However, the payout ratio of 69% of funds from operations for thepast quarter is down from 73% for the first quarter of 2002.
The company results from first quarter 2003 increased 13.3% to$3,637,000, compared with funds from operations in the first quarter of 2002of $3,209,000.
Net incomes for the company increased 15.5% to $2,244,000, and totalrevenues increased 13.8% to $7,019,000, both compared with firstquarter 2002.
The real estate investment trust has a portfolio of 49 properties, withapproximately 3.7 million sf of gross leasable area in 13 states.
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