Newz(ALX) on Monday reported a key measure of profitability in its second quarter. The Paramus, New Jersey-based real estate investment trust said it had funds from operations of $15.5 million, or $3.02 per share, in the period. Funds from operations is a closely watched measure in the REIT industry.
It takes net income and adds back items such as depreciation and amortization. The company said it had net income of $155.4 million, or $30.24 per share. The real estate investment trust posted revenue of $54.7 million in the period.
The company’s shares have risen 17% since the beginning of the year. The stock has risen 4% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on ALX at https://www.zacks.com/ap/ALX Source WASHINGTON (AP) — WASHINGTON (AP) — Easterly Government Properties Inc. (DEA) on Monday reported a key measure of profitability in its second quarter.
The Washington-based real estate investment trust said it had funds from operations of $37.4 million, or 78 cents per share, in the period. The company said it had net income of $3.1 million, or 6 cents per share. The property management company, based in Washington, posted revenue of $92.4 million in the period.
Easterly Government Properties expects full-year funds from operations in the range of $3.07 to $3.13 per share. Access a Zacks stock report on DEA at https://www.zacks.com/ap/DEA Source
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