Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
With respect to tariffs in particular, we anticipate that the most immediate impact could be on lost costs.
We're monitoring the situation closely. It's too early to tell kind of where and if it's going to flow through.
While the current tariff environment remains uncertain, we expect restaurants to be one of the least tariff affected sectors.
They're obviously understanding the magnitude of what they're building, getting ahead of the tariffs, as best they possibly can.
It’s tough to know exactly what’s specifically going to happen on tariffs and sustain.
We're keeping a very close eye on every component cost, including what may or may not play through on tariffs, whether it's steel, whether, again, we're going to see any labor pressure in particular markets because of immigration priorities, et cetera.
While macroeconomic uncertainties have increased due to the potential tariffs, our exclusive focus on high-growth markets... should position MAA to weather tariff or economic challenges.
Based on the current tariffs in place, we estimate an impact of approximately $40 million for the full year 2025, representing around 5% of our total cost of goods sold.
We have not really affected our guidance or affected our model in a way that I should mention that would be material because of all these situations.
Several markets released their temporary county and state level band. Assuming typical seasonality, the second quarter may experience an increase in high Pet AI activity.