- a positive impact of $0.07 per share from higher same store net operating income (NOI) and $0.01 per share from higher NOI from properties in lease up; and
- a positive impact of $0.03 per share from 2011 and 2012 transaction activity and timing.
Pet costs are seen surging, as are several other top household categories.
Zell cheers the reduction of regulations promulgated during Obama's presidency.
Investors should stay away from pure-play residential REITs and real estate agencies.