Griffin Announces Fiscal 2018 Third Quarter Results
GRIFFIN LAND & NURSERIES (GRIF)
US:NASDAQ Investor Relations:
griffinindustrial.com
Company Research
Source: GlobeNewswire
NEW YORK, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Griffin Industrial Realty, Inc. (Nasdaq: GRIF) (“Griffin”) reported total revenue of $8,001,000 and $25,397,000 for the three months ended August 31, 2018 (the “2018 third quarter”) and nine months ended August 31, 2018 (the “2018 nine month period”), respectively, as compared to $9,954,000 and $35,020,000 for the three months ended August 31, 2017 (the “2017 third quarter”) and nine months ended August 31, 2017 (the “2017 nine month period”), respectively. The lower total revenue in the 2018 third quarter and 2018 nine month period, versus the comparable 2017 periods, reflected a decrease in revenue from property sales partially offset by an increase in rental revenue. Rental revenue increased to $8,001,000 and $24,374,000 in the 2018 third quarter and 2018 nine month period, respectively, from $7,759,000 and $22,070,000 in the 2017 third quarter and 2017 nine month period, respectively. The higher rental revenue in the 2018 third quarter
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