Edgefront Real Estate Investment Trust Expected to Earn FY2024 Earnings of $0.71 Per Share (TSE:NXR)

Edgefront Real Estate Investment Trust (TSE:NXR) – Equities research analysts at National Bank Financial cut their FY2024 EPS estimates for Edgefront Real Estate Investment Trust in a report released on Tuesday, October 8th. National Bank Financial analyst M. Kornack now anticipates that the company will earn $0.71 per share for the year, down from their prior estimate of $0.72. National Bank Financial has a “Strong-Buy” rating on the stock.

Edgefront Real Estate Investment Trust (TSE:NXR) last issued its quarterly earnings data on Wednesday, August 14th. The company reported C$0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.28. The firm had revenue of C$43.91 million during the quarter.

Separately, Ventum Cap Mkts raised shares of Edgefront Real Estate Investment Trust to a “strong-buy” rating in a report on Monday, July 29th.

Edgefront Real Estate Investment Trust Price Performance

Edgefront Real Estate Investment Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.053 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st.

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.