Griffin Industrial Realty, Inc. (NASDAQ:GRIF) reports 2Q18 Profit Plummets

Griffin Industrial Realty

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.

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