The North Miami Beach-based real estate investment trust met a market forecast of 34 cents per diluted share as tracked by Thompson/First Call.
The REIT reported funds from operation of $4.5 million or 34 cents per diluted share on total revenue of $9.9 million for the three months ended June 30, compared with FFO of $3.8 million, or 33 cents per diluted share, on total revenue of $8 million for the same period in 2000.
Net income for the quarter totaled $3.2 million, or 24 cents per diluted share, up from $2.8 million, or 24 cents a share, for the same period in 2000.
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