Jernigan Capital Reports Full-Year Earnings per Share and Adjusted Earnings per Share Above Midpoint of Guidance Range; Introduces 2019 Guidance

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Go back to Jernigan Capital Reports Full-Year Earnings per Share and Adjusted Earnings per Share Above Midpoint of Guidance Range; Introduces 2019 Guidance

Jernigan Capital (JCAP) Tops Q4 EPS by 30c, Revenues Beat

February 27, 2019 4:54 PM EST

Jernigan Capital (NYSE: JCAP) reported Q4 EPS of $1.04, $0.30 better than the analyst estimate of $0.74. Revenue for the quarter came in at $9.24 million versus the consensus estimate of $9.04 million.

Earnings per share and adjusted earnings per share of $0.87 and $1.04, respectively.Continued transition to property ownership by purchasing the developer partners interest in New York City 1 facility the Companys seventh wholly-owned self-storage property.Completed construction and commenced leasing of nine additional Generation V self-storage development properties in which the Company has an aggregate committed investment of $100.5 million.Increased amount of... More