Jernigan Capital Inc. released its financial guidance for the first quarter and full year 2018, as well as its results for the fourth quarter and full year 2017.
The company projects a net loss attributable to common stockholders of approximately $1.3 million to $465,000, or a net loss of 3 cents to 9 cents per share, for the first quarter.
The company expects adjusted earnings of about $1.9 million to $2.7 million, or 13 cents per share to 19 cents per share, for the period.
For 2018, Jernigan Capital anticipates net income attributable to common stockholders in the range of $26.9 million to $38.9 million, or $1.76 to $2.54 per share.
Adjusted earnings are estimated at $41.0 million to $52.5 million, or $2.68 to $3.43 per share, for the year.
The company also reported net income attributable to common stockholders of $2.7 million, or 19 cents per share, in the fourth quarter of 2017, down from $3.5 million, or 53 cents per share, in the prior-year quarter.
Adjusted earnings were $3.3 million, or 23 cents per share, down from $4.6 million, or 69 cents per share, in the year-ago period.
For the full year 2017, net income attributable to common stockholders was $13.1 million, or $1.10 per share, compared to $15.0 million, or $2.42 per share, in 2016.
Adjusted earnings were $15.6 million, or $1.31 per share, down from $19.3 million, or $3.11 per share, in 2016.
