Select Income REIT (SIR) Misses Q3 EPS by 2c

Select Income REIT (NASDAQ: SIR) reported Q3 EPS of $0.32, $0.02 worse than the analyst estimate of $0.34. Normalized FFO of $0.69 Per Share.

"During the quarter, we entered one million square feet of new and renewal leases, which resulted in a 4.9% increase in rental rates. In addition to leasing, we made two new property purchases at what we believe are attractive terms despite what is generally considered a current aggressive property valuation environment. Our lease expiration schedule continues to be well laddered, with a large majority of our leases expiring after 2022.”

For earnings history and earnings-related data on Select Income REIT (SIR) click here.

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