Total revenue of $28.3 million was up over $26.5 million reported previously. Diluted funds from operations were 34 cents per share against 32 cents in the same period last year. FFO was $11.7 million versus $10.5 million a year ago.
The company's reserve fund took an $800,000 charge for abandoned projects. For all of 2002, JDN expects FFO per share to be $1.20 to $1.25.
That projection is based on the company being able to deliver $92.1 million sf of new projects during the rest of the year at an aggregate yield of 9.6%, JDN president/CEO Craig Macnab says in a prepared statement.
Continue Reading for Free
Register and gain access to:
- 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
© 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.
