Select Income REIT (SIR) Misses Q3 EPS by 2c
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FBR Capital Remains Bullish Following Select Income REIT's (SIR) 3Q Miss
October 26, 2016 8:26 AM EDTFBR Capital maintained an Outperform rating on Select Income REIT (NASDAQ: SIR), and cut the price target to $34.00 (from $35.00), following the company's 3Q earnings report. Adjusted EBITDA decreased 1.6% to $83.3 million, versus the consensus of $84.9 million. The shortfall was partially due to the absorption of tax and utility expenses at two recently vacated properties in suburban Boston. Normalized FFO decreased 3.4% to $0.69, below the... More
