REIT Q1: Stable Portfolio, Midwest Strength

The apartment REITs first quarter earnings show core funds from operations at $1.12 per diluted share, with revenues staying flat and leasing picking up steam. Midwest markets like Minneapolis are thriving, while Denver lags due to regulations and past supply waves. Investors are more selective, but nationwide deals increased by 13% last year. Expenses ran hotter than usual, but controllables grew just 1.6% same-store. The balance sheet is solid with a 3.6% debt rate and $267 million liquidity. The portfolio is stable, with the team positioned for success through the strategic process. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/86ae60712e0f60bc