AMB Property Corp. is deducting stock options against earnings on the industrial REIT’s income statement; it is the first NYSE-listed U.S. company to announce such a move in two years. AMB will expense the value of options at the date of grant. The accounting treatment is being applied to all options granted on or after Jan. 1, which the company projects to cost 1 cent a share for the full year.
Two other NYSE companies that have historically deducted options from earnings are Boeing Co. and Winn-Dixie Stores Inc.
