American said a comparison of operating results between 2002 and 2001 "is not meaningful" because the 2002 results reflect the operations of several combined entitites, but the results for the second quarter of 2001 consisted of the operations of only one of those entities.
For the six months ended June 30, the company reported a net loss of $3.583 million, or 65 cents per common share, after reflecting depreciation of $5.9 million and non cash compensation charges of $515,000. For the six months ended June 30, American recorded rental revenue of $20.159 million that consisted of $10.283 million for the second quarter and $9.876 million for the first.
American owns 34 office, office/warehouse, apartment and retail properties totaling more than 3.8 million sf in California, Texas, Arizona, South Carolina and the Midwest.
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