Designer Brands (DBI) is set to release its latest quarterly earnings report on September 11th, 2024. Analysts are expecting an EPS of $0.57, and investors will be eager to see if the company can beat those estimates and provide positive guidance for the next quarter. This article analyzes the company’s past performance, analyst sentiment, and financial metrics to offer insights into what investors can anticipate.
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– The Third Avenue International Real Estate Value Fund (TAREX) generated a return of -1.70% for the first quarter of 2024, compared to -2.43% for its benchmark, the FTSE/EPRA NAREIT Global ex US Index.
– Over the past year, the Fund generated a return of +8.59% (after fees) versus +4.49% (before fees) for the Index.
– The Fund’s key investment themes include nearshoring growth, undersupplied residential markets in Western regions, and emerging self-storage platforms.
– Fund Management attended various conferences and met with senior executives from almost half of the Fund’s holdings. These updates supported the Fund’s investment underwriting.
– Netshoring tenant demand exceeds new supply in Mexico, with broad speculative new development restricted by infrastructure constraints and high financing costs. The Fund’s public holdings are in an advantageous position to benefit from high rental growth and attractive profits on new development.
– The supply-demand imbalance benefitting residential rents and home values in Western regions (Australia, Canada, Ireland, the UK, and Spain) is becoming politically problematic. This is likely to result in an elongated rental growth profile for the Fund’s investment in Boardwalk REIT over the coming years.
– Self-storage real estate outside the US remains immature, with low supply and potential for increased demand from higher penetration.
