What To Expect From Retail Properties of America, Inc. ($RPAI) 2Q20 Earnings

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Retail Properties of America, Inc. (NYSE:RPAI) is expected to report second quarter earnings results, after market close, on Tuesday 4th August 2020.

Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.01 per share.

Looking ahead, the full year income are expected at $ 0.17 per share on the revenues of $ 430.71 million.

The Company Outlook

Full Year 2020 bottomline are predicted in a range of $ 1.04 ~ $ 1.08 per share

Click Here For More Historical Outlooks Of Retail Properties of America, Inc.

Previous Quarter Performance

Retail Properties of America, Inc. revealed income for the first quarter of $ 0.27 per share, from the revenue of $ 118.69 million. The quarterly earnings expanded 145.45 percent while revenues shrunk 2.53 percent compared with the same quarter last year. Wall street analysts are predicting revenue of $ 120.46 million The top line results fell short of analysts by $ 1.77 million or 1.47 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of Retail Properties of America, Inc.

Stock Performance

According to the previous trading day, closing price of RPAI was $ 6.18, representing a 115.33 % increase from the 52 week low of $ 2.87 and a 56.78 % decrease over the 52 week high of $ 14.30.

The company has a market capital of $ 1.32 billion and is part of the Real Estate sector and REIT – Retail industry.

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Retail Properties of America, Inc. is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of June 30, 2019, the Company owned 104 retail operating properties in the United States representing 20.0 million square feet.