Pacific Office Properties Inc., the owner of office buildings in Honolulu, and the Western U.S., said first-quarter funds from operations rose to $1.22 million, or 7 cents per share or common unit.

That compared with results of $1.16 million, or 7 cents, a year prior.

The company reported 84.4 percent of its space was leased at the end of March and that annual rent per square foot was $27.79.