-info/quarterly-earnings
https://ir.prologis.com/press-releases/detail/991/prologis-reports-second-quarter-results
https://investors.publicstorage.com/investor-relations/default.aspx
SL Green Realty Corp. Q2 Earnings -
https://slgreen.gcs-web.com/
Summit Hotel Properties Q2 Earnings -
https://investor.shpreit.com/financials/financial-statements-as-reported/default.aspx
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