The real estate investment trust, based in
The average estimate of 10 analysts surveyed by
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of
The apartment building owner posted revenue of
For the current quarter ending in December,
The company expects full-year funds from operations in the range of
The company's shares have increased slightly more than 2% since the beginning of the year, while the S&P's 500 index has increased 9%. In the final minutes of trading on Wednesday, shares hit
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