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RETAIL PROPERTIES OF AMERICA, INC.

(RPAI)
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Retail Properties of America: Q1 Earnings Snapshot

05/04/2021 | 05:38pm EDT

OAK BROOK, Ill. (AP) _ Retail Properties of America Inc. (RPAI) on Tuesday reported a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.

The Oak Brook, Illinois-based real estate investment trust said it had funds from operations of $52.3 million, or 24 cents per share, in the period.

The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 20 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $4.7 million, or 2 cents per share.

The real estate investment trust posted revenue of $119.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $106.4 million.

Retail Properties of America expects full-year funds from operations in the range of 83 cents to 87 cents per share.

The company's shares have risen 38% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.80, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RPAI at https://www.zacks.com/ap/RPAI

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2021 438 M - -
Net income 2021 -3,04 M - -
Net Debt 2021 1 624 M - -
P/E ratio 2021 2 237x
Yield 2021 2,52%
Capitalization 2 589 M 2 589 M -
EV / Sales 2021 9,61x
EV / Sales 2022 9,31x
Nbr of Employees 214
Free-Float 98,8%
Chart RETAIL PROPERTIES OF AMERICA, INC.
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Technical analysis trends RETAIL PROPERTIES OF AMERICA, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 11,50 $
Last Close Price 11,79 $
Spread / Highest target 14,5%
Spread / Average Target -2,46%
Spread / Lowest Target -15,2%
EPS Revisions
Managers and Directors
NameTitle
Steven P. Grimes Chief Executive Officer & Director
Shane C. Garrison President & Chief Operating Officer
Julie M. Swinehart Treasurer, Chief Financial & Accounting Officer
Gerald M. Gorski Chairman
Colin Joynt Senior Vice President-Information Technology