In January, the company sold The Heights, owned by BEXAEW LLC,a joint venture in which the company has a 50% ownership interest. Subsequent to the quarter's end, the company acquired Mio, a luxury communitywith 103 apartment homes, also in San Jose, for a total contract price of $51.3million. Also in December, thecompany acquired Enso Apartments in San Jose, Calif., for a contract price of $93.0million. In December, the company acquired Phase II of Avant, in DowntownLos Angeles, for a total contract price of $73.0 million.
#ENSO APARTMENTS SAN JOSE FULL#
The S&P Capital IQ consensus FFO-per-share estimates forthe first quarter and full year 2016 are $2.62 and $10.84, respectively. In reporting its earnings, the company estimated full-year 2016FFO per share in the range of $10.64 to $11.05 and full-year core FFO per sharein the range of $10.72 to $11.12.įor the first quarter, the company established a range for coreFFO per share of $2.55 to $2.65. For the full year, year-over-year same-property NOI growth was 10.7%. The S&P Capital IQ consensus FFO-per-share estimates forthe fourth quarter and full year 2015 were $2.55 and $9.74, respectively.įor the fourth quarter, year-over-year same-property NOI growthwas 9.2%. The figures represent year-over-year gains on a per-share basis of 23.2%for FFO and 15.0% for core FFO. Core FFO attributable to common stockholders and unit holders totaled$660.7 million, or $9.82 per share, compared to $503.2 million, or $8.54 per share,in 2014. The figures represent year-over-yeargains on a per-share basis of 10.5% for FFO and 17.4% for core FFOįor 2015, FFO attributable to common stockholders and unit holderswas $654.1 million, or $9.72 per share, compared to $464.9 million, or $7.89 pershare, in 2014. Core FFO attributable to commonstockholders and unit holders came to $178.3 million, or $2.63 per share, comparedto $147.0 million, or $2.24 per share, a year earlier. 4 reported year-over-year FFO gains for the fourth quarterand full year 2015 and detailed guidance for the first quarter and full year 2016.įor the fourth quarter, FFO attributable to common stockholdersand unit holders totaled $171.6 million, or $2.53 per share, compared to $150.5million, or $2.29 per share, in the year-ago quarter.
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