"Atlanta has always been a strong market for us, year in and year out, and we think we'll continue to grow there," Thornton Anderson, senior vice president of leasing, tells Globest.com.
Anderson declined to comment specifically on the proposed projects in part because tenants have not been signed. The company typically operates centers of about 100,000 sf.
IRT reported FFO per fully diluted shares increased 3.2% to 32 cents in the first quarter compared with 31 cents the same quarter last year. Total funds from operations were $10.6 million versus $11 million a year earlier.
Net earnings were 19 cents compared to 28 cents in the same period a year ago. Net earnings for the first quarter were $6 million compared with $9.3 million a year earlier.
Company activity during the first quarter focused on refinancing maturing debt, negotiating property sales and acquisitions, and leasing anchor tenant spaces in existing and developing properties, Thomas H. McAuley, chairman and CEO, says in a prepared statement.
The company's portfolio of 92 shopping centers includes 9.7 million sf of retail space.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
David Wilkening
David Wilkening began his long journalism career as a police reporter for Chicago-area newspapers. He became a writer-editor for major newspapers in Chicago, Washington, Detroit and Florida. He has been a business editor, political editor and travel editor for newspapers and magazines. He tried for a while to be a political operative but did better as an adjunct college professor teaching English and journalism. He is the author of several books, both ghost-written and under his own name. He is also a widely published freelance writer who currently lives in Orlando.
