LOS ANGELES (AP) — LOS ANGELES (AP) — Kilroy Realty Corp. (KRC) on Monday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
The Los Angeles-based real estate investment trust said it had funds from operations of $122.3 million, or $1.02 per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of $1.03 per share.
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 $39 million, or 33 cents per share.
The real estate investment trust, based in Los Angeles, posted revenue of $270.8 million in the period.
Kilroy Realty expects full-year funds from operations to be $3.85 to $4.05 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KRC at https://www.zacks.com/ap/KRC
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。