Newz(AP) β Centerspace (CSR) on Monday reported a key measure of profitability in its second quarter. The Minot, North Dakota-based real estate investment trust said it had funds from operations of $25 million, or $1.27 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 a loss of $1 million, or 6 cents per share. The real estate investment trust, based in Minot, North Dakota, posted revenue of $65.8 million in the period.
Centerspace expects full-year funds from operations in the range of $4.58 to $4.68 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 CSR at https://www.zacks.com/ap/CSR Source
NEW YORK (AP) β NEW YORK (AP) β Vornado Realty Trust (VNO) on Monday reported a key measure of profitability in its second quarter. The results topped Wall Street expectations. The real estate investment trust, based in New York, said it had funds from operations of $131.1 million, or 67 cents per share, in the period.
The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 57 cents per share. The company said it had net income of $16.4 million, or 8 cents per share. The real estate investment trust, based in New York, posted revenue of $462.2 million in the period, which missed Street forecasts.
Four analysts surveyed by Zacks expected $472.4 million. Access a Zacks stock report on VNO at https://www.zacks.com/ap/VNO Source (AP) β Diversified Healthcare Trust (DHC) on Monday reported a key measure of profitability in its second quarter.
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