Funds from operations for the six months were $77,286, or $0.24 per share, compared with $795,179, or $0.36 per share.
For the second quarter, operating revenues came in at $2.8 million and net income of $715,901 or $0.21 per share, a sizeable increase from the net income of $110,869, or $0.05 a share in the second quarter of 2000.
However, results for the second quarter of this year included operations from the company's Sheridan Plaza at Inverness and Sheridan Center buildings, and the Panorama Falls office building, which was acquired in May 2000.
The second quarter results do not include any operations form the self-storage facilities that AmeriVest sold in the third quarter of 2000 and only two months of operations from the Giltedge office building in Wisconsin, which it sold in June of this year.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
