Funds From Ops versus Net Income 2011 to now Iamwcw, thanks for prompting me to look at the financials for PRY - there is so much "noise" about PRY that it is necessary to focus on the fundamentals.
I looked at the last 8 quarters and compared Q2 / 11 through Q1/ 12 with Q2 /12 to Q1 / 13
So comparing the last 4 quaters with the previous 4, Funds flow from operations increased by 30 % (62 mil. /48 mil. ), but Net income increased by 100 % ( 30 mil. / 15 mil.)
Now this is good news that the FFFO is up 30 %, but it is even better news when the net income increases 100 %, a rate that is 3 times the increase in FFFO.
If PRY can control their capital expenditures going forward, stabilize their debt level, then " IF" the trend outlined above continues, PRY should be more than OK.