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American Financial Realty Repositions: Fool by Numbers

On Feb. 28, American Financial Realty (NYSE: AFR  ) , a financial-services REIT that competes with Alexandria Real Estate (NYSE: ARE  ) and Brandywine Realty Trust (NYSE: BDN  ) , released fourth-quarter and full-year earnings for the period ending Dec. 31.
  • Adjusted funds from operations (FFO), a measure of cash flow, fell to $21 million versus $26 million last year.
  • The company has struggled, and management deemed it necessary to reposition the portfolio. During the quarter, the company sold 27 properties for $917 million, and it plans to sell off another $575 million worth of property to pay down debt.
  • The company's total occupancy was 86.9% at year-end; however, excluding the properties American Financial plans on selling, occupancy was 91.5%.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005






Net Profit








Get back to basics with a look at the income statement.

Balance Sheet Highlights


Q4 2006

Q4 2005


Cash + ST Invest.




Accounts Rec.




Net Real Estate Investments





Q4 2006

Q4 2005


Total Debt




Book Value




Learn the ways of the balance sheet.

Cash Flow Highlights

Q4 2006

Q4 2005










Adjusted FFO




Find out why Fools always follow the money.

Related Foolishness:

American Financial is a Motley Fool Income Investor recommendation. Try any one of our investing services free for 30 days.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check for more of our in-depth discussion of what the numbers mean.

Fool contributor Emil Lee is an analyst and a disciple of value investing. He doesn't own shares in any of the companies mentioned above. Emil appreciates your comments, concerns, and complaints. The Motley Fool has a disclosure policy.

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Related Tickers

10/21/2016 4:02 PM
ARE $106.75 Up +0.43 +0.40%
Alexandria Real Es… CAPS Rating: No stars
BDN $15.28 Down -0.03 -0.20%
Brandywine Realty… CAPS Rating: *****