Although hardly in the rearview mirror just yet, the coronavirus pandemic was a massive headwind for real estate investment trusts (REITs) in 2020.

Not all REITs got hit, of course, but some key sectors were deeply impacted, including retail, healthcare, and anything that had an experiential component. Which is why it’s so exciting to see that federal Realty (NYSE: FRT), Welltower (NYSE: WELL), and EPR (NYSE: EPR) managed to beat analyst expectations in the second quarter.

1. Could Have Been Worse

Federal Realty owns strip malls and mixed-use assets, which generally held up pretty well during the pandemic because around 75% of its properties contain grocery stores. That, however, doesn’t mean that the REIT didn’t face its fair share of headwinds, noting that its properties also contain things like restaurants, gyms, and locally owned stores, all of which were hit particularly hard.

At one point, the REIT, and other REITS, were projecting that its occupancy would fall well into the 80% range before starting to rebound. That would have been a tough number to see, given that occupancy was roughly 95% at the end of 2019.

Only that drop didn’t happen. In fact, demand for this landlord’s highly curated portfolio of around 100 or so properties remained fairly robust, and occupancy ended the second half of 2021 just shy of 90%. In fact, the company described its leasing activity as being at “record levels.”

It’s no wonder that its funds from operations (FFO) came in above analyst expectations. The beat was huge, too, with Federal Realty besting consensus by more than $0.25 per share. In defense of analysts here, they are only making educated guesses — even companies don’t really know what they will earn in any given quarter. But it’s clear that Federal Realty is coming out of the pandemic on a strong note.

2. Demographics Won’t Be Denied

Welltower owns senior housing properties, which are purpose-built to bring older people together in a group setting.

Read More…

 

7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.

Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself. We are offering non-members access to member pricing, so you can experience the Skip Force Difference and improve the quality of your lists.

🔥Pay wholesale price for quality data
🔥Receive the TOP 3 Phone Numbers
🔥Discover which phone numbers are best
🔥Learn the BEST Time to reach a contact
🔥We can take your old list, grade it and come up with the
BEST NUMBERS to contact
🔥Develop a SNIPER MARKETING Plan
🔥Increase ROI and TEAM MORALE

We have extended this special but cannot afford to keep this offer running for long.

Have Questions? Reach out to us, we’re here to help.
Call us at: 866-962-8190

Get Started Now

About Skip Force LLC.: Skip Force is a SaaS company based in Austin, TX. Founded in August of 2019, Skip Force has developed solutions, for real estate investors and resellers, to streamline the skip tracing process to effectively close leads.

Related News

How to Perform Online Skip Tracing for Property Finding?

In the age of technology and information, skip tracing has become an essential tool for various industries, including real estate. Skip tracing refers to the process of locating a person’s current whereabouts by gathering and analyzing available data. When it comes to property finding, skip tracing can be a valuable asset for real estate agents, […]

What is Skip Tracing for Wholesalers

In the world of real estate wholesaling, finding motivated sellers and hidden opportunities is essential for success. Skip tracing has emerged as a powerful tool that enables wholesalers to locate elusive property owners and generate profitable deals. In this content, we will delve into the concept of skip tracing for wholesalers in wholesale real estate, […]

Skip Tracing for Real Estate
Real Estate Skip Tracing Services

Skip tracing has become an invaluable tool in the real estate industry, offering professionals the ability to locate and connect with individuals crucial to their business. By leveraging skip tracing services, real estate professionals can streamline their operations, enhance their due diligence efforts, and increase the chances of successful transactions. What is meant by “Real […]