Zacks Equity Research has identified Host Hotels & Resorts, Realty Income, and Simon Property Group as three real estate investment trusts with the potential to deliver positive earnings surprises this season. Host Hotels carries a Zacks Rank #2 and an Earnings ESP of +1.48%, with consensus estimates pointing to quarterly revenues of $1.62 billion and adjusted funds from operations per share of 62 cents. Realty Income also holds a Zacks Rank #2 and an Earnings ESP of +0.92%, with consensus revenues of $1.54 billion and AFFO per share of $1.09. Simon Property Group has a Zacks Rank #3 and an Earnings ESP of +0.39%, with consensus revenues of $1.71 billion and funds from operations per share of $3.18. All three companies are scheduled to report second-quarter results in early August, and Zacks notes that the combination of a favorable rank and a positive Earnings ESP has historically indicated a roughly 70% chance of an earnings beat.
Host Hotels & Resorts IncZacks highlights Host Hotels with a Zacks Rank #2 and positive Earnings ESP, indicating potential earnings upside.
Simon Property Group IncZacks highlights Simon Property with a Zacks Rank #3 and positive Earnings ESP, indicating potential earnings upside.
Realty Income Corporation