Retail REIT Simon Property (NYSE:SAU) is scheduled to announce Q3 earnings on Tuesday, November 1, before the market opens.
Subsector received Up ~8% last week on strong Q3 results.
Kimco Realty, or KIM, placed Q3 FFO is $0.41, better for 0.02 US dollars. Revenue of $433.4M (+17.6% YoY) tops $15.98M.
Retail return on investment, or ROIC, too placed beat in revenue.
REITs published solid results amid a disappointing earnings season for the broader equity market, according to Seeking Alpha author Hoya Capital.
Earnings season is still young for the retail sector, but the results so far have been pretty solid, the author said.
Can SPG continue its winning streak for retail REITs?
SAU consensus estimate of FFO is $2.92, and the consensus revenue estimate is $1.27 billion.
With favorable tailwinds for retail REITs, the upward trend is unlikely to stop.