Hints and tips:
...The US, where Ashtead trades under the name Sunbelt Rentals, accounts for about 90 per cent of the company’s revenue....
...In principle, the rental and owned-home market are substitutes....
...The US, where it trades under the name Sunbelt Rentals, accounts for about 90 per cent of Ashtead’s revenue. Rental revenue in the US rose 23 per cent to $5.9bn....
...At the same time, people are moving to the suburbs, he says, especially to the Sunbelt locations and mountain states, such as Florida and Arizona — “There’s a lot of in-migration to these areas,” he adds...
...If demand weakens, we expect (1) suburban outperforms urban and (2) coastal would outperform sunbelt. The rationale: supply. Demographics suggest we are at or past peak demand for urban apartments....
...And then I think it should pick up tremendously when interest rates cool down and the present supply is consumed,” he says of rental properties....
...Boomers are over-represented in cities in Florida like Orlando and Tampa, sleepy sunbelt towns like Little Rock and Albuquerque, and expensive north-east* cities like New York and Boston....
...More than 60 per cent of its facilities are in burgeoning sunbelt states....
...The rental crisis in the US sunbelt has been building for two years....
...Better known to customers as Sunbelt Rentals, Ashtead was helped early on in the pandemic as it won contracts to supply Covid-19 testing sites with equipment....
...The FTSE 100 group, which trades as Sunbelt Rentals, expects growth of 13-16 per cent over the previous year’s revenues of £5bn, up from its previous estimates for a 6-9 per cent increase....
...The equipment rental company, which trades under the name Sunbelt Rentals, has raised its full-year guidance after first-half operating profits shot up by over a third and group revenue neared $3.9bn (£2.9bn...
...Ashtead, which trades under the name Sunbelt Rentals and is valued at £27bn, has the biggest equipment rental business in Britain and the second largest in the US....
...However, the company, which trades as Sunbelt Rentals and hires out equipment including excavators, tools and power generators, said that the details were still too uncertain to include as a factor in updated...
...Sunbelt cities Phoenix, Houston and Dallas also added to their tally of inhabitants. Urban expansion is outstripping the supply of dwellings....
...The company, which trades as Sunbelt Rentals, lends equipment including diggers, power generators and aerial work platforms mainly to construction businesses but also to government service providers, disaster...
...At the moment, Wolf says the biggest rent increases are mainly occurring across the Sunbelt states like Arizona and Texas, with big coastal cities including San Francisco seeing much more tepid jumps....
...It will target single family homes to buy, refurbish and rent in the west and sunbelt states....
...Its Sunbelt Resources business is classified as “essential” in Ashtead’s core markets and has helped government and private sector organisations with their responses to the Covid-19 pandemic....
...The company, whose main Sunbelt Rentals division was designated as an essential business in the US, UK and Canada, posted a second-quarter profit before tax of £330m — down 7 per cent year-on-year but well...
...Those with a long memory will recall that the financial crisis was a disaster for the capital goods rental sector....
...After all, the Spanish bank is underweight in the US sunbelt, which is following the rest of banking into cost-driven consolidation....
...Colette Willard and her husband were thinking in December 2019 about moving out of their 800 sq ft rental in Humboldt Park, but it didn’t feel urgent. Then the pandemic hit....
...Its main business, Sunbelt, is in the US providing equipment such as forklifts and trench shoring to the construction industry....
...Though overall volumes pulled back sharply in March and April, sales have been propped up by the designation of its Sunbelt Rentals arm as an essential business in the US, UK, and Canada....
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