Berkshire Income Realty Announces Year End Funds from Operations of $7,648,325.
Business Wire › April 07, 2009
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Berkshire Income Realty Announces Year End Funds from Operations of $7,648,325.
BOSTON -- Berkshire Income Realty, Inc. (AMEX: "BIR_pa"), (AMEX:"BIRPRA"), (AMEX:"BIR-A"), (AMEX:"BIR.PR.A") ("Berkshire" or the "Company") reported its results for the year ended December 31, 2008. Financial highlights for the year ended December 31, 2008 include:
The Company's Funds from Operations ("FFO"), a non-GAAP financial measure, for the year ended December 31, 2008 were $7,648,325, an increase of $665,076 or 9.5%, as compared to $6,983,249 for the year ended December 31, 2007. The increase is due mainly to an increase in Net Operating Income ("NOI"), a non-GAAP financial measure, of the propertie...See the full content of this document
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