The net loss of $1.8 million is significantly lower than the netloss experienced in Q2 2008. Forest City saw a net loss thatquarter of $8.4 million, or $0.08 per share. Net loss for the firsthalf totaled $32.5 million, or $0.26 per share, compared with $48.8million, or $0.47 per share during the first half of 2008.

Q2 earnings before depreciation, amortization and deferred taxestotaled $95.5 million, an 8.1% increase when compared to Q2 2008'sEBDT of $88.3 million. Year-to-date EBDT was $137.1 million, a31.4% increase compared to $104.3 million for the first half of2008.

President and CEO Charles Ratner told investors on a conferencecall this morning that despite the decline in numbers the companyremained focused on the five main areas it outlined at thebeginning of the year. Those focus areas include curtailingdevelopment, driving costs out, raising capital, proactivelymanaging debt securities and taking advantage of opportunitiescreated by the current market conditions.