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Despite Plush 1st Quarter, REITS Cautious on CRE.
New York -- Keefe Bruyette & Woods released its first-quarter scorecard for equity REITs, which includes a snapshot look at first-quarter earnings results for the 25 equity REITs/REOCs that have already reported across various property sectors.
In its report, KBW reflects a belief that the realities of the slowing economy may be starting to creep into companies' more cautious outlooks for the balance of the year.
According to the report, after adjusting for non-recurring one-time items, of the 25 companies surveyed, 14 exceeded consensus (with Starwood Hotels & Resorts Worldwide seeing the highest leap above consensus at 76%), four (Developers Diversified Realty Corp., Omega Healthcare Investors Inc., LaSalle Hotel Properties and Marriott International Inc.) met consensus and six missed consensus expectations (with PotlatchCorp. seeing the biggest drop from consensus at 9.1%) for the first quarter.
One REIT, Universal Health Realty Income Trust, had no consensus estimates.
Of the companies that updated 2008 guidance with first-quarter earnings, two lowered ...
- Despite Plush 1st Quarter, REITS Cautious on CRE.
- News wire article from: Mortgage Line Comtois, James June 30, 2008 700+ words
...includes a snapshot look at first-quarter earnings results for the 25 equity REITs...updated 2008 guidance with first-quarter earnings, two lowered prior 2008 guidance...industrial REITs that have reported first-quarter earnings, four have reported operating results...
- 1st quarter earnings decline for 4 majors.
- Newspaper article from: The Oil Daily April 25, 1985 700+ words
1st Quarter Earnings Decline for 4 Majors Lower crude...products margins caused its first quarter earnings to fall 9.2 percent year-to...Unocal Corp. said its first quarter earnings were slightly ahead of last year...
- 1st quarter earnings fall for Chevron, Ker-Mc Gee; Amerada Hess down 58%.
- Newspaper article from: The Oil Daily May 1, 1985 700+ words
1st Quarter Earnings Fall For Chevron, Kerr-McGee...Chevron Corp. said Tuesday its first quarter earnings fell 6 percent year-to-year...meanwhile, said its first quarter earnings fell 29 percent due to declines...
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- Newspaper article from: The Oil Daily Snow, Nick October 24, 1991 700+ words
...Wednesday as it reported weaker third quarter earnings contributions in every area except...Freeport-McMoRan Inc., whose third quarter earnings essentially were unchanged but whose...the results were: * CHEVRON: Third quarter earnings were $313 million, or 90 cents per...
- Exxon, Conoco nets rise in 2nd quarter. (earnings)
- Newspaper article from: The Oil Daily Snow, Nick July 25, 1991 700+ words
...trend and reported improved second quarter earnings Wednesday on the strength of improved...influences that previously reduced second quarter earnings for such majors as Mobil Corp...primary cause of the lower second quarter earnings," disclosed Texaco President James...
- WWP's THIRD QUARTER EARNINGS DECLINE FROM A YEAR AGO
- Press release article from: PR Newswire October 21, 1993 700+ words
...WWP) today reported decreased third quarter earnings compared with a year ago, but earnings...in 1992. The company posted third quarter earnings of 20 cents per share, a decrease...from the 33 cents per share third quarter earnings for 1992. Earnings for the 12 months...
- Rockwell Reports Second Quarter Earnings.
- Press release article from: Business Wire April 20, 1998 700+ words
...reported fiscal 1998 second quarter earnings of 53 cents per share...from comparable 1997 second quarter earnings of 71 cents per share...said, "Our lower second quarter earnings were attributable to reduced...
- Eastman expects lower second-quarter earnings.
- Press release article from: M2 Presswire July 2, 2001 700+ words
...Eastman expects lower second-quarter earnings (C)1994-2001 M2 COMMUNICATIONS...its April 26, 2001, first-quarter earnings release and its Form 10-Q filing but higher than first-quarter earnings of $0.48 per diluted share...
