$COH, known for its Poppy handbags, said its fiscal 2016 will include a 53rd week in its fourth quarter, which is expected to contribute approx. $75-$80MM in incremental revenue and $0.06 in earnings per diluted share to the company.
For 2017, $CCI expects net income to be $427-477MM, site rental revenue to be $3.47-3.50Bil, FFO to be $1.62-1.65Bil and AFFO to be $1.81-1.83Bil. For 2Q17, the company targets net income to be $90-110MM, site rental revenue to be $866-871MM, FFO to be $394-399MM and AFFO to be $433-438MM.
$UDR reaffirmed its previously announced FY17 earnings and same-store growth guidance. It now sees 2Q17 EPS at $0.08-0.09, with both FFO per share and FFO per adjusted share at $0.45-0.47. AFFO per share is touted to be around $0.41 to $0.43.
$CCI reports higher profit for 1Q17, aided by lower asset write-down charges. Net income attributable to CCI stockholders tripled to $119.1MM or $0.33 per share from $36.8MM or $0.11 per share a year ago. Revenue grew 9% to $1.016Bil and FFO rose 27% to $400.9MM in the recently ended quarter.
$ESRX said Anthem contract has generated approx $2.2Bil and $1.9Bil of adjusted EBITDA, or approx 31% and 26% of its total adjusted EBITDA in 2016 and 2015, respectively. However, $ESRX believes it is unlikely its contract with Anthem will be extended.
$UDR same-store revenue grew 4.6% year-on-year in 1Q17, with same-store expense up 3.8% and same-store net operating income rising 4.9%. Annualized rate of turnover was 40.8% representing a 100 basis point decrease year-over-year. At 1Q17 end, UDR’s development pipeline totaled $1.1Bil.