Ramco-Gershenson (RPT) Reports In-Line Q3 EPS

Ramco-Gershenson (NYSE: RPT) reported Q3 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $64.07 million versus the consensus estimate of $64.53 million.

“Based on our solid performance in the quarter and year to date we are on track to meet our stated business objectives for 2016,” said Dennis Gershenson, President and Chief Executive Officer. “Our two Michigan shopping center sales and subsequent purchase of Centennial Shops in metropolitan Minneapolis reflect our continued focus on selling lower-growth centers and redeploying that capital into high-quality shopping centers, that have significant internal growth potential and the ability to add long-term value through strategic redevelopments, in attractive first ring metropolitan sub-markets.”

For earnings history and earnings-related data on Ramco-Gershenson (RPT) click here.

You May Also Be Interested In

• Wolfe upgrades AT&T to Outperform as improving fundamentals outweigh Starlink risk
• ConnectOne Bancorp (CNOB) Tops Q2 EPS by 2c
• Old Second Bancorp (OSBC) Misses Q2 EPS by 1c