Trade Street Residential (TSRE) Posts Q1 FFO of 10c/Share

Trade Street Residential (NASDAQ: TSRE) reported Q1 FFO of $0.10, $0.01 worse than the analyst estimate of $0.11.

• Same store net operating income, or same store NOI, increased 9.0% compared to the same period last year. Over the same period, same store revenues increased 3.7% and same store expenses decreased 2.7%.
• Same store average occupancy was 96.0% at quarter end, an improvement of 70 basis points over the same period last year. Stabilized non same store average occupancy was 94.5% at quarter end.
• Same store average rent was $991 per unit, an increase of 3.7% compared to the same period last year. Stabilized non same store average rent was $1,108 per unit at quarter end.

For earnings history and earnings-related data on Trade Street Residential (TSRE) click here.

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