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The markets are digesting the 2.242%, increase at PRLE during the January to March 31 2022 period

PRLE recorded first quarter of 2022 operating profit of $2.129 millions

Published 2022-05-19T05:13:49-04:00
Goran Soko / CSIMarket.com Contributer

Khozam_By_BandarSar_(Own_work)_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsFor the January to March 31 2022 period PRLE decreased loss per share of $-0.03 per share compare to $-0.12 a year ago and earnings per share improved from $-0.11 per share from the previous financial reporting period.

Revenue grew softly by 2.242 % to $2.33 millions from $2.28 millions in the similar financial reporting period a year ago and sequentially Revenue decreased by -4.711 % from $2.44 millions.




Net earnings of $0.212 millions in the January to March 31 2022 period increased by 54.74 % from zero gain fulfilled in the corresponding financial reporting period a year ago. Pillarstone Capital Reit also emphasized it's improving profit margins, where net margin rose to 9.11% in January to March 31 2022 period, and operating margin edged up to 91.53%.
Operating earnings, on the other hand, improved just 3.45% to $2.129 millions.

Pillarstone Capital Reit is expected to report next financial results on August 12, 2022.


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Other PRLE's Earnings Reports

Pillarstone Capital Reit reported fourth quarter 2021 earnings

Pillarstone Capital Reit reported third quarter 2021 earnings

Pillarstone Capital Reit reported second quarter 2021 earnings

       
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