Arvida posted net earnings before interest, taxes, depreciationand amortization of $15.9 million versus $14.4 million in the same2000 period, an increase of 10%.

Arvida Realty Services, another division, generated net EBITDAof $8.6 million compared with $6.1 million in third quarter 2000.ARS posted gross revenue of $77.1 million, a 14% increase over the$67.5 million logged in third quarter 2000.

"Despite the event of Sept. 11, demand remained strong for ourNorthwest Florida products, on and off the beach," St. Joechairman/CEO Peter S. Rummell says in a prepared statement.

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