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Earnings Review and Free Research Report: IRET's Q4 FFO per Share Beat Forecasts
LONDON, UK / ACCESSWIRE / July 10, 2017 / Pro-Trader Daily has just published a free post-ea...
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[{"type":"text","content":"Earnings Review and Free Research Report: IRET’s Q4 FFO per Share Beat ForecastsLONDON, UK / ACCESSWIRE / July 10, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Investors Real Estate Trust (NYSE: IRET) (\"IRET\"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=IRET, following the Company's release of its financial results for the fourth quarter fiscal 2017 (Q4 FY17) and full year 2017 (FY17) on June 28, 2017. The Minot, North Dakota-based Company's quarterly total revenues grew 12.0% y-o-y, outperforming market consensus estimates. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:\nhttp://protraderdaily.com/register/ \nAt Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on IRET. With the links below you can directly download the report of your stock of interest-free of charge at:\nhttp://protraderdaily.com/optin/?symbol=IRET \nEarnings Reviewed\n \nDuring Q4 FY17, IRET's total revenues rose to $54.34 million from $48.52 million in Q4 FY16. The Company's total revenues number topped market consensus estimates of $51.36 million. The Company generated $49.72 million of revenues from real estate rentals in Q4 FY17 compared to $44.07 million in the year-ago same period. Furthermore, tenant reimbursement during the reported quarter amounted to $4.63 million compared to $4.46 million in the prior year's corresponding quarter.\nThe real estate investment trust reported net income attributable to common shareholders of $27.99 million, or $0.23 per diluted share, in Q4 FY17 compared to $8.13 million, or $0.07 per diluted share, in Q4 FY16. The Company's FFO applicable to Common Shares and Units during Q4 FY17 stood at $10.23 million, or $0.07 per diluted share, compared to $19.22 million, or $0.14 per diluted share, in Q4 FY16. Meanwhile, excluding one-time items, FFO came in at $0.11 per share. Wall Street had expected the Company to report FFO of $0.10 per diluted share.\nIn full year FY17, IRET's total revenues increased by 9.2% to $205.74 million from $188.32 million in FY16. The Company's net income available to common shareholders for FY17 was $31.37 million, or $0.26 per diluted...