|
|
Article: First Union Real Estate Investments reports year-end financial results.
- Article from:
- PR Newswire
- Article date:
- January 31, 1984
CopyrightCOPYRIGHT 1984 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CLEVELAND, Jan. 31 /PRNewswire/ -- First Union Real Estate Investments (NYSE) today announced a 20-percent increase in operating income per fully diluted share and a 15-percent increase in the fair value per fully diluted share for the year 1983.
Income from operations for the year increased to $16,727,000 or $1.61 per fully diluted share from $14,827,000 or $1.34 per share in 1982. Capital gains of $3,495,000 added an additional 29 cents in arriving at fully diluted net income per share in 1983 of $1.90 compared with $3,101,000 or 27 cents per share in 1982, for a total net income of $1.61. The estimated fair value of the trust's ...