Funds from operations in the quarter totaled $27.2 million versus $37.5 million in the same 2001 period. On a diluted per-share basis, FFO was 65 cents compared to 87 cents previously. Year-to-date, FFO per share was $2.02 against $2.66 in the prior year.

Third-quarter net income was $3.3 million or nine cents per diluted share versus $24.4 million or 64 cents a year ago. Year-to-date net income was $39.6 million or $1.07 per diluted share compared to $77.44 million or $2 in the same 2001 period.

Total revenue from continuing operations was $86.7 million for the quarter versus $93.8 million previously. Year-to-date revenue was $254.9 million compared to $287.7 million in the prior year.

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
NOT FOR REPRINT

© 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.