Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the debt and equity markets, click here.)

ORLANDO-Commercial Net Lease Realty Inc. has ended a booming first half, reporting higher earnings, revenue and funds from operations compared to the same periods a year ago, according to Kevin B. Habicht, the REIT’s chief financial officer.

CNLR posted second-quarter net earnings of $27.69 million versus $11.31 million in the same period a year ago. For the six months, the locally based REIT reported $52.69 million versus $26.16 million in the comparable 2004 period.

Second-quarter revenue totaled $36.37 million versus $32.54 million in second quarter 2004. First-half revenue totaled $69.35 million compared to $62.2 million in the same 2004 period.

FFO available to common shareholders in the second quarter totaled $20.43 million versus $14.8 million in same 2004 period. First-half FFO totaled $40.03 million compared to $33.2 million in first half 2004. FFO per diluted common share totaled 38 cents versus 29 cents a year ago at this time. For the six months ended June 30, FFO per diluted common share was 75 cents versus 65 cents in the same 2004 period.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.