Vivmark Residential Q2 2026: revenue +2.1%, GAAP EPS -40.0%
Vivmark Residential's quarter was operationally fine and optically ugly: revenue rose 2.1% to $785.0 million, but GAAP EPS fell to $0.30 from $0.50 because last year included large property sale gains. Same-store revenue grew 1.9% while expenses grew 3.0%, so NOI improved just 1.4%. With per-share guidance withdrawn during the merger, same-store numbers are the only yardstick left.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.30, down from $0.50 and below the $0.44 consensus estimate, but the decline is mostly accounting: last year's quarter booked $58.3 million of property sale gains while this quarter booked a $16.7 million loss. The REIT metric, normalized FFO per share, rose 3.0% to $1.02 from $0.99. Note also that the filing shows net income of $117.7 million, of which $114.1 million is attributable to controlling interests after $3.6 million of noncontrolling interests.
Revenue of $785.0 million was up 2.1% from $768.8 million a year earlier, with same-store revenue up 1.9% and same-store NOI up only 1.4% because expenses rose 3.0%. No revenue consensus was supplied, so there is no beat-or-miss verdict to hand out here. The gap between revenue growth and NOI growth is the number that matters most.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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