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Escondido, California-based REIT $O reported higher 4Q15 results, helped by higher revenues and unusually large gain on sales of real estate. $O said net income rose 7.3% to $76.2MM, or $0.31 per share compared to $71MM or $0.32 per share a year ago. Revenue rose 6.5% to $263.67MM. AFFO per share rose 4.6% to $0.68 for the quarter.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.