Commercial landlord Griffin Land & Nurseries Inc. says higher gains on property sales narrowed its fiscal first-quarter loss.
For three months ended Feb. 28, the New York-based parent of Griffin Land in Windsor lost a net $708,000, or 14 cents a diluted share, down from a net loss of $1.4 million, or 27 cents a diluted share, the comparable December-to-February period a year ago.
First-quarter revenues from continuing land-sales and property-leasing operations rose to $6.2 million vs. $5.1 million last year.
Griffin’s Connecticut holdings include office and industrial parks and land along Windsor’s Day Hill Road corridor, and the New England Tradeport office-industrial complex that straddles that town and Granby.
