- Government Properties Income Trust (NYSE:GOV-OLD) Q3 normalized FFO per share of 53 cents surpasses the average analyst estimate of 50 cents; vs. 41 cents a year ago.
- Q3 same-property cash basis NOI increases 2.0% Y/Y; same-property NOI rises 0.6%.
- Entered new and renewal leases during Q3 for an aggregate 182,220 rentable square feet at weighted average rents that were 0.4% below prior rents for the same space.
- Entered agreements to sell 50 buildings for $438.5M since end of Q2.
- 93.3% of GOV's total rentable square feet was leased as of Sept. 30, 2018, compared with 94.0% as of June 30, 2018; on a same-property basis 94.6% was leased as of Sept. 30, 2018, unchanged from June 30, 2018.
- Sees recording a loss on the sale of Select Income REIT (SIR) shares of about $19.4M in Q4 2018.
- Conference call at 11:00AM ET.
- Previously: Government Properties beats by $0.03, beats on revenue (Nov. 1)
More on Government Properties Q3: Same-property cash NOI +2.0%
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Symbol | Last Price | % Chg |
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GOV-OLD | - | - |
Government Properties Income Trust |