FFO after impairments for the second quarter was $19.2 million,down from $68.3 million during the same period in 2008. Through thefirst six months of 2009, FFO totaled $74.2 million, compared to$129.5 million a year earlier.
Excluding impairments, quarterly FFO came to $47.9 million, downfrom $68.3 million a year ago. The impairments include $27.3million for two wholly owned shopping centers, two outparcels and13 properties in its Macquarie CountryWide-Regency II LLCpartnership that are to be sold over the next three years.
Regency's net loss for the quarter was $17.2 million, comparedto net income of $31.9 million a year ago. Six-month net income was$2.4 million, compared to $58.6 million through last year's firsthalf.
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