Arden Posts Higher Funds From Operations
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Los Angeles-based Arden Realty Inc., the largest office landlord in L.A. County, reported fourth-quarter funds from operations of $44.6 million, or 66 cents a share, compared with $43 million, or 65 cents, in the final quarter of 2003.
For the full year, funds from operations -- a key measure of profitability for real estate investment trusts -- were $171.8 million or $2.55 a share. That was down slightly from $174.5 million, or $2.66 a share, in the same period in 2003.
Roger Vincent
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