REITWeek Highlights: Apartments, Manufactured And Student Housing REITs

On Monday, R.W. Baird analyst Drew Babin took a look back at REITWeek 2015, and published key takeaways by sector, including: Apartments, Manufactured Housing and Student Housing.

Baird: Apartment Themes

Tale Of The Tape: Apartments' Past Year

While this group has been under pressure during the first half of 2015, here are the three top performers so far:

• UDR, Inc. (NYSE: UDR): up 5.7 percent YTD
• Essex Property Trust Inc (NYSE: ESS): up 3.5 percent YTD
• Camden Property Trust (NYSE: CPT): up 1.3 percent YTD

Related Link: Northstar Realty Finance Presentation Highlights From REITWeek 2015

Baird: Manufactured Housing Themes

Tale Of The Tape: Manufactured Housing's Past Year

Baird still views this sector as Neutral, and "believe[s] that Manufactured Housing will continue to provide less near-term sensitivity to U.S. economic improvement than alternatives in the Apartment REIT space."

• Equity Lifestyle: Outperform; up 3 percent YTD
• Sun Communities: Neutral; up 2.5 percent YTD

Related Link: REITWeek Data Centers: Stifel Reports On Rumored Digital Realty M&A Deal

Baird: Student Housing Themes

Tale Of The Tape: Student Housing's Past Year

Baird remains "Neutral on the sector until more clarity emerges on when Core FFO growth and growth-adjusted FFO multiples might stack up more favorably relative to Apartment REITs."

• American Campus Communities, Inc. (NYSE: ACC): Neutral; down 6.5 percent YTD
• Education Realty Trust, Inc. (NYSE: EDR): Neutral; down 13 percent YTD

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