Outfront Media (OUT) Q2 FFO, Revenues Beat Estimates
Zacks Investment Research | Aug 04, 2017 04:04AM ET
Outfront Media Inc. (NYSE:OUT) reported second-quarter 2017 adjusted funds from operations (“FFO”) per share of 56 cents, beating the Zacks Consensus Estimate by a penny. The figure, however, came in lower than the year-ago quarter tally of 63 cents.
Results reflected an increase in income taxes and maintenance capital expenditures.
Revenues for the quarter came in at $396.2 million, comfortably surpassing the Zacks Consensus Estimate of $388.38 million. Further, revenues rose 2.8% from the year-ago tally of $385.3 million.
OUTFRONT Media Inc. Price, Consensus and EPS Surprise
Q2 Earnings Schedule of Other REITs
We now look forward to the earnings releases of other companies in the REITs sector like Care Capital Properties, Inc. (NYSE:CCP) , Condor Hospitality Trust Inc. (NYSE:CDOR) and Community Healthcare Trust Inc. (NYSE:CHCT) , all of which are slated to report Q2 numbers in the coming week.
Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
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