REIT results recap — Q2 2024

In this episode of CRE Exchange, Cole Perry, Associate Director of Research, and Omar Eltorai, Director of Research at Altus Group, offer a comprehensive analysis of recent trends and data in the commercial real estate market. They discuss the latest macroeconomic updates and spend the lion’s share of the episode on the latest REIT earnings, providing insights from each of the sectors.Key Takeaways:(01:27) Labor data and job openings trends. (03:00) Construction spending data insights. (04:48) Federal Reserve policy statement.(06:55) BLS June employment report.(09:04) Prologis Q2 performance.(10:33) Rexford Industrial Realty Q2 performance. (16:44) Cousins Q2 performance. (19:43) Brixmor Property Group Q2 performance.(21:55) Agree Realty Corp. Q2 performance.(26:07) Equity Residential Q2 performance.(29:58) Equity Lifestyle Properties Q2 performance.(34:24) Public Storage Q2 performance.(36:55) Extra Space Q2 performance.(42:33) Summit Hotel Properties Q2 performance.Resources Mentioned:Altus Group - https://www.linkedin.com/company/altus-group/ US Q2 2024 Employment Situation Report - https://www.bls.gov/news.release/pdf/empsit.pdfUS Construction Spending Data - https://www.census.gov/construction/c30/c30index.htmlAgree Realty Q2 Earnings - https://investors.agreerealty.com/quarterly-earningsBrixmor Property Group Q2 Earnings - https://s1.q4cdn.com/531584854/files/doc_financials/2024/q2/BRX2Q24ER-Tables.pdfCousins Properties Q2 Earnings - https://s201.q4cdn.com/928444072/files/doc_financials/2023/ar/2024-final-proxy.pdfRexford Industrial Realty Q2 Earnings - https://ir.rexfordindustrial.com/news-releases/news-release-details/rexford-industrial-announces-second-quarter-2024-financialEquity Lifestyle Q2 Earnings - https://equitylifestyle.gcs-web.com/quarterly-supplemental-packagesEquity Residential Q2 Earnings - https://s1.q4cdn.com/843629197/files/doc_earnings/2024/q2/earnings-result/eqrpr2Q24.pdfExtra Space Q2 Earnings - https://ir.extraspace.com/financial-stock-info/quarterly-earningsPrologis Q2 Earnings - https://ir.prologis.com/press-releases/detail/991/prologis-reports-second-quarter-resultsPublic Storage Q2 Earnings - https://investors.publicstorage.com/investor-relations/default.aspxSL Green Realty Corp. Q2 Earnings - https://slgreen.gcs-web.com/Summit Hotel Properties Q2 Earnings - https://investor.shpreit.com/financials/financial-statements-as-reported/default.aspxLeave us your feedback:CRE Exchange - SpeakPipe - https://www.speakpipe.com/CREexchangeThanks for listening to the CRE Exchange podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property