Third quarter earnings carried a $37.2 million charge for investments in temperature controlled facilities in North America. The charge will be partially offset by a $10 million gain on the sale of the facilities that will be recognized in the fourth quarter. Its funds from operations, the most watched measurement for REITs, was unchanged at 60 cents per share, but one cent less than the consensus estimate from Thomson First Call.

And for the first nine months of the year, the FFO per diluted share increased 1.7% to $1.78, compared with $1.75 per share for the same period in 2001, prior to a non-recurring charge of 4 cents per share taken in the second quarter of 2001 related to an impairment adjustment for technology investments.

Year-to-date net earnings were $137 million, or 76 cents per diluted share, from $137.5 million, or 79 cents per diluted share in the comparable period of 2001.