Latest news with #REIT
Yahoo
6 hours ago
- Business
- Yahoo
NXRT or ESS: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of NexPoint Residential Trust Inc. (NXRT) and Essex Property Trust (ESS). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits. NexPoint Residential Trust Inc. has a Zacks Rank of #2 (Buy), while Essex Property Trust has a Zacks Rank of #3 (Hold) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that NXRT has an improving earnings outlook. However, value investors will care about much more than just this. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use. NXRT currently has a forward P/E ratio of 10.23, while ESS has a forward P/E of 18.06. We also note that NXRT has a PEG ratio of 1.71. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ESS currently has a PEG ratio of 6.00. Another notable valuation metric for NXRT is its P/B ratio of 2.23. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, ESS has a P/B of 3.22. These metrics, and several others, help NXRT earn a Value grade of B, while ESS has been given a Value grade of D. NXRT sticks out from ESS in both our Zacks Rank and Style Scores models, so value investors will likely feel that NXRT is the better option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NexPoint Residential Trust, Inc. (NXRT) : Free Stock Analysis Report Essex Property Trust, Inc. (ESS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
National Post
9 hours ago
- Business
- National Post
Granite REIT Notice of Conference Call for Second Quarter 2025 Results
Article content TORONTO — Granite Real Estate Investment Trust ('Granite') (TSX: / NYSE: GRP.U) expects to announce its financial results for the second quarter ended June 30, 2025 after the close of markets on Wednesday, August 6, 2025. Article content Granite will hold a conference call and live audio webcast to discuss its financial results. The conference call will be chaired by Kevan Gorrie, President and Chief Executive Officer. Article content Article content Conference Call: Article content To hear a replay of the webcast, please visit The replay will be available for 90 days. Article content ABOUT GRANITE Article content Granite is a Canadian-based REIT engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe. Granite owns 144 investment properties representing approximately 63.3 million square feet of leasable area. Article content OTHER INFORMATION Article content Copies of financial data and other publicly filed documents about Granite are available through the internet on the Canadian Securities Administrators' System for Electronic Data Analysis and Retrieval+ (SEDAR+) which can be accessed at and on the United States Securities and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR) which can be accessed at For further information, please see our website at or contact Teresa Neto, Chief Financial Officer, at 647-925-7560 or Andrea Sanelli, Senior Director, Legal & Investor Services, at 647-925-7504. Article content Article content Article content Article content Contacts Article content Teresa Neto Chief Financial Officer 647-925-7560 Article content Article content Article content
Cision Canada
10 hours ago
- Business
- Cision Canada
H&R Reports Voting Results from 2025 Annual Meeting of Unitholders
TORONTO, June 27, 2025 /CNW/ - H&R Real Estate Investment Trust ("H&R REIT" or the "REIT") (TSX: is pleased to announce that each of the trustee nominees listed in the management information circular dated April 30, 2025 for the annual meeting of unitholders of the REIT (the "Circular") held earlier today was elected as a trustee of the REIT. Each of the REIT trustees was re-elected with votes in favour ranging from approximately 94.18% to 99.85% of the votes cast at the meeting. Voting results for the individual trustees of the REIT are as follows: In addition, the REIT is pleased to announce that a non-binding advisory resolution on the REIT's approach to executive compensation, as set out in the Circular, was passed as an ordinary resolution of the unitholders by a majority on a vote conducted by way of ballot. The results of the ballot were 130,671,954 votes (93.78%) voting in favour of the 'say on pay' resolution. All other matters set out in the Circular were approved by the requisite majority of the unitholders at the meeting. Final results on all matters voted at the meeting will be filed shortly with the Canadian securities regulators. About H&R REIT H&R REIT is one of Canada's largest real estate investment trusts with total assets of approximately $10.5 billion as at March 31, 2025. H&R REIT has ownership interests in a Canadian and U.S. portfolio comprised of high-quality residential, industrial, office and retail properties comprising over 25.6 million square feet. H&R's strategy is to create a simplified, growth-oriented business focused on residential and industrial properties in order to create sustainable long-term value for unitholders. H&R plans to sell its office and retail properties as market conditions permit. H&R's target is to be a leading owner, operator and developer of residential and industrial properties, creating value through redevelopment and greenfield development in prime locations within Toronto and high growth U.S. sunbelt and gateway cities.
Cision Canada
19 hours ago
- Business
- Cision Canada
PROREIT COMPLETES ACQUISITION OF SIX INDUSTRIAL PROPERTIES IN WINNIPEG FOR $96.5 MILLION Français
MONTRÉAL, June 27, 2025 /CNW/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: today announced the successful completion of its previously announced acquisition of a 100% interest in a portfolio of six high-quality industrial properties located in Winnipeg, Manitoba totaling 678,177 square feet of GLA (the "Portfolio") for an aggregate purchase price of $96.5 million (excluding closing costs) from Parkit Enterprise Inc. (TSXV: PKT) ("Parkit"), representing approximately $142 per square foot and a mid-six percent capitalization rate (the "Transaction"). As part of this accretive Transaction, PROREIT paid approximately $40 million of the purchase price by issuing to Parkit at a price of $6.20 per unit (i) 3,776,613 trust units of the REIT, and (ii) 2,675,000 Class B LP Units of PRO REIT Limited Partnership. Each Class B LP Unit is exchangeable for a trust unit of the REIT and is attached to a special voting unit of the REIT providing for a voting right in the REIT. The issuance price represents premiums of 21.8% and 24.4% over the closing price of the PROREIT units on May 12, 2025, the last day prior to the announcement of the Transaction, and the 20-day volume-weighted average trading price of the PROREIT units as at that date, respectively. Following the Transaction, Parkit now holds an approximate 9.6% ownership interest in PROREIT. Concurrent with the closing of the Transaction, PROREIT and Parkit entered into an investor rights agreement providing for, among other things, certain lock-up and standstill provisions, pre-emptive and registration rights, as well as the right for Parkit to nominate one trustee to PROREIT's board. In accordance with the investor rights agreement, Steven Scott, who currently serves as Chairman on Parkit's board, was appointed to the board of PROREIT as the initial Parkit nominee. The investor rights agreement will be available under the REIT's profile on SEDAR+ at Financing of the Portfolio The $96.5 million purchase price (excluding closing costs) for the Portfolio was satisfied with cash from a new $63 million 3-year secured non-revolving credit facility (with two successive one-year renewal options) at a 5-year fixed swap rate of 4.54% and the issuance of $40 million of units to Parkit. The balance of the non-revolving credit facility was used to repay a portion of indebtedness outstanding under the REIT's existing credit facilities and for general business purposes. About PRO Real Estate Investment Trust PROREIT (TSX: is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. Founded in 2013, PROREIT owns a portfolio of high-quality commercial real estate properties in Canada, with a strong industrial focus in robust secondary markets. For more information on PROREIT, please visit the website at: Forward-Looking Statements This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including statements relating to certain expectations, projections, growth plans and other information related to REIT's business strategy and future plans. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond PROREIT's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements pertaining to the impact of the Transaction on the future performance of the REIT. PROREIT's objectives and forward-looking statements are based on certain assumptions, including that (i) PROREIT will receive financing on favorable terms; (ii) the future level of indebtedness of PROREIT and its future growth potential will remain consistent with the REIT's current expectations; (iii) there will be no changes to tax laws adversely affecting PROREIT's financing capacity or operations; (iv) the impact of the current economic climate and the current global financial conditions on PROREIT's operations, including its financing capacity and asset value, will remain consistent with PROREIT's current expectations; (v) the performance of PROREIT's investments in Canada will proceed on a basis consistent with PROREIT's current expectations; and (vi) capital markets will provide PROREIT with readily available access to equity and/or debt. The forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement. All forward-looking statements in this press release are made as of the date of this press release. PROREIT does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is contained under "Risk Factors" in PROREIT's latest annual information, which is available under PROREIT's profile on SEDAR+ at
Bloomberg
a day ago
- Business
- Bloomberg
Indian REITs May Stretch Gains on Rate Cuts, Strong Leasing
Units of Indian real estate investment trusts are poised to extend gains on the back of falling interest rates and a buoyant commercial property market, analysts tracking the sector said. Nexus Select Trust, Mindspace Business Parks REIT, Embassy Office Parks REIT and Brookfield India Real Estate Trust have returned as much as 27% over the last year, compared with a 9% drop in a NSE Nifty gauge of property developers.
