Real Estate & Construction · Week of Nov 2, 2026
Earnings, guidance raises and buybacks: the week in real estate
Q3 2026 earnings dominated the week, with REITs and lenders reporting mixed income, raised guidance and buybacks, plus a Georgia paving deal.
Third-quarter 2026 results made up most of the week's releases. Stanley Black & Decker and AMH both raised full-year guidance, and both reported share repurchases in the quarter. Stanley Black & Decker says its results included a benefit of about $0.67 per share from net IEEPA tariff refunds. Zillow Group reported revenue growth but a net loss tied to a $165 million Zillow Offers settlement. The company attributes a decline in Residential revenue to higher-than-expected mortgage rates.
Real estate lenders and REITs reported divergent results. Ares Commercial Real Estate and Community Healthcare Trust posted higher net income year over year and declared dividends. ACRES Commercial Realty reported a $56.3 million net loss after completing a merger with its manager. Outside earnings, Construction Partners added a Georgia paving operation, and Otis received a Guinness World Records title for elevators at Tianjin 117.
Stanley Black & Decker, Inc.
Stanley Black & Decker Reports 3Q 2026 Results
Stanley Black & Decker reported third-quarter 2026 net sales of $3.7 billion and diluted EPS of $1.83, both including a benefit from net tariff refunds, and raised 2026 EPS guidance and free cash flow guidance to $1.0 billion to $1.2 billion. The Board also approved a new $1 billion share repurchase authorization on October 29, 2026, expiring October 29, 2029.
AMH
AMH Reports Third Quarter 2026 Financial and Operating Results
AMH reported third-quarter rents and other single-family property revenues up 4.1% to $498.1 million, while net income attributable to common shareholders fell to $82.3 million from $99.7 million, which the company attributes mainly to lower net gains on property sales. AMH raised the midpoint of its full year 2026 Core FFO guidance by $0.02 to $1.97 and delivered 498 newly constructed homes in the quarter.
Zillow Group, Inc.
Zillow Group Reports Third-Quarter 2026 Financial Results
Zillow Group reported Q3 2026 revenue of $724 million, up 7%, with Rentals revenue up 26% and Mortgages revenue up 32%, while Residential revenue fell 4%. The company posted a net loss of $158 million, including a $165 million Zillow Offers securities class action settlement, and attributes the Residential decline to higher-than-expected mortgage rates.
Community Healthcare Trust Incorporated
Community Healthcare Trust Announces Results for the Three Months Ended September 30, 2026
Community Healthcare Trust reported net income of about $3.1 million, or $0.09 per diluted share, and FFO of $0.54 per diluted share for the quarter, and declared an unchanged $0.33 quarterly dividend payable November 25, 2026. The company says it has four properties under definitive purchase agreements for about $99.0 million, with closings expected from the fourth quarter of 2026 through early 2028.
Ares Commercial Real Estate Corporation
ARES COMMERCIAL REAL ESTATE CORPORATION REPORTS THIRD QUARTER 2026 RESULTS
Ares Commercial Real Estate Corporation reported third quarter 2026 GAAP net income of $10.0 million, or $0.18 per diluted share, including a $7.082 million realized gain on the sale of a real estate owned office property. After the quarter, the company fully repaid and terminated its $90 million secured term loan, and it declared a $0.15 fourth quarter dividend payable January 15, 2027.
Otis Worldwide Corporation
Otis Receives Guinness World Records™ Title for Tallest Elevator at Tianjin 117
Otis Worldwide Corporation said two of its SkyRise elevators at Tianjin 117, rising 597.2 meters, received the Guinness World Records title for "Tallest Elevator in a Building." Otis is supplying 266 elevators and escalators for the 117-story tower, which is scheduled for completion by the end of 2027.
Construction Partners, Inc.
Construction Partners, Inc. Completes Georgia Acquisition
Construction Partners, Inc. said on Nov. 4, 2026 that it acquired Piedmont Paving, Inc. of Newnan, Georgia, including a hot-mix asphalt plant and more than 110 employees, now part of its subsidiary The Scruggs Company. The company says the deal expands operations along the Interstate 85 corridor between Columbus and Atlanta; financial terms were not disclosed.
ACRES Commercial Realty Corp.
ACRES COMMERCIAL REALTY CORP. REPORTS RESULTS FOR THIRD QUARTER 2026
ACRES Commercial Realty Corp. reported a GAAP net loss allocable to common shares of $56.3 million, or $(5.16) per diluted share, for the third quarter, during which it completed a merger with its manager and became internally managed. Chairman Andrew Fentress said the company will have three lines of business, Principal Investing, Investment Management and Insurance, and that employees and directors own over 45% of the common shares.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not TechPark reporting.