Associated Estates Realty (AEC) Misses Q3 EPS by 1c

Associated Estates Realty (NYSE: AEC) reported Q3 EPS of $0.32, $0.01 worse than the analyst estimate of $0.33. Revenue for the quarter came in at $48.2 million versus the consensus estimate of $48.4 million.

"Our solid third quarter results demonstrate that we are taking the right steps to grow our business and deliver returns for shareholders," said Jeffrey I. Friedman, CEO and President. "We continue to focus on our fully funded development pipeline, which is progressing in line with our strategic plan. Associated Estates is well positioned in its markets and apartment fundamentals remain very positive. We are confident that the continued execution of our strategic plan is the best way to enhance value for all shareholders," Friedman continued.

For earnings history and earnings-related data on Associated Estates Realty (AEC) click here.

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