Griffin Announces Fiscal 2018 Fourth Quarter and Fiscal 2018 Full Year Results
GRIFFIN LAND & NURSERIES (GRIF)
US:NASDAQ Investor Relations:
griffinindustrial.com
Company Research
Source: GlobeNewswire
NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) reported total revenue of $8,403,000 and $33,800,000 for the three months ended November 30, 2018 (the “2018 fourth quarter”) and the fiscal year ended November 30, 2018 (“fiscal 2018”), respectively, as compared to $8,864,000 and $43,884,000 for the three months ended November 30, 2017 (the “2017 fourth quarter”) and the fiscal year ended November 30, 2017 (“fiscal 2017”), respectively. The lower total revenue in the 2018 fourth quarter and fiscal 2018, versus the comparable 2017 periods, reflected decreases in revenue from property sales partially offset by increases in rental revenue. Rental revenue increased to $8,403,000 and $32,777,000 for the 2018 fourth quarter and fiscal 2018, respectively, from $7,869,000 and $29,939,000 for the 2017 fourth quarter and fiscal 2017, respectively. The $534,000 increase in rental revenue in the 2018 fourth quarter, as compared to the 2017
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