Desjardins Weighs in on Cominar REIT’s FY2018 Earnings (CUF)

Cominar REIT (TSE:CUF) – Stock analysts at Desjardins dropped their FY2018 earnings estimates for Cominar REIT in a research note issued on Tuesday, May 8th. Desjardins analyst M. Markidis now expects that the company will post earnings per share of $1.23 for the year, down from their prior forecast of $1.24. Desjardins also issued estimates for Cominar REIT’s Q4 2018 earnings at $0.32 EPS and FY2019 earnings at $1.25 EPS.

Cominar REIT (TSE:CUF) last issued its quarterly earnings data on Thursday, March 8th. The company reported C($3.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.36 by C($3.50). Cominar REIT had a return on equity of 6.68% and a net margin of 31.34%. The company had revenue of C$207.42 million during the quarter.

Shares of TSE CUF opened at C$13.14 on Thursday. Cominar REIT has a 12 month low of C$11.84 and a 12 month high of C$14.95.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, April 30th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.72 annualized dividend and a yield of 5.48%.

Cominar REIT Company Profile

Cominar REIT is a Canada-based real estate investment trust (REIT). The Company is a commercial property owner and manager in the province of Quebec. Its segments include Office, Retail, and Industrial and mixed-use. Its activities include a portfolio of three property types, including office properties, retail properties, and industrial and mixed-use properties located in Canadian provinces.

Earnings History and Estimates for Cominar REIT (TSE:CUF)

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