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

* MGM Growth Properties reported funds from operations for the 2017 fourth quarter of $116.5 million, or 44 cents per operating partnership unit, an increase in the aggregate from $114.8 million, or 47 cents per OP unit, in the prior-year period. For the quarter, adjusted FFO gained 17.2% on an annual basis to $139.1 million, or 52 cents per OP unit, from $118.7 million, or 49 cents per OP unit.

For the full year 2017, the casino-focused real estate investment trust reported a 76.6% year-over-year rise in FFO. In the aggregate, FFO totaled $460.5 million, or $1.84 per OP unit, compared with $260.7 million in 2016. AFFO for the full year 2017 amounted to $501.3 million, or $2.01 per OP unit, a 79.5% increase from $279.3 million in 2016.

The S&P Capital IQ consensus FFO estimate for the 2017 fourth quarter was 50 cents per share. For the full year 2017, the S&P Capital IQ consensus estimate for FFO was $1.92 per share.

* Student-housing REIT Education Realty Trust Inc. disclosed FFO available to stockholders and unit holders for the 2017 fourth quarter of $48.4 million, or 63 cents per share/unit, a 21.9% rise in the aggregate from $39.7 million, or 54 cents per share/unit, in the 2016 fourth quarter. Core FFO for the quarter gained from the year-ago period to $44.7 million, or 59 cents per share/unit, from $43.2 million, or 59 cents per share/unit.

The company reported a 34.7% year-over-year gain in FFO for the full year 2017. In the aggregate, results totaled $142.8 million, or $1.92 per share/unit, compared with $106.0 million, or $1.52 per share/unit. Core FFO for the full year 2017 were $141.5 million, or $1.90 per share/unit, a 15.0% increase from $123.0 million, or $1.77 per share/unit, the previous year.

The S&P Capital IQ consensus FFO-per-share estimate for the quarter was 58 cents. For the full year 2017, the S&P Capital IQ consensus estimate for FFO was $1.90 per share.

In reporting results, Education Realty said it expects FFO without capital transactions per share/unit in the range of $1.83 to $1.93 for the 2018 full year. The company also expects core FFO without capital transactions for the 2018 full year at between $1.89 and $1.99 per share/unit.

* Diversified REIT PS Business Parks Inc. reported 2017 fourth-quarter FFO allocable to common and dilutive shares of $48.9 million, or $1.40 per share, an increase of 19.0% in the aggregate from $41.1 million, or $1.18 per share, in the year-ago period.

For the full year 2017, the company posted a 13.0% year-over-year gain in FFO. In the aggregate, results totaled $203.3 million, or $5.83 per share, compared with $179.9 million, or $5.17 per share.

The S&P Capital IQ consensus FFO estimates were $1.53 per share for the 2017 fourth quarter and $6.05 per share for the full year, with four analysts reporting.

* Hotel company Choice Hotels International Inc. reported 2017 fourth-quarter adjusted net income of $35.9 million, or 63 cents per share, an increase of 13.0% in the aggregate from $31.8 million, or 56 cents per share, in the 2016 fourth quarter.

For the full year 2017, the company posted a 14.8% year-over-year rise in adjusted net income. In the aggregate, results totaled $164.0 million, or $2.88 per share, compared with $142.9 million, or $2.53 per share.

The S&P Capital IQ consensus EPS estimate for the quarter was 62 cents per share. For the full year 2017, the S&P Capital IQ consensus estimate for EPS was $2.88 per share.

* Student-housing REIT American Campus Communities Inc. reported FFO attributable to common stockholders and operating-partnership unit holders for the 2017 fourth quarter of $103.9 million, or 75 cents per share, a 33.3% increase in the aggregate from $78.0 million, or 58 cents per share, in the 2016 fourth quarter. For the quarter, FFO-modified attributable to common stockholders and operating-partnership unit holders gained 14.5% year over year to $99.6 million, or 72 cents per share, from $86.9 million, or 65 cents per share.

For the full year 2017, the company posted an 8.5% year-over-year increase in FFO attributable to common stockholders and operating-partnership unit holders. In the aggregate, results totaled $317.4 million, or $2.31 per share, compared with $292.6 million, or $2.23 per share. FFO-modified attributable to common stockholders and operating-partnership unit holders for the year amounted to $316.4 million, or $2.31 per share, a 6.3% increase from $297.7 million, or $2.27 per share, in 2016.

The S&P Capital IQ consensus FFO-per-share estimate for the quarter was 71 cents. For the full year 2017, the S&P Capital IQ consensus estimate for FFO was $2.30 per share.

In reporting results, American Campus said it expects FFO per share in the range of $2.51 to $2.60 for the 2018 full year. The company also expects modified FFO for the 2018 full year at between $2.33 and $2.43 per share.

For the 2018 full year, the S&P Capital IQ consensus FFO-per-share estimate is $2.42.

* Data center REIT QTS Realty Trust Inc. disclosed operating FFO for the 2017 fourth quarter of $45.9 million, or 79 cents per share, compared with $35.4 million, or 64 cents per share, in the 2016 fourth quarter. For the quarter, AFFO grew 19.6% on an annual basis to $41.2 million from $34.4 million.

For the full year 2017, the company reported a 10.9% year-over-year gain in operating FFO. In the aggregate, results totaled $156.1 million, or $2.76 per share, compared with $140.7 million, or $2.61 per share. AFFO for the year totaled $151.3 million, a 12.8% increase from $134.1 million in the year-ago period.

The S&P Capital IQ consensus FFO estimate for the quarter was 74 cents per share. For the full year 2017, the S&P Capital IQ consensus estimate for FFO was $2.68 per share.

QTS Realty forecasts core operating FFO per share in the range of $2.55 to $2.65 for the 2018 full year. For the 2018 full year, the S&P Capital IQ consensus FFO-per-share estimate is $2.91.

* Single tenant-focused retail REIT Four Corners Property Trust reported 2017 fourth-quarter NAREIT-defined FFO of $20.8 million, or 34 cents per share, a decrease in the aggregate from $21.1 million, or 35 cents per share, in the 2016 fourth quarter. AFFO for the quarter grew 7.3% on an annual basis to $20.3 million, or 33 cents per share, from $18.9 million, or 31 cents per share.

NAREIT is the U.S.-based trade association for REITs and publicly traded real estate companies.

The company posted a 3.4% year-over-year increase in FFO for the full year 2017. In the aggregate, results totaled $83.1 million, or $1.36 per share, compared with $80.4 million, or $1.35 per share. AFFO for the full year 2017 amounted to $78.6 million, or $1.29 per share, a 7.9% increase from $72.8 million, or $1.22 per share, the previous year.

The S&P Capital IQ consensus FFO estimate for the quarter was 34 cents per share, with four analysts reporting. For the full year 2017, the S&P Capital IQ consensus estimate for FFO was $1.37 per share, with four analysts reporting.

* Lodging REIT LaSalle Hotel Properties disclosed FFO attributable to common shareholders and unit holders for the 2017 fourth quarter of $55.6 million, or 49 cents per share/unit, a 19.7% decline in the aggregate from $69.2 million, or 61 cents per share/unit, in the 2016 fourth quarter. AFFO attributable to common shareholders and unit holders for the quarter fell 14.1% year over year to $60.0 million, or 53 cents per share/unit, from $69.8 million, or 62 cents per share/unit.

The company posted a 17.1% year-over-year decrease in FFO attributable to common shareholders and unit holders for the full year 2017. In the aggregate, results totaled $267.5 million, or $2.36 per share/unit, compared with $322.6 million, or $2.85 per share/unit. AFFO for 2017 came to $280.1 million, or $2.47 per share/unit, compared with $328.9 million, or $2.90 per share/unit, in 2016.

The S&P Capital IQ consensus FFO estimate for the quarter was 53 cents per share. For the full year 2017, the S&P Capital IQ consensus estimate for FFO was $2.46 per share.

In reporting results, LaSalle Hotel said it forecasts AFFO base case per share of $2.06 for the 2018 full year. The company also expects AFFO base case for the 2018 first quarter of 27 cents.

Additional coverage

Public Storage Q4'17 core FFO per share rises 3.8% YOY

Extra Space Storage books 9.5% YOY rise in Q4'17 core FFO