(Reuters) - General Growth reported second-quarter core funds from
operations of $216.6 million, or 73 cents per share,
compared with $184.1 million, or 62 cents per share, the previous
year. The results trailed analysts average forecast of 74 cents
per share, according to Reuters Estimates.
FFO removes the profit-reducing effect that depreciation -- a
noncash accounting item -- has on earnings. Core FFO strips out
General Growth's master-planned community sales and provisions for
income taxes, both of which General Growth says distorts the
results of its ongoing business.
Read more at Reuters.com Market News
operations of $216.6 million, or 73 cents per share,
compared with $184.1 million, or 62 cents per share, the previous
year. The results trailed analysts average forecast of 74 cents
per share, according to Reuters Estimates.
FFO removes the profit-reducing effect that depreciation -- a
noncash accounting item -- has on earnings. Core FFO strips out
General Growth's master-planned community sales and provisions for
income taxes, both of which General Growth says distorts the
results of its ongoing business.
Read more at Reuters.com Market News
No comments:
Post a Comment