Newz(SLG) on Wednesday reported a key measure of profitability in its third quarter. The results met Wall Street expectations. The real estate investment trust, based in Newyork, New York, said it had funds from operations of $122.1 million, or $1.59 per share, in the period.
The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of $1.59 per share. 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 $72.2 million, or $1.01 per share. The commercial real estate investment trust, based in Newyork, New York, posted revenue of $273 million in the period. Its adjusted revenue was $165.6 million.
SL Green expects full-year funds from operations to be $6.50 to $6.70 per share. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLG at https://www.zacks.com/ap/SLG Source
NEW YORK (AP) — NEW YORK (AP) — RIthm Property Trust Inc. (RPT) on Wednesday reported earnings of $3.1 million in its third quarter. The New York-based company said it had profit of 23 cents per share.
The real estate investment trust posted revenue of $15.1 million in the period. Its adjusted revenue was $6.1 million. Access a Zacks stock report on RPT at https://www.zacks.com/ap/RPT Source
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