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AMB Property Reiterates Full-year FFO Forecast
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AMB
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SAN FRANCISCO (AP) — Industrial real estate developer AMB Property Corp. late Tuesday reiterated its full-year outlook and said it will take a first-quarter charge related to the declining value of some property.
The company predicted funds from operations between $1.80 and $1.90 per share, excluding gains from development activities. The forecast also excludes an estimated first-quarter impairment charge of about $165 million to $185 million.
Analysts polled by Thomson Reuters expect funds from operations of $2.02 per share. Analysts' estimates typically exclude one-time items. ...
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