RE:Conference callThe call was very positive. They were very clear - NOI in 2023 is expected to climb as there are no longer leasing concessions and incentives. In the words of Michael Scott - "how the turntables...". Listening and watching the market react in real time made for an entertaining morning. See you tomorrow AM for CPI - we shall see if the second half of my prophecy plays out. Haven't sold a single unit yet, but got asks GTC all the up to $15.
SNAKEYBOY wrote: I listened to it all and seemed like a lot more interest / analysts than other CC like Artis. One thing that stood out is them saying due to the pausing of new developments, in 2024 the multi-resedential supply will be extremely tight and therefore big $$$$. The same probably goes for a lot of things on the supply side as the FEDs demand destruction will also bite supply, so once inflation comes down and rates come down you can bet these REITS WILL BE UP BIG TIME!!!