Mill's troubles were made public, for the most part, last yearwhen third-quarter NOI fell 5.2%, to $104.7 million, from the sameyear-ago period, while FFO dropped 53.6%, to $0.45 per share. Thoseplunges were due, in part, to a variety of charges taken on inregard to projects in the company's pipeline and failure to collectsome rents.

The company, which owns 42 retail properties in the US andEurope, was contacted by the SEC in January and is now restatingearnings from 2000 to the first three quarters of last year. Now,the company's executives have announced that they do not plan tofile an annual report by their March 16 deadline and gave nospecific date when they expect to file any financial documents.

Mills' lenders have set an April 6 deadline for the restatementof financial filings, but executives are seeking an extension. Acompany statement does say that last year's earnings and FFO "willbe significantly below the market's expectations" and that priorguidance should not be relied upon.