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The Guidance Report

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The Guidance Report

This roundup collects recentlyreported guidance from North American real estate companies.

* Federal RealtyInvestment Trust affirmedits full-year 2016 FFO-per-share guidance in the range of $5.65 to $5.71.

The S&P Capital IQ consensus FFO-per-share estimate for theyear is $5.70.

* Corrections Corp.of America raised its full-year guidance and issued second-quarter projections.

For the second quarter, normalized FFO and AFFO are expectedto hit per-share ranges of 64 cents to 66 cents and 61 cents to 63 cents, respectively.For the full year, normalized FFO per share is predicted to be in the range of $2.60to $2.66, and AFFO per share is forecast to be in the range of $2.53 to $2.59.

The company originallyprojected FFO and AFFO for the full year to be in the respective per-share rangesof $2.54 to $2.62 and $2.47 to $2.55.

The S&P Capital IQ consensus FFO-per-share estimates forthe second quarter and full year are 64 cents and $2.58, respectively, with threeanalysts reporting.

* Mid-America ApartmentCommunities Inc. boosted its 2016 guidance. Core FFO pershare and core AFFO per share for the full year are now forecast to be in the respectiveranges of $5.71 to $5.91 and $5.01 to $5.21, with $5.81 and $5.11 at the midpoints.Previously, the companyoffered core-FFO-per-share guidance for 2016 in the range of $5.68 to $5.88, or$5.78 at the midpoint, and core AFFO per share was predicted to be between $4.98and $5.18, or $5.08 at the midpoint.

The S&P Capital IQ consensus FFO- and AFFO-per-share estimatesfor the year are $5.94 and $5.12, respectively.

* WP Glimcher Inc.reaffirmed its FFO-per-shareguidance for the 2016 full year in the range of $1.76 to $1.82. For the second quarter,the company expects FFO per share in a range of 41 cents to 43 cents.

The S&P Capital IQ consensus FFO-per-share estimates forthe second quarter and full year are 44 cents and $1.79, respectively, with threeanalysts reporting.

* Spirit RealtyCapital Inc. expects AFFO per share for the full year in the range of88 cents to 91 cents, unchangedfrom the guidance range provided Feb. 24.

The S&P Capital IQ consensus AFFO-per-share estimate forthe full year is 89 cents.

* Rexford IndustrialRealty Inc. lifted its recurring FFO per common share guidance for 2016to a range of 85 cents to 88 cents from a priorrange of 83 cents to 86 cents. The guidance pertains only to Rexford's in-placeportfolio as of May 4.

The S&P Capital IQ consensus FFO-per-share estimate for thefull year is 87 cents.

* Omega HealthcareInvestors Inc. affirmedits guidance for AFFO per share available to common stockholders for the full year2016 in the range of $3.25 to $3.30.

The S&P Capital IQ consensus FFO-per-share estimate for thefull year is $3.28.

* Wheeler RealEstate Investment Trust Inc. reiteratedits annualized AFFO-per-share outlook in the range of 16 cents to 17 cents.

The S&P Capital IQ consensus FFO-per-share estimate for thefull year is 17 cents, with three analysts reporting.

* Getty RealtyCorp. reaffirmedits AFFO-per-share projections for the full year in the range of $1.40 to $1.45.

* CyrusOne Inc.revised its guidance for normalized FFO per share to a range of $2.48 to $2.58 fromprevious guidance of $2.45 to $2.55 per share.

The S&P Capital IQ consensus FFO-per-share estimate for thefull year is $2.51.