WP Glimcher (WPG) Tops Q2 EPS by 6c

WP Glimcher (NYSE: WPG) reported Q2 EPS of $0.72, $0.06 better than the analyst estimate of $0.66.

Lou Conforti, CEO and Director stated: “We increased guidance for fiscal 2017 net income and reaffirmed guidance for adjusted FFO to the midpoint of $1.23 and $1.67 per diluted share, respectfully. The second quarter was best characterized by continued stability as it related to Tier 1 and Open Air assets, which collectively represent 80% of total portfolio NOI. In addition, our objectives of diversification and common area utilization are proving successful as we mix things up and administer a much needed shot of adrenalin to our assets.”

For earnings history and earnings-related data on WP Glimcher (WPG) click here.

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