trending Market Intelligence /marketintelligence/en/news-insights/trending/rvGSisAGMFk6yy9oNpgpUQ2 content esgSubNav
In This List

The Earnings Report

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

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.

* Lexington Realty Trust reported funds from operations available to all equity holders and unit holders for the second quarter of $56.6 million, or 23 cents per share, a 25.4% fall in the aggregate from $75.9 million, or 31 cents per share, in the 2016 second quarter.

Adjusted FFO available to all equity holders and unit holders declined 28.0% from the year-ago period to $57.0 million, or 23 cents per share, from $79.1 million, or 32 cents per share.

The S&P Capital IQ consensus FFO estimate for the second quarter was 24 cents per share. The S&P Capital IQ consensus estimate for AFFO was 21 cents per share for the quarter.

Lexington Realty Trust expects AFFO per share in the range of 94 cents to 98 cents for the full year.

The S&P Capital IQ consensus FFO estimate for the full year is 96 cents per share.

* MGM Growth Properties logged second-quarter FFO of $114.7 million, or 47 cents per operating partnership unit. AFFO came in at $121.7 million, or 50 cents per unit.

* Xenia Hotels & Resorts Inc. disclosed second-quarter AFFO of $63.3 million, or 59 cents per share, a 9.9% fall in the aggregate from $70.2 million, or 65 cents per share, in the 2016 second quarter.

The S&P Capital IQ consensus FFO-per-share estimate for the second quarter was 55 cents.

Xenia Hotels said it forecasts AFFO per share in the range of $1.91 to $2.00 for the full year.

* Ryman Hospitality Properties Inc. reported second-quarter FFO of $75.0 million, or $1.46 per share, a decrease of 3.6% in the aggregate from $77.8 million, or $1.52 per share, in the 2016 second quarter.

AFFO fell 2.2% from the year-ago period to $79.8 million, or $1.55 per share, from $81.6 million, or $1.59 per share.

The S&P Capital IQ consensus FFO estimate for the quarter was $1.53 per share.

Ryman Hospitality forecasts FFO per share in the range of $5.05 to $5.29 for the full year.

* Lamar Advertising Co. reported second-quarter AFFO of $136.5 million, or $1.39 per share, a 2.1% increase in the aggregate from $133.7 million, or $1.37 per share, in the 2016 second quarter.

For 2017, Lamar Advertising expects AFFO per share in the range of $4.90 to $5.00, compared to previous guidance of $5.05 to $5.20.