CapLease (LSE) Reports In-Line Q2 FFO; Lowers FY11 FFO Outlook; Authorizes $20M Buyback
CapLease (NYSE: LSE) reported Q2 FFO of $0.15, in-line with the analyst estimate of $0.15. Revenue for the quarter came in at $0 versus the consensus estimate of $42.82 million.
CapLease sees FY2011 FFO of $0.59-$0.61, versus prior guidance of $0.65-$0.70 and the consensus of $0.64.
The Company’s Board of Directors has approved a share repurchase program authorizing the Company to repurchase in the aggregate up to $20 million of its outstanding common stock.
CapLease sees FY2011 FFO of $0.59-$0.61, versus prior guidance of $0.65-$0.70 and the consensus of $0.64.
The Company’s Board of Directors has approved a share repurchase program authorizing the Company to repurchase in the aggregate up to $20 million of its outstanding common stock.