Retail Properties of America, Inc. Reports First Quarter 2021 Results
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Retail Properties of America (RPAI) Tops Q1 EPS by 2c, Revenues Beat
May 4, 2021 4:58 PM EDTRetail Properties of America (NYSE: RPAI) reported Q1 EPS of $0.02, $0.02 better than the analyst estimate of $0.00. Revenue for the quarter came in at $119.38 million versus the consensus estimate of $105.63 million.
"Helped by an accelerating macroeconomic backdrop, our team delivered solid outperformance in the first quarter, with notable fundamental gains for the third consecutive quarter. Leasing activity continues to accelerate with Q1 volumes more than double prior-year levels, 21.3% spreads on new leases, and earlier-than-forecast leasing progress at our One Loudoun... More
