For most analysts listening in on the apartment REITs’ third-quarter conference calls, fundamentals were the key. They wanted to know where rents were moving, whether traffic slumped after August’s economic woes, and the will fare in the traditionally slower winter months. While those questions...
Coming into the apartment REITs' third-quarter conference calls, analysts had one overriding concern: Is there a slowdown looming?
Most third-quarter conference calls are usually just a warm up for the fourth-quarter calls. Analysts know the real news comes in the fourth quarter when apartment REITs start to provide a picture of what the coming year looks like.
Like just about every other sector on Wall Street, the apartment REITs have been beaten up the past couple of days, seeing their values move down about 4 percent on average. But that doesn’t diminish the positive results they’re seeing on-site. Even as the jobs picture continues to look shaky, the...