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First Industrial Realty Trust (FR): Q4 FFO of $0.52 vs. consensus of -$0.17. Revenue of $145.4M...

First Industrial Realty Trust (FR): Q4 FFO of $0.52 vs. consensus of -$0.17. Revenue of $145.4M (+44.3%) vs. $83.8M. Sees 2009 FFO of $1.34-1.44 vs. $1.20. Shares +2.9% AH. (PR) (-from Mon. evening)
Comments (1)
  • Cesar Valencia
    , contributor
    Comments (35) | Send Message
     
    $.52 in FFO. "Great" reporting

     

    Fourth quarter and full year results under both FFO measures included charges of $27 million ($17 million cash, $10 million non-cash), or $0.55 per share/unit, related to the Company's cost reduction and restructuring plan and non-cash impairment charges of $43 million, or $0.86 per share/unit, related to the Company's investments in joint ventures.

     

    Excluding the impairment charges and restructuring charge, FFO per share/unit under the prior definition was $0.52 and $3.46 for the fourth quarter and full year, respectively, and $0.45 and $1.84, respectively, under the NAREIT definition.
    3 Mar 2009, 07:39 AM Reply Like
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