Corporate Office Properties Trust (OFC) Misses Q2 EPS by 9c, Beats on Revenues; Offers Q3 & FY17 EPS Ranges Below Consensus
Corporate Office Properties Trust (NYSE: OFC) reported Q2 EPS of $0.08, $0.09 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $128.3 million versus the consensus estimate of $127.97 million.
Management is narrowing its previously issued guidance range for full year EPS and FFOPS, as adjusted for comparability, to revised ranges of $0.62―$0.66 and $2.02―$2.06, respectively. Management also is establishing EPS and FFOPS, as adjusted for comparability, guidance for the third quarter ending September 30, 2017 at ranges of $0.17―$0.19 and $0.51―$0.53, respectively, and also for the fourth quarter ending December 31, 2017, at ranges of $0.19―$0.21 and $0.54―$0.56, respectively. Reconciliations of projected diluted EPS to projected FFOPS are as follows:
Corporate Office Properties Trust sees FY2017 EPS of $0.62-$0.66, versus the consensus of $0.81.
Corporate Office Properties Trust sees Q3 2017 EPS of $0.17-$0.19, versus the consensus of $0.20.
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