The Boca Raton-based real estate investment trust reported fourth-quarter funds from continuing operations of $17.7 million, or 63 cents per share, compared with funds from continuing operations of $16 million, or 57 cents a share, for the same period in 2000.
The company also reports the second-quarter weighted average net rental rate on leases signed--excluding first generation space and renewals--climbed about 11.2% to $12.39 per sf. That compares with an average net rental rate of $11.14 on expiring leases.
For renewal leases, the weighted average net rental rate increased 10.2% to $11.59 per sf, compared with an average net rental rate of $10.52 per sf at lease expiration.
Overall, the REIT reported second-quarter net income of $8.7 million, or 32 cents per diluted share, on total revenue of $41.6 million. That compares with net of $5.8 million, or 22 cents per share, on total revenue of $42.8 million for the same period in 2000.
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.
