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In This List

The Earnings Report

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Gauging Supply Chain Risk In Volatile Times

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The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


The Earnings Report

This roundup collects recently reported earnings and guidance from North American commercial real estate companies.

* W. P. Carey Inc. disclosed second-quarter National Association of Real Estate Investment Trusts-defined funds from operations attributable to the company of $120.8 million, or $1.12 per share, a 1.6% rise in the aggregate from $118.8 million, or $1.10 per share, in the year-ago period.

For the quarter, adjusted FFO attributable to the company in the aggregate grew 10.6% year over year to $148.4 million, or $1.38 per share, from $134.2 million, or $1.25 per share.

The S&P Capital IQ consensus FFO estimate for the second quarter was $1.15 per share.

W. P. Carey forecasts AFFO per share in the range of $5.10 to $5.30 for the full year.

* Cedar Realty Trust Inc. reported NAREIT-defined FFO for the second quarter of $11.7 million, or 14 cents per share, a 3.3% decline in the aggregate from $12.1 million, or 14 cents per share, in the 2016 second quarter.

Operating FFO for the second quarter fell 7.0% in the aggregate from the year-ago period to $11.7 million, or 14 cents per share, from $12.6 million, or 15 cents per share.

The S&P Capital IQ consensus FFO estimate for the quarter was 13 cents per share.

In reporting results, Cedar Realty Trust said it forecasts operating FFO per share in the range of 53 cents to 55 cents for the full year. The company also forecasts NAREIT FFO for the full year at between 49 cents and 51 cents per share.

The S&P Capital IQ consensus FFO-per-share estimate for the full year is 54 cents.

* Slate Office REIT reported second-quarter core FFO of C$11.9 million, or 21 cents per unit, a 24.6% increase in the aggregate from C$9.6 million, or 27 cents per unit, in the corresponding 2016 period.

AFFO for the second quarter grew 30.5% in the aggregate from the year-ago period to C$10.7 million, or 19 cents per unit, from C$8.2 million, or 23 cents per unit.

The S&P Capital IQ consensus FFO-per-unit estimate for the quarter was 22 cents. The S&P Capital IQ consensus estimate for AFFO was 20 cents per unit for the second quarter.

* Cominar Real Estate Investment Trust reported recurring FFO for the fiscal first quarter of C$61.0 million, or 33 cents per unit, a fall of 11.9% in the aggregate from C$69.3 million for the same period in 2016.

For the fiscal first quarter, recurring AFFO decreased 14.0% year over year to C$52.5 million, or 29 cents per share, from C$61.0 million.

* National HealthCare Corp. disclosed net income attributable to the company for the second quarter of $10.7 million, or 70 cents per share, a 10.2% decline in the aggregate from $11.9 million, or 78 cents per share, in the 2016 second quarter.