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Stock impact report

More on Griffin Industrial Realty's Q2 results [Seeking Alpha]

GRIFFIN LAND & NURSERIES (GRIF) 
US:NASDAQ Investor Relations: griffinindustrial.com
Company Research Source: Seeking Alpha
Griffin Industrial Realty (NASDAQ: GRIF ) reported Q2 revenue decrease of 49.8% Y/Y to $9.09M, reflecting a decrease in revenue from property sales partially offset by an increase in rental revenue. Segment revenue: Rental $8.19M (+11.7% Y/Y) and property sales $0.89M (-91.6% Y/Y), property sales occur periodically, and year to year changes in revenue and gains from property sales may not be indicative of any trends in the company’s real estate business. Q2 Operating margin   to 20.9%. G&A expenses were $1.84M (-15.24% Y/Y), decrease reflects write-off of costs related to a land purchase that was not completed in the 2Q17. Profit from leasing activities was $5.78M (+12.7% Y/Y). Rental portfolio has 35 buildings with ~3.17M sq ft. which is 94% leased as of May 31, 2018. Previously: Griffin Industrial Realty reports Q2 results (July 10) See all stocks on the move » Now read: Dividend Champion Spotlight: Archer Daniels Midland Co. » Subscribe for full Show less Read more
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