Dafinchi AI

Independence Realty Trust, Inc.

IRT

Financial Services

2w

Shift in Supply Dynamics and Market Delivery Trends for 2025-2026

Supply growth in the company's markets is tapering off, with a reduction in deliveries to less than 2% in 2026, a 43% decrease from 2024 actual deliveries.
Delivery volumes are being pulled forward from 2026 into 2025, especially in markets like Dallas, Denver, and others, leading to a more compressed timeline for new supply.
This shift is expected to support a stronger leasing environment in 2026, with demand remaining robust despite macroeconomic uncertainties.

Acadia Realty Trust

AKR

Financial Services

2w

Financial Performance Summary

85% of executed leases in 2025 came from street and urban portfolio compared to 30% in 2024.
Balance sheet liquidity of approximately $600 million with net debt to EBITDA at 5.5x.
Executed approximately $7.5 million of new leases in first half of 2025, nearly 100% increase over $3.8 million in 2024.
FFO as adjusted for realized gains from Albertsons stock sales was $0.32 per share, in line with expectations.
New 5-year $250 million term loan executed at 120 basis points over SOFR, all-in cost about 4.6% after swaps.
Projected year-over-year NAREIT FFO growth of about 10% at the midpoint of 2025 guidance.
Reported NAREIT FFO of $0.27 per share in Q2 2025, an 8% increase over $0.25 in Q2 2024.
Same-store NOI growth reaffirmed at 5% to 6% for 2025, trending towards midpoint or slightly ahead.
Total core occupancy increased by 50 basis points to 92.2%, with expectation to reach 94% to 95% by year-end.

Getty Realty Corp.

GTY

Financial Services

3w

Accelerating Investment Activity Driven by Market Confidence and Relationship Building

The company attributes the increase in transaction activity to improved market confidence, tenant growth needs, and strong relationship management.
Year-to-date, Getty Realty has closed $95.5 million of investments at an initial cash yield of 8.1%.
The pipeline includes over $90 million of investments, with a focus on accretive spreads and diversification across sectors.

SmartFinancial, Inc.

SMBK

Financial Services

3w

Strategic Focus on Deepening Market Penetration Over Expansion

Management emphasized the importance of getting deeper into existing markets rather than pursuing new market expansion, aiming to double or triple the size of current markets.
The company built a 'mile wide, inch deep' model intentionally and now plans to focus on increasing market share within current regions.
Leadership indicated that future growth will primarily come from organic deepening rather than de novo branch openings or acquisitions.
The company is already planning for 2026, with a focus on consolidating and expanding within its current footprint.
This strategic shift suggests a mature growth phase where depth in existing markets is prioritized over geographic expansion.
Management highlighted the opportunity to significantly increase market share in their current markets, especially in tertiary MSAs.

Digital Realty Trust, Inc.

DLR

Financial Services

3w

Record Interconnection Bookings Driven by 0-1 Megawatt Segment Growth

The company achieved $90 million in interconnection bookings, an 18% increase over the previous record.
Bookings in the 0-1 megawatt plus interconnection category exceeded $300 million over four quarters, up from $200 million in 2023.
Growth was broad-based across regions, with contributions from EMEA, the Americas, and APAC.
Management emphasized the strategic focus on enhancing interconnection capabilities and services, including virtual services supporting AI workloads.