Ramco-Gershenson Properties Q1 FFO Rises - Quick Facts

(RTTNews) - Ramco-Gershenson Properties Trust (RPT) Tuesday reported first-quarter funds from operations, or FFO, of $23.0 million or $0.30 per share, compared to $18.8 million or $0.31 per share in the same period last year.

Operating FFO for the quarter was $22.9 million or $0.30 per share. On average, nine analysts polled by Thomson Reuters expected the company to earn $0.30 per share for the quarter. Analysts' estimates typically exclude special items.

First-quarter net income available to common shareholders was $860 thousand or $0.01 per share, down from $3.2 million or $0.06 per share last year.

Revenues increased to $50.13 million from $33.94 million last year. Analysts expected revenues of $50.68 million.

Looking ahead, the company has affirmed its 2014 operating FFO guidance range of $1.20 to $1.26 per share. Analysts currently expect full-year FFO of $1.25 per share.