Safety, Income and Growth: Q1 Earnings Snapshot
NEW YORK (AP) _ Safety, Income and Growth Inc. (SAFE) on Thursday reported first-quarter earnings of $16.9 million.
The New York-based company said it had profit of 32 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 32 cents per share.
The real estate investment trust posted revenue of $43.5 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $43.1 million.
Safety, Income and Growth shares have decreased almost 3% since the beginning of the year. The stock has increased 38% in the last 12 months.