Power REIT Announces Fourth Quarter and Full Year 2021 Results – Net Income Per Share Increased 42% Core FFO Per Common Share Increased 44%
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금요일, 4월 1, 2022
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During the fourth quarter of 2021, the Trust reported a Quarterly FFO Per Share of $0.35.
Key Points:
- During the fourth quarter of 2021, the Trust reported a Quarterly FFO Per Share of $0.35.
- Had the straight-lined rent for the Michigan property been included in the fourth quarter 2021 calculation, the incremental FFO would add approximately $0.38 per share per quarter.
- Lesser concluded, From an earnings perspective, we increased our Core FFO per common share by 44% year over year.
- On February 5, 2021, Power REIT closed on its Rights Offering, generating proceeds of approximately $37 million and issued an additional 1,383,394 common shares.