Net income for the quarter includes a net loss of $7.9 million from its investment in Toys "R" Us and a $17.6 million net gain on sale of real estate. Funds from Operations applicable to common shareholders for the quarter was $230.4 million or $1.49 per share, compared to $215.8 million or $1.51 per diluted share in the same period last year.
Revenues for the quarter rose to $663 million from $591.5 million in the second quarter last year. Net income applicable to common shares for the six months ended June 30, 2006 was $283.6 million, or $1.90 per diluted share, versus $360.1 million, or $2.63 per diluted share, for the six months ended June 30, 2005. Revenues for the first half of the fiscal rose to $1.31 billion from $1.18 billion in the same period the previous year.
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