Retail Properties of America (RPAI) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of 20%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.21 per share when it actually produced FFO of $0.20, delivering a surprise of -4.76%.
Over the last four quarters, the company has surpassed consensus FFO estimates two times.
Retail Properties of America, which belongs to the Zacks REIT and Equity Trust - Retail industry, posted revenues of $119.38 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 12.21%. This compares to year-ago revenues of $118.7 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.