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Exantas Capital: 1Q Earnings Snapshot

NEW YORK (AP) _ Exantas Capital Corp. (XAN) on Wednesday reported first-quarter net income of $8.1 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 18 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 25 cents per share.

The commercial real estate investment trust posted revenue of $14.6 million in the period. Its adjusted revenue was $14.5 million.

Exantas Capital shares have climbed 10% since the beginning of the year. The stock has increased 13% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XAN at https://www.zacks.com/ap/XAN