Fairness Life-style Properties: This fall Earnings Snapshot
CHICAGO (AP) _ Fairness Life-style Properties Inc. (ELS) on Monday reported a key measure of profitability in its fourth quarter.
The Chicago-based actual property funding belief stated it had funds from operations of $128.1 million, or 66 cents per share, within the interval.
Funds from operations is a intently watched measure within the REIT business. It takes internet revenue and provides again gadgets similar to depreciation and amortization.
The corporate stated it had internet revenue of $73 million, or 39 cents per share.
The resort group operator posted income of $340.6 million within the interval.
For the yr, the corporate reported funds from operations of $531.6 million, or $2.72 per share. Income was reported as $1.45 billion.
For the present quarter ending in March, Fairness Life-style Properties expects its per-share funds from operations to vary from 70 cents to 76 cents.
The corporate expects full-year funds from operations within the vary of $2.79 to $2.89 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing knowledge from Zacks Funding Analysis. Entry a Zacks inventory report on ELS at https://www.zacks.com/ap/ELS
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