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TIER REIT Inc (TIER.N)

TIER.N on New York Stock Exchange

24.04USD
22 Jun 2018
Change (% chg)

$0.05 (+0.21%)
Prev Close
$23.99
Open
$24.02
Day's High
$24.13
Day's Low
$23.83
Volume
214,966
Avg. Vol
59,787
52-wk High
$24.13
52-wk Low
$17.04

Latest Key Developments (Source: Significant Developments)

Tier REIT Reports Q4 FFO Per Share $0.39
Monday, 12 Feb 2018 04:40pm EST 

Feb 12 (Reuters) - Tier Reit Inc ::TIER REIT ANNOUNCES FOURTH QUARTER & FULL YEAR 2017 FINANCIAL RESULTS.Q4 FFO PER SHARE $0.40 EXCLUDING ITEMS.Q4 FFO PER SHARE $0.39.NET LOSS FOR Q4 OF $0.21 PER DILUTED COMMON SHARE.FOR 2018 SEES ‍PROJECTED FFO, EXCLUDING CERTAIN ITEMS, PER DILUTED COMMON SHARE $1.45 - $1.52​.ON FEB 8, BOARD OF DIRECTORS APPOINTED JAMES SHARP CFO AND TREASURER.SEES 2018 ‍PROJECTED NET LOSS PER BASIC & DILUTED COMMON SHARE ($0.15) - ($0.08)​.  Full Article

Tier REIT Recasts Credit Facility For Total Unsecured Borrowings To Increase By $40 Mln
Wednesday, 24 Jan 2018 04:35pm EST 

Jan 24 (Reuters) - Tier REIT Inc ::TIER REIT RECASTS CREDIT FACILITY.TIER REIT INC - AMENDMENT PROVIDES FOR TOTAL UNSECURED BORROWINGS UNDER CREDIT FACILITY TO INCREASE FROM $860 MILLION TO $900 MILLION.TIER REIT INC - AMENDMENT PROVIDES WITH ABILITY TO FURTHER INCREASE TOTAL BORROWINGS BY UP TO ADDITIONAL $300 MILLION SUBJECT TO CERTAIN REQUIREMENTS.TIER REIT INC - RECAST ALSO INCLUDES A MATURITY DATE EXTENSION OF REVOLVING PORTION OF FACILITY FROM DECEMBER 2018 TO JANUARY 2022.TIER REIT-RECAST ALSO HAS ADDITIONAL 1-YEAR EXTENSION WITH MATURITY DATE EXTENSION OF $300 MILLION TERM LOAN FROM DEC 2019 TO JAN 2025.  Full Article

TIER REIT announces Q3 FFO per share $0.33
Wednesday, 8 Nov 2017 04:35pm EST 

Nov 8 (Reuters) - TIER REIT Inc ::TIER REIT announces third quarter financial results.Q3 FFO per share $0.34 excluding items.Q3 FFO per share $0.33.  Full Article

TIER REIT provides update on impact of hurricane Harvey
Monday, 28 Aug 2017 05:17pm EDT 

Aug 28 (Reuters) - TIER REIT Inc :TIER REIT provides update on impact of hurricane Harvey.‍currently, there is either no or minor damage at company's properties in Houston in connection with hurricane Harvey ​.TIER REIT Inc - ‍there has been no impact by hurricane Harvey ​to company's properties in Austin, and Dallas remains unaffected at this time.  Full Article

Tier REIT reports Q2 FFO per share $0.39
Monday, 7 Aug 2017 04:38pm EDT 

Aug 7 (Reuters) - Tier Reit Inc :Tier REIT announces second quarter financial results.Q2 FFO per share $0.41 excluding items.Q2 FFO per share $0.39.‍Increases outlook for 2017 FFO and FFO, excluding certain items​.Same store cash NOI of $24.7 million for quarter ended June 30, 2017, as compared to $23.4 million for quarter ended June 30, 2016.Sees 2017 same store cash NOI growth 1.0 pct - 2.0 pct.Sees ‍2017 FFO per share $1.58 - $1.62; sees 2017 adjusted FFO per share $1.46 - $1.50​.FY2017 FFO per share view $1.47 -- Thomson Reuters I/B/E/S.Q2 FFO per share view $0.36 -- Thomson Reuters I/B/E/S.  Full Article

Tier Reit announces strategic acquisition of legacy district tower
Monday, 26 Jun 2017 04:30pm EDT 

June 26 (Reuters) - Tier Reit Inc :Tier Reit announces strategic acquisition of legacy district tower & sale of remaining louisville portfolio.Tier Reit Inc - deal for $123.3 million,.Tier Reit Inc - sale of company's louisville portfolio totaling approximately 678,000 square feet, for $71.5 million.Tier Reit Inc - acquired 5851 legacy circle for $123.3 million, which includes assumption of a $66 million mortgage loan.  Full Article

Tier REIT Q1 FFO per share $0.38
Wednesday, 10 May 2017 04:35pm EDT 

May 10 (Reuters) - Tier Reit Inc :Tier REIT announces first quarter financial results.Q1 FFO per share $0.41 excluding items.Q1 FFO per share $0.38.Tier REIT Inc - Maintained its originally issued 2017 outlook and assumptions, except for a $100 million increase to dispositions of non-target properties.  Full Article

TIER REIT announces sale of Eisenhower I
Monday, 13 Mar 2017 04:30pm EDT 

Tier Reit Inc : Announces sale of Eisenhower I . Tier reit inc - property was sold today to an unrelated third party for $31.4 million .Tier reit inc - deal includes incentive to earn up to an additional $3.0 million subject to certain future events.  Full Article

Tier REIT to sell office building
Thursday, 2 Mar 2017 07:00am EST 

Tier REIT Inc : Tier REIT announces sale of Three Parkway . Tier REIT Inc- deal for $95 million .Tier REIT Inc- property was sold on March 1, 2017, to an unrelated third party and marks company's exit from Philadelphia market.  Full Article

Tier Reit Q3 FFO per share $0.38 excluding items
Wednesday, 9 Nov 2016 04:35pm EST 

Tier Reit Inc : Tier Reit Inc - increases 2016 guidance for FFO & FFO, excluding certain items . Tier Reit Inc sees 2016 nareit-defined FFO per share $1.55 - $1.57 . Tier Reit Inc sees 2016 FFO, excluding certain items $1.62 - $1.64 . Tier Reit Inc sees 2016 same store GAAP NOI growth 0.0% - 0.5% . Tier Reit Inc sees 2016 same store cash noi growth 3.5% - 4.0% . FY 2016 FFO per share view $1.56 -- Thomson Reuters I/B/E/S . Tier Reit announces third quarter 2016 financial results . Q3 FFO per share $0.38 excluding items .Q3 FFO per share $0.40.  Full Article

BRIEF-Tier REIT Posts Q1 FFO Per Share $0.20

* SEES 2018 PROJECTED FFO, EXCLUDING CERTAIN ITEMS, PER DILUTED COMMON SHARE $1.49 - $1.54