Griffin Industrial Realty, Inc. (NASDAQ:GRIF) revealed net income for the second quarter of $ 0.33 million or 7 cents per share, compared to income of $ 4.73 million or 94 cents per share, in the year-ago period.
Headquartered in New York, the company disclosed, total revenue that reached $ 9.09 million, decreased 50% from $ 18.09 million a year ago.
Revenue from property sales was $ 0.90 million compared to $ 10.76 million in the 2017 second quarter.
Further, Profit from leasing activities increased to $ 5.78 million in the 2018 second quarter compared to $ 5.13 million in the year ago period.
Griffin Industrial Realty develops, manages, and leases industrial and commercial properties in the United States.