Retail Properties of America (RPAI) Tops Q1 EPS by 5c, Revenues Beat; Affirms FY19 EPS Guidance Above Consensus

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Go back to Retail Properties of America (RPAI) Tops Q1 EPS by 5c, Revenues Beat; Affirms FY19 EPS Guidance Above Consensus

Retail Properties of America, Inc. Reports First Quarter 2019 Results

April 30, 2019 4:20 PM EDT

OAK BROOK, Ill., April 30, 2019 /PRNewswire/ -- Retail Properties of America, Inc. (NYSE: RPAI) (the "Company") today reported financial and operating results for the quarter ended March 31, 2019.

FINANCIAL RESULTSFor the quarter ended March 31, 2019, the Company reported:

Net income attributable to common shareholders of $23.2 million, or $0.11 per diluted share, compared to $41.8 million, or $0.19 per diluted share, for the same period in 2018; Funds from operations (FFO) attributable to common shareholders of $57.7 million, or $0.27 per diluted share, compared to $52.8 million, or $0.24 per diluted share, for the same period in... More