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Stock Market & Financial Investment News

News Breaks
March 13, 2013
16:23 EDTOFCCOPT lowers Q1 FFO view 38c-40c, citing early debt retirement
Sees FY13 FFO $1.74 and $1.84. Management is updating its previously issued guidance for 2013 diluted funds from operations per share, FFOPS, and diluted earnings per share, EPS, to reflect the 6c per share loss on the early retirement of indebtedness and the 3c per share loss on the original issuance costs of the redeemed preferred shares. Management is establishing guidance for FFOPS, as adjusted for comparability, for the full year 2013 of $1.83 to $1.93, which is equal to its previous guidance for 2013 FFOPS. Incorporating the losses on early debt retirement and original issuance costs, the company now expects full year 2013 FFOPS of between $1.74 and $1.84, and first quarter 2013 FFOPS of between $0.38 and $0.40.
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