Saturday, December 16, 2017

© Reuters.  Inline Q3 an excuse to buy the dip in Ramco-Gershenson© Reuters. Inline Q3 an excuse to buy the dip in Ramco-Gershenson

  • Q3 operating FFO of $29.6M or $0.34 per share vs. $30M and $0.34 a year ago. Estimates were for $0.34.
  • Same-property NOI growth of 1.4%, with rent growth of 2.7%.
  • Portfolio leased occupancy of 93% down 120 basis points Y/Y.
  • 38 comparable leases signed during quarter totaling 193.6K square feet at a positive leasing spread of 12.3%, average base rent of $20.67 per square foot.
  • Full-year operating FFO per share guidance is narrowed to $1.35-$1.37 (midpoint remains the same). NOI growth remains at 2.5-3%.
  • Previously: Ramco Gershenson Properties FFO in-line, misses on revenue (Oct. 31)
  • RPT +2.85% today, down 21.6% YTD.
  • Now read: Ramco Gershenson Properties Trust 2017 Q3 – Results – Earnings Call Slides

Original article

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