$XLRE Real Estate Sector ETF
Back to back declines despite interest rate easing... bulls hoping for a higher low. #IBDPartner
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macroQmicro
Industry Sectors ranked by price strength and price momentum as of the Nov. 6 close:
$XLRE
macroQmicro
Industry Sectors ranked by price strength and price momentum as of the Nov. 5 close:
$XLRE
topstockalerts
Construction spending in September fell at its fastest monthly level since the Covid pandemic, weighed by a sharp drop in residential activity.
The Commerce Department reported Monday that the metric slipped 1.9% for the month, posting the biggest monthly decline since April 2020. On a year-over-year basis, construction spending was off 2.7%.
Residential spending was off 5.5%, more than offsetting a 0.6% increase in nonresidential outlays. Economists surveyed by Dow Jones had been looking for an increase of 0.4%. Private construction spending fell 2.4%, while public construction expenditures were off 0.1%. $XLRE
filecrux
$XLRE $EQIX $DLR Real estate, week of Oct 26: 26 companies made news worth knowing.
📈 Results led the week: 21 real estate companies put out 23 results reports, and 18 of those reports were good news for shareholders, with just 2 bad
🚀 Equinix, a data center owner, raised its 2026 forecast for AFFO per share (cash profit per share) to $43.71–$44.11 after record Q3 bookings of $533M at a yearly rate, up 35%
🚀 Digital Realty, another data center owner, raised its 2026 forecast for Core FFO per share (cash profit per share) to $8.30-$8.35 after leases signed in Q3 set a record $627M of yearly rent
⚠️ The bear read for Digital Realty is that its raised 2026 forecast leaves $2.03-$2.08 of cash profit per share for Q4, below the $2.10 it made in Q3
🧾 On the bad side, lab landlord Alexandria took a $637.9M write-down on buildings it is selling, and its quarterly cash profit per share (FFO) fell to $1.54 from $2.22 a year earlier
macroQmicro
Industry Sectors ranked by price strength and price momentum as of the Oct. 26 close:
$XLRE
filecrux
$XLRE $CBRE $VTMX Real estate, week of Oct 19: 19 companies had notable news (23 filings and releases).
🏢 Results led the week: 10 companies had results news in 11 filings and releases (6 labelled good for holders, 4 bad, 1 mixed), and 4 had deal news
🤝 CBRE, the world's largest commercial real estate services firm, agreed to buy London data center firm Onnec for £460M (~$610M) in cash, plus up to £300M (~$400M) more if growth targets are met
🚀 Vesta, a landlord for industrial buildings in Mexico, raised its 2026 revenue growth forecast to 11.5%-12.5% from 10%-11%, as rental revenue excluding energy grew 10.8%
✂️ Brandywine, an office landlord, cut its 2026 FFO forecast to $0.45-$0.47 from $0.53-$0.57, but its core forecast, which leaves out $15.4M of losses on retiring debt, is $0.54-$0.56
📉 AGNC, a mortgage bond investor, said book value fell 16.9% to $7.13 a share, and it also sold 97.6M new shares for $992M, above book value