Funds from operations rose 124 percent, to $ 6.7 million, or 30 cents a share, from $ 3 million, or 13 cents a share, a year earlier.
Although funds from operations are expected to be modestly lower in 2010, they remain reasonably strong relative to other REITs and appear to be once again stabilizing.
And management's guidance for FY 2015 adjusted
funds from operations of $ 4.76 to $ 5.02 gives even more support to the dividend and the growth of it.
On a per - share basis,
adjusted funds from operations came in at $ 0.60 per share, which is well above what the company is paying out in dividends these days.
* Change in operating cash flow is replaced with: (i) tangible book value per share growth for companies in the Banks, Diversified Financials and Insurance sectors; and (ii) growth
in funds from operations for REITs, with the exception of Mortgage and Specialized REITs.
The average estimate of seven analysts surveyed by Zacks Investment Research was
for funds from operations of $ 1.28 per share.
In management's view, Brookfield can organically
increase funds from operations by a 5 % to 9 % annual rate over the long term, which should power a similar rise to the company's distribution to investors.
Last week, ARCP announced it had incorrectly calculated its adjusted
funds from operations by $ 12 million for the first quarter of 2014 and by nearly $ 11 million for the second quarter.
Stifel lowered its 2018 and 2018
funds from operations estimates for Healthcare Realty and reduced its acquisition assumptions for the company, as the impact of rising interest rates and a low cap rate compress investment spreads, making external growth «largely uneconomical.»
WP Glimcher is trading at 6.4 times its expected
funds from operations over the next 12 months, compared to an average multiple of 16.6 times at retail REITs followed by Bloomberg.
Despite flat tenant sales, Simon (SPG) reported that its
diluted funds from operations (FFO) for 2001 rose 7 %, to $ 3.51 per share from $ 3.28 per share in 2000.
The REIT reported second - quarter
core funds from operations (FFO) of $ 0.57 a share, topping consensus view of $ 0.56, and raised full - year FFO outlook...
The company has increased
funds from operations per unit by 9 % annually since it went public and expects to grow more, agreeing to a $ 15 billion deal to acquire mall owner GGP Inc late last year.
For example, on Oct. 7, Alexandria, Va. - based apartment REIT AvalonBay Communities Inc. (NYSE: AVB) announced that it expects third -
quarter funds from operations (FFO) of 86 cents to 88 cents a share compared with its previous guidance of 93 cents to 97 cents a share.
DDR Corp says
operating funds from operations attributable to common shareholders was $ 108.8 million, or $ 0.30 per diluted share for Q2.DDR Corp sees 2017 expected interest income of $ 26 million to $ 29 million.Q2 earnings per share view $ 0.00 — Thomson Reuters I / B / E / S.Q2 FFO per share view $ 0.28 — Thomson Reuters I / B / E / S.Expected annual growth in same store net operating income range for co's total portfolio is loss of 1.5 % to growth of 0.0 %.
The deal is expected to be accretive to Brookfield Property Partners and is the latest move to
grow funds from operations per unit long - term.
What's often underutilized are cost control protocols and efficient operational processes that
move funds from operations to the classroom.
When evaluating REITs, you will get a clearer picture by looking
at funds from operations (FFO) rather than looking at net income.
The company's strengths really begin with management's focus on generating consistent
annual funds from operations (FFO) per share growth, increasing the dividend annually, and assuming below average balance sheet and portfolio risk.
Internal growth REITs also are becoming more aggressive in searching for ways to
boost funds from operations (FFO), considered a key growth indicator for REITs.
Other REITs are sharing Taubman's pain, though analysts speculate the charges will affect only the companies» net income and
not funds from operations (FFO).
Arlington, Va. - based Mills Corp. recently
announced funds from operations for second quarter 2002 were up 3.9 % to $ 0.72, but the REIT's most interesting news flash came out of the human resources department.
It shows that the
average funds from operations (FFO) per share growth in 2004 and 2005 was 12.1 percent, with the average total cash compensation increase per company at 11.1 percent.
The average estimate of 10 analysts surveyed by Zacks Investment Research was for
funds from operations of $ 2.83 per share.
The key to STORE's success has been not just fast growth, including
adjusted funds from operations or AFFO (the REIT equivalent of free cash flow) per share (10.1 % annually since IPO) and the dividend (8.6 % annually), but management's Warren Buffett - like dedication to not overpaying for new properties.