Retail Properties of America (RPAI) Tops Q3 EPS by 1c, Revenues Beat; Offers FY18 EPS Guidance Above Consensus

Retail Properties of America (NYSE: RPAI) reported Q3 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $119.14 million versus the consensus estimate of $118.41 million.

"The RPAI team delivered yet another strong quarter led by our same store NOI growth of 3.8%," stated Steve Grimes, chief executive officer. "Our operating portfolio continues to demonstrate its strength and resiliency, solidifying our conviction around our $400 million in expansion and redevelopment starts in 2019. Our balance sheet and liquidity are in check, our team is eager to grow, and we are operating on all fronts to capitalize on our value creation initiatives."

GUIDANCE:

Retail Properties of America sees FY2018 EPS of $0.36-$0.38, versus the consensus of $0.30.

For earnings history and earnings-related data on Retail Properties of America (RPAI) click here.

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