Analysts polled by Capital IQ expected $0.25.

Rental and other property revenue for the quarter ended March 31 was $160.3 million, down from $161.1 million a year earlier.

Analysts surveyed by Capital IQ expected $160.7 million.

For 2024, the retail-focused real estate investment trust maintained its previous guidance of core funds from operations of $1.12 to $1.16 per share. Analysts polled by Capital IQ expect $1.02.

Shares of the company were up more than 4% in recent Thursday premarket activity.

Price: 16.40, Change: +0.64, Percent Change: +4.06

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