NorthStar Realty Europe (NRE) Reports Q2 Loss of $0.19 on Revenues of $26.03M

NorthStar Realty Europe (NYSE: NRE) reported Q2 EPS of ($0.19). Revenue for the quarter came in at $26.03 million, versus $0 reported last year.

Second Quarter 2017 Highlights

• U.S. GAAP (loss) to common stockholders: $(10.4) million, or $(0.19) per diluted share
• Cash available for distribution (\"CAD\"): $11.7 million, or $0.21 per share and net operating income ("NOI") of $25.0 million
• Completed 35,000 square meters of leasing, representing approximately 10% of the portfolio\'s rentable area
• Portfolio market value increased to $2.2 billion as of June 30, 20171
• Partnered with China Resources Land Limited to acquire 20 Gresham Street, a 22,557 square meter Class A office building in London, U.K., investing approximately $34 million in the form of preferred equity
• Colony NorthStar, Inc., NRE's manager, increased its ownership interest in NRE to approximately 9%
• Declared a cash dividend of $0.15 per share for the second quarter 2017

For earnings history and earnings-related data on NorthStar Realty Europe (NRE) click here.

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