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The Earnings Report

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The Earnings Report

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

* BRT Apartments Corp. disclosed fiscal third-quarter funds from operations of $2.6 million, or 19 cents per share, an increase of 46.4% in the aggregate from $1.8 million, or 13 cents per share, in the 2016 third quarter.

Adjusted FFO for the quarter rose 43.5% on an annual basis to $3.3 million, or 23 cents per share, from $2.3 million, or 17 cents per share.

* Marcus & Millichap Inc. reported net income for the second quarter of $15.6 million, or 40 cents per share, an 11.2% decline in the aggregate from $17.5 million, or 45 cents per share, in the 2016 second quarter.

Adjusted EBITDA for the quarter declined 9.7% to $28.7 million from $31.8 million.

* Colony NorthStar Inc. reported second-quarter FFO attributable to common interests in operating company and common stockholders of $130.0 million, or 22 cents per share.

Core FFO attributable to common interests in operating company and common stockholders for the second quarter totaled $203.6 million, or 34 cents per share.

The S&P Capital IQ consensus FFO-per-share estimate for the quarter was 36 cents, with three analysts reporting.

Additional coverage

MedEquities Realty reaffirms FY'17 guidance

Pennsylvania REIT revises FY'17 funds from operations outlook