U.S. REIT Index Price / LTM FFO

Price to FFO is the REIT industry earnings multiple (P/E ratio in other sectors). This ratio reflects how much an investor is willing to pay for each dollar of FFO earned through company operations. P/FFO increase as prices rise faster than the FFO growth rate during a given period. Source: SNL Financial. Numbers as of Sept. 29, 2011.

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