2023-05-11 10:00:00 ET
Summary
- With the first quarter 2023 earnings season now in full bloom, most apartment companies have reported results that were in line, or modestly better than company guidance and investor expectations.
- More important, the outlooks for the balance of the summer leasing season were encouraging.
- A few operators have confidence to raise full-year guidance even with a backdrop of a slowing national economy and sizeable deliveries still to come in many sunbelt markets.
For further details see:
Apartment REITs: Good Results For First Quarter Earnings Lifted Stocks