(Reuters) - Archstone reported first-quarter funds from operations , a key performance measure for real estate investment trusts , of $250.8 million, or 50 cents per share, up from $247 million, or 59 cents, in the year-earlier quarter.
The results were in line with the company's forecast of 48 to 50 cents per share. But the FFO missed analysts' average forecast of 51 cents per share, according to Reuters Estimates, as higher rental revenue growth was offset by greater interest expense.
Read more at Reuters.com Bonds News
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