An insight into the FFO reveals that it ,is a supported, non-GAAP estimate of finance that is devised by the real estate industry for the assessment purposes . There is a common misconception of giving FFO a position same as that of the net income .
While the year 2010 witnessed a boost of around $25.6 million, the old statistics showed that this number rose to 20.8% from $21.2 million in the first quarter of 2009. However, $14.7 million, was the amount that was availed by the other stakeholders as the net income.
The total operating revenues of around $191.8 million was laid down by the company in the first quarter of 2010. such a high rise was a remarkable achievement, in terms of the milestone laid down by the company in the previous years.
" A different achievement of the Company was made during the the first quarter, that was directed basically to the take over of the New England Portfolio “, expressed Michael F. Foust, Chief Executive Officer of Digital Realty Trust. "The basic returns were seen to link themselves to the Turn-key product that had been reflected from the many IT companies. The ultimate result was continuous leasing activities that continued at a high pace.”
On March 31, 2010, a declaration was made by the Company that the total number of the leases had hiked up to t 116,000 square feet of space. With an inclusion of 108,000 square feet of Turn-Key Datacenter(R) space that was leased at annual rate of $139.00 per square feet, the figure had risen so high.
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