Q: please comment on 4th q results and outlook. Stock seems cheap.
5i Research Answer:
EPS was 86c, vs estimates of 79c; revenue of $1.466B beat estimates of $1.43B. EBITDA of $144.5M beat estimates by 5%. Revenue rose 12%. EBITDA rose 39%. Cash flow per share (adjusted) was 32c vs 21c the prior year. The dividend was raised 5%. Occupancy rose slightly to 98%. Payout ratio dropped below 50%. These were very solid results.