At Kramont, funds from operations rose 11% to $9.6 million inthird quarter, compared with $8.6 million in the same quarter ayear ago. Net income, however, fell 17% to $6.1 million in thisthird quarter compared with $7.4 million in third-quarter 2003.

The increase in FFO is attributed largely to a $1.2-millionlease termination fee from a major tenant. A non-recurring chargeof $17.7 million related to Kramont's redemption of a series ofpreferred shares is the primary reason for the decline in netincome. For the first nine months of the year, however, Kramont'snet income rose approximately 14% to $20.4 million this year,compared with $17.5 million for the first nine months of lastyear.

Brandywine's third-quarter 2004 FFO dropped 2% to $33.7 million,down from $34.4 million in third-quarter 2003. However, net incomein the most recent quarter rose 18% to $21.2 million, compared with$17.4 million in the comparable quarter a year ago.