Retail Properties Of America Q3 FFO Rises - Quick Facts

(RTTNews) - Retail Properties of America, Inc. (RPAI) Monday said third-quarter funds from operations, or FFO, increased to $63.4 million or $0.27 per share from $57.2 million or $0.25 per share in the same period last year.

Operating FFO for the quarter was $63.3 million or $0.27 per share. On average, four analysts polled by Thomson Reuters expected the company to report FFO of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.

Net loss attributable to common shareholders widened to $39.91 million or $0.17 per share from $15.95 million or $0.07 per share last year.

Revenues totaled $142.29 million, up from $138.85 million last year. Analysts expected revenues of $140.99 million.

Looking ahead, the company has raised its full-year 2013 FFO outlook to a range of $1.08 to $1.10 per share from its previous guidance range of $0.98 to $1.02 per share.

Adjusted FFO is projected in a range of $1.00 to $1.02 per share, up from $0.92 to $0.96 per share, issued previously. Analysts currently expect full-year FFO of $1.01 per share.