Tier Reit: 1Q Earnings Snapshot [FOX News]
TIER REIT INC (TIER)
Last tier reit inc earnings: 5/9 04:31 pm
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US:NASDAQ Investor Relations:
ir.tierreit.com
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Source: FOX News
DALLAS – DALLAS (AP) _ Tier Reit Inc. (TIER) on Tuesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Dallas, said it had funds from operations of $19.5 million, or 40 cents per share, in the period. 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 $8.4 million, or 17 cents per share. The real estate investment trust posted revenue of $54.1 million in the period. Tier Reit expects full-year funds from operations in the range of $1.49 to $1.54 per share. The company's shares have fallen roughly 4 percent since the beginning of the year. The stock has risen 18 percent in the last 12 months. _____ This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on TIER at https://www.zacks.com/ap/TI
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