Theme · live manifest · live theme JSON
Cycle Short '24: Middle Class Resi REIT
3 tickers · $54.29B total market cap
Group: Cycle Short
The current thesis for the Cycle '24 Short: Middle Class Resi REIT is bearish as of Spring 2025. The expectation is that rising interest rates and a potential softening in the labor market will exert pressure on residential REITs focused on the middle class segment. Additionally, a shift in consumer behavior towards more affordable rental options could impact occupancy rates and rental income for these REITs. The thesis anticipates a challenging environment for these entities as economic conditions tighten.
Cycle Short '24: Middle Class Resi REIT tracks 3 publicly listed stocks in this theme: AMH, AVB, INVH. See the constituent table for details.
Thesis update: 2025-04-01
Constituents
Build 20260520T081747
| Company | Previous Quarter Report Date | Next Expected Report Date | Last Quarter Earnings Move % | Earnings Move % | Intra-Quarter Move % | Since Last Report % | Market cap | Weight |
|---|---|---|---|---|---|---|---|---|
AvalonBay Communities, Inc.AVB | 04/27/2026 (AMC) | 04/27/2026 (AMC) | -2.24% | 6.45% | 0.26% | 0.88% | $25.75B | 33.3333 |
Invitation Homes Inc.INVH | 04/29/2026 (AMC) | 04/29/2026 (AMC) | -5.74% | 2.24% | 10.95% | -0.38% | $17.03B | 33.3333 |
American Homes 4 RentAMH | 05/06/2026 (AMC) | 05/06/2026 (AMC) | -4.37% | 0.43% | 9.89% | -2.19% | $11.52B | 33.3333 |
| Average | -4.12% | 3.04% | 7.03% | -0.56% | $18.10B | 33.3333 | ||
| Median | -4.37% | 2.24% | 9.89% | -0.38% | $17.03B | 33.3333 | ||
| Std Dev | 1.44% | 2.52% | 4.81% | 1.26% | $5.86B | 0.0% | ||
| Min | -5.74% | 0.43% | 0.26% | -2.19% | $11.52B | 33.3333 | ||
| Max | -2.24% | 6.45% | 10.95% | 0.88% | $25.75B | 33.3333 | ||
| % Positive Tickers | 0.00% | 100.00% | 100.00% | 33.33% |
* Provisional value: before LstRpt% reaches its 2-day post-report lock window (BMO/AMC adjusted), EarningsPerf is calculated from current vs pre-report and then locks to final LstRpt%.