NEW YORK CITY—It stands to reason that a quarter in which total returns for stock-exchange listed REITs outperformed the S&P 500 by a ratio of better than four to one would translate into strong results at the individual company level. Among 45 REITs that reported their first-quarter financials this past week, that assumption was generally borne out. All but a few saw year-over-year increases in funds from operations compared to Q1 2014.

To give readers a frame of reference on the REIT sector's performance, GlobeSt.com has produced a snapshot of the past week's financial reports. We've taken FFO figures from 45 earnings reports for three-month period ended March 31 and listed the REITs in alphabetical order.

Bear in mind that factors ranging from acquisition costs to one-time charges can have an impact on a REIT's quarterly numbers, and the best way to gauge the vitality of a particular real estate trust is to look at long-term performance. That being said, here's a look at the numbers for REITs that reported between April 27 and April 30; a number of other companies have either reported in previous weeks or will do so next month.

Agree Realty Corp.: FFO for the three months ended March 31 increased 26.2% to about $10 million, compared with FFO of $7.9 million for the first three months of '14. FFO per share increased 7.7% to $0.56 compared to $0.52 for the year-ago period.

Alexandria Real Estate Equities: FFO was up 9.4% to $1.28 per share, compared to $1.17 for Q1 '14.

American Campus Communities: FFO for Q1 totaled $77.0 million, or $0.68 per fully diluted share, as compared to $73.8 million, or $0.69 per fully diluted share for the same quarter in '14.

American Tower Corp.: Adjusted FFO increased 16.9% year over year to $514 million. The wireless tower REIT's AFFO per share increased 13.6% to $1.25, and core growth in AFFO was approximately 21.9%.

Apartment Investment & Management Co.: Pro forma FFO and AFFO were up by two cents and three cents, respectively, from a year ago, to $0.52 and $0.46 per share.

Armada Hoffler Properties: FFO ticked up to $6.8 million, or $0.17 per diluted share, compared to $6.5 million, or $0.20 per diluted share, the year prior.

AvalonBay Communities: FFO increased 14.6% to $1.88 per diluted share from $1.64 for the comparable period of 2014.

BioMed Realty Trust: FFO rose to $0.41 per diluted share, compared to $0.40 per diluted share a year ago. AFFO was $0.36 per share compared to $0.38 the year prior.

Boston Properties: FFO for Q1 reached $200.4 million, or $1.31 per share basic and $1.30 per share diluted. This compares to FFO for the same quarter in '14 of $183.8 million, or $1.20 per share basic and $1.20 per share diluted.

Brixmor Property Group: FFO for the quarter reached $139.2 million, or $0.46 per diluted share, compared to $132.7 million, or $0.44 per diluted share, the year prior.

Brookfield Property Partners: Driven by additional interests in Brookfield Office Properties and Canary Wharf Group plc, company FFO increased to $181 million, or $0.25 per unit, compared with $157 million, or $0.28 per unit, in Q1 '14.

Camden Property Trust: FFO was up three cents per diluted share to $1.08 from a year ago, while AFFO was flat at $0.96 per diluted share. Earnings per share rose to $1.27 from $0.45 the year prior.

CBL & Associates: AFFO allocable to common shareholders, was $87.9 million, or $0.52 per diluted share, compared with $87.7 million, or $0.52 per diluted share, for Q1 '14.

Chesapeake Lodging Trust: AFFO climbed to $14.3 million, or $0.26 per diluted common share, from $12.2 million, or $0.25 per diluted share, in the year-ago period.

Columbia Property Trust: Normalized FFO was $0.52 per diluted share, AFFO was $0.37 per diluted share and net income was $0.04 per diluted share.

Corporate Office Properties Trust: Diluted FFO per share for Q1 was $0.43 versus $0.48 the year prior.

DCT Industrial Trust: FFO as adjusted totaled $45.7 million, or $0.49 per diluted share, compared with Q1 '14's $39.0 million, or $0.45 per diluted share, an increase of 8.9% per share.

DDR Corp.: Q1 operating FFO increased $6.4 million to $107.1 million, or $0.30 per diluted share, compared to $100.7 million, or $0.28 per diluted share, for the prior-year period.

Duke Realty Corp.: Core FFO was $109 million in Q1, up $16 million, or $0.03 per share, from the year-ago period.

Empire State Realty Trust: FFO was $48.9 million, or $0.18 per fully diluted share, compared to $41.3 million or $0.17 per fully diluted share in the year-ago period.

Equity One: Recurring FFO was $44.2 million, or $0.32 per diluted share, down 9% on a per share basis from a year earlier. FFO was also down 9% to $43.3 million, or $0.32 per diluted share.

Equity Residential: FFO for Q1 was $0.79 per share compared to $0.71 per share in the first three months of '14.

Excel Trust: AFFO was $16.0 million, compared to $11.9 million the year prior, while FFO reached $15.6 million, compared to $11.4 million in the year-ago period.

Extra Space Storage: AFFO was $0.69 per diluted share, representing a 21.1% increase compared to the same period in '14.

FelCor Lodging Trust Inc.: With both same-store and adjusted EBITDA up more than 20% from a year ago, FCH saw AFFO increase 446% to $18.3 million from $4.1 million in Q1 '14.

First Potomac Realty Trust: Core FFO for Q1 was $14.4 million or $0.24 per share, compared to $13.4 million, or $0.22 per share, in the year-ago period.

Franklin Street Investors: FFO decreased by $3.1 million or $0.03 per share from the year-ago period to $25.7 million or $0.26 per share in Q1 of this year.

General Growth Properties: Company FFO per share increased 4.9% to $0.32 per diluted share from $0.31 per diluted share in the prior year period. Company FFO increased 5.8% to $309 million from $292 million in the prior year period.

GEO Group Inc: Normalized FFO rose to $44.2 million, or $0.60 per diluted share, from $41.4 million, or $0.58 per diluted share, the year prior.

Government Properties Income Trust: Normalized FFO were $40.8 million, or $0.58 per basic and diluted share, compared to $28.8 million, or $0.53 per basic and diluted share, in Q1 '14.

Hersha Hospitality Trust: AFFO increased $2.1 million to $13.7 million, compared to $11.6 million in Q1 '14.

Kilroy Realty Corp.: KRC's Q1 FFO reached $91.5 million, or $1.01 per share, compared to $57.2 million, or $0.66 per share, in Q1 '14.

Kite Realty Group: The shopping center center REIT generated FFO, as adjusted, of $42.3 million, or $0.50 per diluted common share, for the first quarter. AFFO grew 13% Y-O-Y from $0.39 to $0.44 per diluted common share.

LTC Properties Inc.: FFO increased 4.5% to $23.4 million for the 2015 first quarter, up from $22.4 million for the comparable '14 period. FFO per diluted common share was $0.65 and $0.63, respectively, for Q1 this year and last year.

Macerich Co.: FFO increased to $133.5 million or $0.79 per diluted share, compared to $121.6 million or $0.81 per diluted share in Q1 '14.

Mid-America Apartment Communities: FFO, core FFO and core AFFO rose to $1.34, $1.32 and $1.19 per diluted share, respectively, from $1.23, $1.21 and $11.3 in the year-ago period.

Omega Healthcare Investors: Reportable FFO was $79.6 million, or $0.59 per common share, compared to $84.4 million, or $0.68 per common share for Q1 '14. AFFO was $95.5 million, or $0.71 per common share, compared to $88.8 million, or $0.71 per common share, the year prior.

Pennsylvania Real Estate Investment Trust: FFO was $24.4 million, or $0.34 per diluted share, compared to $26.6 million, or $0.38 per diluted share, a year ago. FFO as adjusted was $28.2 million, compared to $28 million in the year-ago period.

PS Business Parks: Q1 FFO was $39.0 million, or $1.13 per share, down $2.1 million from Q1 '14's tallies of $41.1 million and $1.20 per share.

Realty Income: FFO for the quarter ended March 31 increased 13.7% to $152.9 million from $134.5 million for the same quarter in '14.

Select Income REIT: Normalized FFO was $56.0 million, or $0.70 per basic and diluted share, compared to $36.4 million, or $0.73 per basic and diluted share, the year prior.

Sovran Self Storage Inc.: FFO for the quarter increased to $1.07 per fully diluted common share compared to $0.88 a year ago.

Tanger Factory Outlet Centers: FFO And AFFO as reported were $49.8 million compared to $42.8 million and $44.4 million, respectively, the year prior.

UDR: The apartment REIT's FFO rose 19% to $0.43. FFO as adjusted per share was $0.40 (+12%), and AFFO per share was $0.37 (+12%).

Weingarten Realty Corp.: Recurring FFO for Q1 was $0.52 per share or $65.4 million, compared to $0.49 per share or $61.2 million the year prior.