- Q4 operating FFO of $62.7M or $0.27 per share vs. $70.7M and $0.30 one year ago.
- Net operating income up 1.3% Y/Y with same store occupancy of 94.6% up 90 basis points. 732K square feet of retail leasing transactions comprised of 139 new and renewal leases. Comparable cash leasing spreads of 2%.
- 2015 outlook: Operating FFO per share of $0.97-$1.01 vs. $1.09 in 2014. Same store NOI growth of 0-2%. Roughly $400M-$450M of strategic acquisitions in target markets. Dispose of about $500M of non-core and non-strategic assets.
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Earnings call tomorrow at 11 ET
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RPAI flat after hours
- Previously: Retail Properties of America beats by $0.02, beats on revenue (Feb. 17)