Ramco-Gershenson Trims FFO Outlook

SOUTHFIELD, MI-The retail REIT says a stock offering was popular, increasing the number of outstanding shares. Ramco-Gershenson also expects a lag time before putting that money to use.

By Robert Carr | April 10, 2002 at 01:01 AM

Now, the company currently estimates that FFO per share for 2002 will be slightly lower, in the range of $2.20 to $2.30 per share.

The revision reflects a greater number of shares expected to be outstanding during the year as a result of a proposed offering of common stock, and the lag in time before full deployment of the capital raised to support the company's operations.

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