Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

American Spectrum Realty FY11 FFO Rises

American Spectrum Realty Inc. (AQQ: Quote), a real estate investment, management and leasing company, Friday reported full-year 2011 net income attributable to common stockholders of $3.8 million or $1.32 per share, compared to $8.3 million or $2.76 per share last year.

Full-year 2011 net income included income from discontinued operations of $17.3 million, compared to a loss from discontinued operations of $0.8 million last year.

Funds from operations, or FFO, for the year was $2.1 million compared to a negative FFO of $4.1 million last year. The increase due mainly to a gain recognized on litigation settlement.

Total revenues grew to $69.4 million from $49.2 million last year.

Click here to receive FREE breaking news email alerts for American Spectrum Realty Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.