Net income attributable to common shareholders was close to last year-- $13.1 million or 40 cents a share on a diluted basis, compared to $12.9 million or 40 cents a share.
The company says it is comfortable with the First Call consensus range of funds from operations per share on a diluted basis of $1.37 to $1.40 in 2001 based on several assumptions, including the delivery of about $104.8 million of projects at an aggregate yield of 9.4%.
Other factors include no additional impairment charges related to non-operating real estate assets and no charges related to settlement of pending litigation.
JDN is paying a quarterly dividend of 30 cents per share ($1.20 annualized) on its common and preferred stock for the quarter ending June 30.
The quarterly dividend for the 9 3/8% series A cumulative redeemable preferred stock of 58 cents per share ($2.3 per share annualized) is payable June 29 to shareholder on June 15.
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David Wilkening
David Wilkening began his long journalism career as a police reporter for Chicago-area newspapers. He became a writer-editor for major newspapers in Chicago, Washington, Detroit and Florida. He has been a business editor, political editor and travel editor for newspapers and magazines. He tried for a while to be a political operative but did better as an adjunct college professor teaching English and journalism. He is the author of several books, both ghost-written and under his own name. He is also a widely published freelance writer who currently lives in Orlando.
