FFO was up 1.1% over the second quarter of 1999, whereasrevenues jumped 28.8% compared to that period in 1999. The weightedaverage number of common shares outstanding totaled 20.97 million,exactly 1,000 shares less than that registered one yearearlier.
For the first half of 2000, Beacon registered a 54.7% increasein FFO, from $8.43 million at mid-year 1999 to $13.04 million thisyear. At $31.9 million, revenues were up 67.6% compared to thefirst half of 1999.
Founded in 1998 by Beacon Properties Corp. executives Alan M.Leventhal and Lionel P. Fortin after their company was bought byEquity Properties, Beacon Capital now has 2.7 million sf of officeand industrial space spread throughout the country. Comprising 41buildings, the portfolio is 91% occupied, while Beacon also hasanother 840,000 sf of space under construction.
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