Retail Properties of America (RPAI) Tops Q4 EPS by 1c; FY19 EPS Guidance Above Consensus

Retail Properties of America (NYSE: RPAI) reported Q4 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $119.35 million versus the consensus estimate of $119.77 million

"2018 was a solid year for RPAI, positioning us very well to put RPAI 2.0 into action," stated Steve Grimes, chief executive officer. "Our 2018 leasing momentum, with contractual rent bumps on new leases of more than 185 basis points, coupled with our $400 million in announced mixed-use redevelopments and expansions, and our fortress-like balance sheet give us confidence in our portfolio\'s ability to deliver strong operating performance in 2019 and beyond, creating meaningful shareholder value purely through organic means."

GUIDANCE:

Retail Properties of America sees FY2019 EPS of $0.33-$0.37, versus the consensus of $0.22.

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

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