InfraREIT: 2Q Earnings Snapshot
DALLAS (AP) _ InfraREIT Inc. (HIFR) on Wednesday reported second-quarter earnings of $17.3 million.
The Dallas-based company said it had net income of 39 cents per share. Earnings, adjusted for one-time items, came to 29 cents per share.
The real estate investment trust that owns electric transmission and distribution assets posted revenue of $47.8 million in the period.
InfraREIT expects full-year earnings in the range of $1.22 to $1.32 per share.
InfraREIT shares have risen 13 percent since the beginning of the year. The stock has decreased almost 7 percent in the last 12 months.