From NASDAQ: 2024-08-01 11:52:00

The second-quarter reporting cycle has begun, and investing in companies poised to beat estimates can result in higher gains due to earnings beats acting as catalysts. Simon Property Group, Apple Hospitality REIT, and Armada Hoffler Properties are likely to show positive results. Following the FOMC meeting, rate-sensitive REITs are in the spotlight with the possibility of a rate cut in September. The U.S. apartment market saw a surge in demand in the second quarter despite supply issues, while the retail real estate market maintained a low vacancy rate and positive net absorption. Office markets showed signs of revival with positive demand, and hotel properties experienced growth in occupancy and revenue per available room. The Zacks methodology can help pick the right stocks, with Simon Property Group, Apple Hospitality REIT, and Armada Hoffler Properties being good options. Simon Property Group is expected to benefit from high-quality assets and an omnichannel approach, while Apple Hospitality REIT has investments in popular hotel brands with strong demand. Armada Hoffler Properties, mainly focused on the Mid-Atlantic and Southeastern U.S., offers diversified real estate development and management services. These companies are expected to report positive earnings surprises, with Armada Hoffler Properties releasing their quarterly figures on August 7 after market close.



Read more at NASDAQ:: 3 REITs Likely to Emerge Victorious This Earnings Season