Power REIT generates a 200% increase in core FFOs per share from its 4Q in 2019 to 4Q in 2020
Power REIT (NYSEAMERICAN:PW) CEO David Lesser tells Proactive the Old Bethpage, New York-based group completed nine acquisitions in 2020, as well as ‘dramatic’ growth in core funds from operations (FFO) per share, about a 200% increase from 4Q 2019 to 4Q in 2020. Lesser says the transactions the group has made, where it invests in controlled agricultural properties, are at ‘very attractive yields,’ driving its significant growth in core FFO.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/944793/power-reit-generates-a-200-increase-in-core-ffos-per-share-from-its-4q-in-2019-to-4q-in-2020-944793.html
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