Granite REIT Q2 FFO $1.26 Misses $1.56 Estimate, Sales $165.100M Miss $166.470M Estimate

Granite REIT (TSX:GRT) reported quarterly earnings of $1.26 per share which missed the analyst consensus estimate of $1.56 by 19.23 percent. This is a 2.44 percent increase over earnings of $1.23 per share from the same period last year. The company reported quarterly sales of $165.100 million which missed the analyst consensus estimate of $166.470 million by 0.82 percent. This is a 10.58 percent increase over sales of $149.300 million the same period last year.