Griffin Industrial Realty (GRIF) Reports Q1 Loss of $0.34/Share

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Go back to Griffin Industrial Realty (GRIF) Reports Q1 Loss of $0.34/Share

Griffin Announces Fiscal 2018 First Quarter Results

April 9, 2018 9:00 AM EDT

NEW YORK, April 09, 2018 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (Griffin) reported total revenue of $8,305,000 for the three months ended February 28, 2018 (the 2018 first quarter) as compared to $6,979,000 for the three months ended February 28, 2017 (the 2017 first quarter). Rental revenue was $8,180,000 and revenue from property sales was $125,000 in the 2018 first quarter. Revenue in the 2017 first quarter was entirely rental revenue as there were no property sales in the 2017 first quarter. Operating income was $584,000 in the 2018 first quarter as compared to an operating loss of ($86,000) in the 2017 first quarter. The operating... More