Investing.com - RPT Realty (NYSE:RPT) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
RPT Realty announced earnings per share of $0.26 on revenue of $54.73M. Analysts polled by Investing.com anticipated EPS of $-0.05 on revenue of $55.2M.
RPT Realty shares are down 32% from the beginning of the year, still down 39.76% from its 52 week high of $14.99 set on November 5, 2021.
RPT Realty follows other major Real Estate sector earnings this month
RPT Realty's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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