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Pan Pacific Reports 11.1% Jump in Total FFO

SAN DIEGO, CA-The locally based REIT announces that total fund from operations for the third quarter of this year was $25.8 million, which reflects an 11.1% increase from the same period in 2001.

By Erin Cassin | Updated on November 01, 2002

SAN DIEGO, CA-Pan Pacific Retail Properties Inc., the largest neighborhood shopping center REIT on the West Coast, has announced its third quarter results, reporting that the company’s total funds from operations has increased more than 10% from last year’s third quarter, as has the total funds available for distribution.

The report says that total FFO for third quarter 2002 has jumped 11.1% to $25.8 million, while the FFO per share has increased 10.3% to $0.75. Meanwhile, the total FDA has risen 12.3% to $22.6 million and the FDA per share has jumped 10.2% to $0.65.

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