TIER REIT (TIER) Reports Q1 FFO of $0.38, Slight Miss on Revenues; Raises FY17 Net Income Outlook

TIER REIT (NYSE: TIER) reported Q1 EPS of $0.38. Revenue for the quarter came in at $56.36 million versus the consensus estimate of $56.85 million.

GUIDANCE:

TIER REIT sees FY2017 EPS of $2.06-$2.16.

2017 Outlook

The Company has maintained its originally issued 2017 outlook and assumptions, except for a $100 million increase to dispositions of non-target properties, to a range of $400 million to $500 million, and a $0.5 million decrease to general & administrative expenses, excluding certain items, to a range of $21.5 million to $22.5 million; the Company’s guidance for projected net income per basic & diluted common share was also updated. Complete details of the Company’s original 2017 outlook and assumptions, along with these revised 2017 outlook and assumptions, are included in the table below.

For earnings history and earnings-related data on TIER REIT (TIER) click here.

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