(Reuters) - The investment trust founded by real estate mogul Sam Zell
said second-quarter FFO fell to 60 cents a share from 61 cents
per share a year earlier, but still beat analysts' average call
for FFO of 56 cents per share, according to Reuters Estimates.
FFO removes the profit-reducing effect of depreciation -- a
noncash accounting item -- on earnings, and it is a performance
measure commonly used by real estate investment trusts.
Read more at Reuters.com Market News
said second-quarter FFO fell to 60 cents a share from 61 cents
per share a year earlier, but still beat analysts' average call
for FFO of 56 cents per share, according to Reuters Estimates.
FFO removes the profit-reducing effect of depreciation -- a
noncash accounting item -- on earnings, and it is a performance
measure commonly used by real estate investment trusts.
Read more at Reuters.com Market News
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