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ProLogis said its funds from operations, or F.F.O.
Mr. Heebner estimated that Tower's funds from operations, or F.F.O.
Third-quarter funds from operations increased 9.8percentto to $1.01 from 92 cents a year ago.
Funds from operations, or revenues, have grown about 5percentto6percentcent a year.
The adjustments are likely to increase funds from operations, a measure of cash flow used by real estate investment trusts, 2 cents to 6 cents for 2003, and reduce funds from operations 22 cents to 26 cents for 2002.
In February, the company said its funds from operations for 2002 would be between $3.02 and $3.10 a share.
BALANCE SHEET The funds from operations, or F.F.O., is a good way to measure cash flow and profitability.
Declining occupancy and rents have depressed Post's funds from operations, a commonly used measure of REIT financial strength, he said.
Funds from operations rose just under 10%.
The term of art is "funds from operations".
Similar(1)
The financial statements don't show anything comparable to a U.S. earnings or funds-from-operations figure.
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