Colonial Properties Trust Fourth Quarter Earnings Sneak Peek

Colonial Properties Trust (NYSE:CLP) will unveil its latest earnings on Thursday, January 26, 2012. Colonial Properties Trust is a REIT, which is engaged in the acquisition, development, ownership, management and leasing of commercial real estate property.

Colonial Properties Trust Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 29 cents per share, a rise of 3.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 13.7% versus last year to $1.16.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 4 cents in the second quarter, the company fell in line with expectations by reporting profit of 28 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $95.7 million in revenue this quarter, a rise of 2.4% from the year ago quarter. Analysts are forecasting total revenue of $381.6 million for the year, a rise of 4% from last year’s revenue of $367 million.

Analyst Ratings: Analysts seem relatively indifferent about Colonial Properties with six of nine analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a profit of $12.5 million (14 cents a share) from a loss of $11.6 million (23 cents) a year earlier, meeting analyst estimates. Revenue rose 7.1% to $95.1 million from $88.8 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 6.5% in the second quarter from the year earlier, climbed 3.3% in the first quarter from the year-ago quarter and 5.2% in the fourth quarter of the last fiscal year.

Colonial Properties’ profit last quarter followed losses in the three previous quarters. The company reported a loss of $6.4 million in the second quarter, a loss of $11.6 million in the first and a loss of $8.8 million in the fourth quarter of the last fiscal year.

Competitors to Watch: Cousins Properties Inc (NYSE:CUZ), Vornado Realty Trust (NYSE:VNO), Washington Real Estate Investment Trust (NYSE:WRE), Liberty Property Trust (NYSE:LRY), Essex Property Trust, Inc. (NYSE:ESS), UDR, Inc. (NYSE:UDR), Mid-America Apartment (NYSE:MAA), Camden Property Trust (NYSE:CPT), BRE Properties, Inc. (NYSE:BRE), and Equity Residential (NYSE:EQR).

Stock Price Performance: During November 21, 2011 to January 20, 2012, the stock price had risen $1.94 (10.3%) from $18.80 to $20.74. The stock price saw one of its best stretches over the last year between November 23, 2011 and November 30, 2011 when shares rose for five-straight days, rising 9.9% (+$1.78) over that span. It saw one of its worst periods between November 15, 2011 and November 23, 2011 when shares fell for seven-straight days, falling 8.9% (-$1.77) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com