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Ramco Gershenson Reports Healthy 2Q 2000

SOUTHFIELD, MI - The REIT lists $14.3 million in development projects during first half of year.

By Robert Carr | Updated on August 07, 2000

Ramco Gershenson Properties Trust has reported results for the second quarter, with diluted FFOincreasing 7.7%, or approximately $1.097 million, to $15.3 million, compared with $14.2 million for the six months ended June 30, 1999. Total revenues increased 9.1%, or $3.87 million, to a total of$46.4 million, compared with $42.53 million in 1999.

Dennis Gershenson, president and CEO of Ramco-Gershenson, notes that currently the company has seven redevelopment projects under way at an estimated cost of $14.3 million. Projects commencingin the second quarter include:

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