logo
Share SHARE
FONT-SIZE Plus   Neg

American Spectrum Realty FY11 FFO Rises

American Spectrum Realty Inc. (AQQ), 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
comments powered by Disqus
Follow RTT