For the fourth quarter, Alexandria reported FFO of $15.4 million on total revenues of $33.6 million compared to FFO of $12.9 million on total revenues of $29.5 million for the fourth quarter of 2000. Comparing the fourth quarter of 2001 to the fourth quarter of 2000, total revenues increased 14%, FFO increased 19% and FFO per share (diluted) increased 13%.

The company says that it had signed a total of 19 leases during the fourth quarter for approximately 145,000 sf of space at 13 different properties. Of this total, approximately 90,000 sf was for previously vacant space at nine properties, which included leasing approximately 70,000 sf at six properties in the company's redevelopment program.

The remaining 55,000 sf was for new or renewal space with rental rates on average approximately 24% higher than expiring leases. For the year ended December 31, 2001, the company signed a total of 67 leases for approximately 942,000 sf of space. Of this total, approximately 287,000 sf was for previously vacant space at 15 properties, which included leasing approximately 260,000 sf at 13 properties in the company's redevelopment program.