Associated Estates Realty Reports Q4 FFO of $.24 vs. $.22

Associated Estates Realty Corporation AEC today reported financial results for the fourth quarter and year ended December 31, 2010. Funds from operations (FFO) for the fourth quarter ended December 31, 2010 were $0.24 per common share (basic and diluted), compared with $0.26 per common share (basic and diluted), for the fourth quarter ended December 31, 2009. Net loss applicable to common shares was $1.4 million or $0.03 per common share (basic and diluted) for the fourth quarter ended December 31, 2010, compared with net loss applicable to common shares of $3.9 million or $0.23 per common share (basic and diluted) for the fourth quarter ended December 31, 2009.