NorthStar Realty Europe (NRE) Reports Q3 EPS of $0.01

NorthStar Realty Europe (NYSE: NRE) reported Q3 EPS of $0.01. Revenue for the quarter came in at $28.99 million.

Mahbod Nia, Chief Executive Officer and President, commented: “We are pleased to announce another successful quarter, during which we increased same store NOI by 3.7% quarter-over-quarter, benefiting from significant leasing activity during the year. We also made further progress with our expense saving initiatives and remain on track to meet our stated 2018 savings target of $2-3 million.”

Mr. Nia continued: “Today, we signed a definitive sale and purchase agreement to sell the Trianon Tower for $762 million, allowing us to crystalise the value uplift generated through our execution of numerous asset management initiatives during our ownership period and generating a significant return on investment on behalf of our stockholders.”

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• SVB & T Corporation (SVBT) Tops Q2 EPS by 275c
• Movano (MOVE) Misses Q2 EPS by 195c