Edgefront Real Estate Investment Trust (TSE:NXR) Expected to Post FY2024 Earnings of $0.74 Per Share

Edgefront Real Estate Investment Trust (TSE:NXR) – Investment analysts at Raymond James dropped their FY2024 earnings estimates for shares of Edgefront Real Estate Investment Trust in a report released on Wednesday, April 24th. Raymond James analyst B. Sturges now expects that the company will earn $0.74 per share for the year, down from their prior forecast of $0.75.

Edgefront Real Estate Investment Trust Price Performance

Edgefront Real Estate Investment Trust (TSE:NXR) last issued its quarterly earnings results on Wednesday, March 13th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.19 by C($0.17). The business had revenue of C$42.01 million for the quarter.

Edgefront Real Estate Investment Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.053 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend was Wednesday, March 27th.

About Edgefront Real Estate Investment Trust

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.