Q3 YTD FFO was $175.5 million, or $2.56 per share basic and$2.46 per share diluted, compared to FFO of $144.6 million, or$2.20 per share basic and $2.15 per share diluted for the samenine-month period a year earlier. The weighted average number ofbasic and diluted shares outstanding totaled 68,568,410 and82,599,673, respectively, for the nine months ended September 30,2000 and 65,672,095 and 76,674,436, respectively, for the sameperiod last year.
Revenues were $223.3 million for the quarter and $650.8 millionfor the nine months ended September 30, 2000, compared to revenuesof $202.1 million and $581.4 million for the same periods in1999.
All of this takes place as the REIT prepares for a second publicoffering of some 15 million shares, which could turn around some$600 million. New developments and more acquisitions are targetedfor the capital.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
