EXR’s occupancy rate in 2Q17 was 94.5% compared to 94.1% in 2Q16.
Extra Space (EXR) holds 12% of its total properties in the form of joint ventures and 32% managed for third parties—the largest in the industry.
Extra Space (EXR) raised its same-store revenue expectations by 25 basis points to 4.5%–5.0%. The West Coast, Orlando, Las Vegas, and West Palm Beach have been its strongest performers.
Analysts gave EQIX a mean price target of $523.87, implying an ~20.0% increase from its current level of $435.95.
Equinix’s 3Q17 funds from operations stood at $4.97 per share. Its expected FFO was $4.11 for a surprise of ~20.9%.
Equinix (EQIX) announced a dividend of $2.00 per share for 3Q17, leading to a total of $8.00 for 2017 and up from $7.00 in 2016.
Equinix (EQIX) had capex of $320.0 million in 3Q17, which included recurring capex of $45.0 million.
Equinix generated an ~30.0% yield on gross property, plant, and equipment on stabilized assets. It generated a ten-year shareholder return of ~18.0%.
Equinix’s 3Q17 revenues in the Americas rose 12% quarter-over-quarter and 40% year-over-year on an as-reported basis.
Equinix’s (EQIX) adjusted EBITDA is expected to be ~$2.0 billion–$2.1 billion, bringing its adjusted EBITDA margin to 47.0%.
Equinix (EQIX) acquired 29 data centers from Verizon from 2017. EQIX reported revenues of ~$1.2 billion in 3Q17, a 25.0% increase year-over-year.
Welltower’s (HCN) performance expectations in 2018 have reflected in its analyst ratings. Analysts gave HCN a mean price target of $70.86, implying a ~15% rise from its current level of $61.37.
REITs’ income can be correctly determined using the price-to-FFO multiple, which makes multiple adjustments—like adding back depreciation to correctly reflect income.
Welltower (HCN) announced a dividend of $0.87 per share for 3Q17 from the previous guidance $0.86 in 3Q16. The dividend yield stands at ~5.6%.
Welltower (HCN) has kept its balance sheet in good shape. It has a cash balance of $236 million and $2.6 billion in credit line availability.
Welltower (HCN) is in the business of senior housing and healthcare real estate. It has 1,334 healthcare properties and ~198,000 residents.
Welltower (HCN) reported revenue of 1.09 billion—1.14% higher than the previous year. Rental income fell 13% due to lower occupancy in Canada the United Kingdom.
Welltower (HCN) increased its SSNOI (same-store net operating income) to 2.5%–3% from 2.25%–3%. This slight increase is due to strong seniors’ housing operating performance.
As of January 2018, 21 of the 22 analysts covering American Tower stock have given it a “buy” or “strong buy” rating. The remaining analyst gave it a “hold” rating.
The FFO for American Tower (AMT) for 3Q17 stood at $1.73 per share. Its FFO was $1.68 per share in 2Q17, $1.58 in 1Q17, and $1.47 in 4Q16.