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Banyan Strategic Realty Trust reported second-quarter funds from operations climbed 18 percent, to $1.2 million, or 12 cents per share, from $1 million, or 10 cents per share, a year earlier.
The Chicago-based real estate investment trust, which specializes in light industrial/warehouse and suburban office buildings, said revenues rose 24 percent, to $6.7 million from $5.4 million.
For the six months, FFO rose 14 percent, to $2.3 million, or 14 cents per share, from $2 million, or 19 cents per share, in the 1996 period. Revenues climbed 19 percent, to $12.6 million, from $10.6 million.
