. For the first quarter of 2011, the flow of federal property available to common shareholders (FFO) of $ 61,300,000, or $ 0.99 per diluted share and net income attributable to common shareholders of $ 31.1 million or earnings per diluted share of $ 0.50. This compares to FFO of $ 57,800,000, or $ 0.94 per share, and net profit attributable to shareholders of $ 29.1 million, or earnings per diluted share of $ 0.47 for the quarter ended March 31, 2010 .
Including renewals and extensions, owned by the same center operating income decreased 1.1% over the first quarter of 2010. In the first quarter of 2011, belonging to the same hub income, excluding redevelopment and expansion properties, increased 1.8% over the first quarter of 2010. the first quarter of 2010 the results of the facility, including renovations and expansions, including $ 3,300,000 of income from contract termination costs related to our Flourtown Shopping Center in New York.
On a comparable space (ie spaces for which he was a former tenant), the leased 340,000 square meters, with an increase in the average cash rent per square meter a contract basis (ie excluding the impact of taxes right online site) 11%. On March 31, 2011, Federal Realty contractual monthly rent cash basis by the minimum of retail and commercial portfolio in the $ 22.73 per square foot. On a GAAP basis (ie including the impact of straight line rents), rent increases per square foot for comparable retail space averaged 24% for the first quarter of 2011. During the first quarter of 2011, the Fund has signed 96 leases of 382 thousand square feet of commercial space. The median income for comparable space of this contract the first year of the new lease is $ 30.52 per square foot than the average lease $ 27.55 per square foot for the last year of this contract. The previous average contractual rent is calculated including both the rental and the minimum percentage rent actually paid during the last year of the lease to the relocation space.
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