Colonial Properties (CLP) Posts Q2 FFO of $0.27, Tops by 2c; Guides FY10 FFO; Declares $0.15 Quarterly Dividend
Colonial Properties (NYSE: CLP) reports Q2 FFO of $0.27, 2 cents better than the analyst estimate of $0.25. Revenue for the quarter was $ million, which compares to the estimate of $83.76 million.
On July 21, 2010, the Board of Trustees approved a cash dividend of $0.15 per common share, payable August 9, 2010, to shareholders of record as of August 2, 2010, representing an ex-dividend date of July 29, 2010.
Sees FY10 FFO of $0.98 - $1.03, compared to the consensus of $1.02.... Read more
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