November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$7.0 $2.8 $13.3 $7.8 FFO/shr (diluted)$0.37 $0.35 $1.09 $0.98 Net Income $5.6 $1.8 $9.9 $5.2 Net/shr$0.20 $0.23 $0.94 $0.87 Revenue (mln)$28.1 $8.6 $48.7 $24.7 Shares Out. (mln)18.8 8.0 12.2 8.0
November 16, 2000 ATLANTA – Lodgian Inc. (NYSE:LOD) said it will report its third-quarter financial results on or about Nov. 30 and will file those results with regulators by Dec. 15.The delay – the third quarter ended Sept....
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$3.8 $1.9 $12.3 $5.0 FFO/shr (diluted)$0.32 $0.34 $1.02 $0.92 Net Earnings $1.6 $0.82 $5.2 $3.0 Net/shr$0.15 $0.17 $0.47 $0.63 Revenue (mln)$8.8 $14.9 $24.9 $40.0 Shares Out. (mln)----- ----- ---- ----
November 16, 2000 AMI Capital Inc. has provided a $14.9 million construction/permanent loan for a 220-unit apartment complex in suburban Denver.The loan allows for the construction of Westridge in Aurora, Colo. The complex is expected to be completed...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$7.8 $10.6 $24.9 $32.0 FFO/shr (diluted)$0.30 $0.38 $0.93 $1.10 Net Income $2.8 $1.8 $15.6 $23.0 Net/shr$0.11 $0.07 $0.59 $0.90 Revenue (mln)$34.0 $36.7 $103.2 $109.1 Shares Out. (mln)26.7 26.1 26.7 25.5
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$24.4 $19.9 $64.5 $57.0 FFO/shr (diluted)$1.24 $1.03 $3.31 $2.96 Net Income $10.9 $8.5 $27.4 $23.6 Net/shr$0.67 $0.53 $1.70 $1.48 Revenue (mln)$44.6 $40.2 $126.2 $116.0 Shares Out. (mln)19.6 19.3 19.5 19.2
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$1.7 $1.6 $5.2 $4.6FFO/shr (diluted)$0.34 $0.32 $1.02 $0.89 Net Income $0.6 $0.5 $2.0 $1.5 Net/shr$0.12 $0.10 $0.38 $0.29 Revenue (mln)$5.9 $5.7 $17.6 $15.7 Shares Out. (mln)5.1 5.2 5.1 5.2
November 16, 2000 First Union National Bank Commercial Mortgage Trust 2000-C2ClassAmount($mln)Sub. Level(%)RatingFitchRatingS&PAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-1187.423.5AAAAAA5.8+28 area+28SwapsA-2686.823.5AAAAAA9.7+40 area+40SwapsB55.718.625AAAA9.9+55 area+55SwapsC42.814.875AA9.9+70 area+70SwapsD17.113.375A-A-9.9+80 area+80SwapsE18.611.75BBB+BBB+9.9+110 area+115SwapsF17.110.25BBBBBB9.9+120 area+125SwapsG14.3.59BBB-BBB-9.9S+160 areaT+290--X*1,1430AAAAAA9.15+350**+365**Curve* Interest only, notional amount.** At 100 percent CPR. The junior classes were retained by First Union.Classes H, J,...
November 16, 2000 Plans for tower ditched in favor of 2 buildingsAtlanta Journal-Constitution, November 16ATLANTA – Hines has scrapped plans to building a 42-story office tower to develop two 15- to 18-story office buildings that each contain about...
November 16, 2000 WALTHAM, Mass. – Polaroid Corp. has hired Grubb & Ellis Co. to market its four-building office and manufacturing.The 536,000-square-foot complex could fetch "in excess of $100 million," Grubb & Ellis' senior vice president, Jack Kerrigan,...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$2.2 $2.5 $6.7 $7.3 FFO/shr (diluted)$0.28 $0.38 $0.97 $1.11 Net Income (mln) $(0.2) $0.6 $0.7 $1.8 Net/shr$(0.03) $0.11 $0.12 $0.33 Revenue (mln)$5.6 $3.8 $14.5 $11.1 Shares Out. (mln)6.65.6 5.95.5
November 16, 2000 SAN MATEO, Calif. – Franklin Select Realty Trust (OTC BB:FSNR) has declared a a final liquidating distribution of $1.24 per share. The distribution will be paid on Dec. 11 to shareholders of record Dec. 1....
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$13.9 $26.2 $36.0 $81.1 FFO/shr (diluted)$0.15 $0.38 $0.35 $1.12 Net Income $(18.8) $0.5 $(57.6) $16.6 Net/shr$(0.43) $0.01 $(1.32) $0.06 Revenue (mln)$71.4 $76.9 $212.8 $230.8 Shares Out. (mln)54.4 54.2 54.3 55.6
November 16, 2000 LOS ANGELES – The California Public Employees' Retirement System will invest an additional $250 million in California urban real estate.The investment, through the California Urban Real Estate Initiative, was one of many decisions made at...
November 16, 2000 (NewsTraders.com) – Banyan Strategic Realty Trust (Nasdaq:BSRTS) was marked down to hold from buy Thursday by McDonald Investments analyst Anatole Pevnev.Pevnev said he downgraded the Chicago-based REIT primarily due to its impending liquidation, which has...
November 16, 2000 NEW YORK – Standard & Poor's has upgraded two classes in Credit Suisse First Boston Mortgage Securities Corp.'s 1998-FL1 commercial-mortgage and affirmed class AX.The rating agency raised class B to triple-A from double-A-minus and class...
November 16, 2000 NEW YORK – Equity Office Properties Trust (NYSE:EOP) yesterday priced $1 billion of debt in two parts through lead manager Morgan Stanley Dean Witter.The issue was increased from an original $800 million amount.Goldman Sachs co-lead...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$0.42 $0.32 $1.2 $0.92 FFO/shr (diluted)$0.17 $0.16 $0.52 $0.52 Extra Gain (Loss) $2.6 $---- $2.6 $---- Net Income (mln) $2.4 $0.30 $2.6 $133.3 Net/shr$0.95 $0.02 $1.13 $0.08 Revenue (mln)$1.9 $1.7...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$(1.1) $7.3 $7.9 $30.7 FFO/shr (diluted)$(0.04) $0.23 $0.25 $0.83 Net Income (mln) $(39.1) $9.1 $(42.9) $11.8 Net/shr$(1.21) $0.28 $(1.33) $0.37 Revenue (mln)$31.5 $31.6 $93.6 $101.1 Shares Out. (mln)32.3 32.1 32.3...
November 16, 2000TORONTO – Revenue Properties Co. Ltd. (Nasdaq: RPCLF) (TSE:RPC) has retained TD Securities Inc. as its financial advisers and Goodman Phillips & Vineberg LLP as its legal advisers in connection with an unsolicited partial take-over bid...
November 16, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99Net Earnings $28.0 $29.4 $92.7 $70.3 Net/shr$0.22 $0.24 $0.72 $0.73 Rental Revenue (mln)$75.8 $65.2 $219.7 $159.9 Shares Out. (mln)130.2 121.7 ------ ------
November 15, 2000 NEW YORK – Standard & Poor's is dropping Pacific Gulf Properties (NYSE:PAG) from its S&P REIT Composite Index and replacing the company with PS Business Parks (AMEX:PSB).Pacific Gulf shareholders earlier this month approved the company's...
November 15, 2000 HOUSTON – Crescent Real Estate Equities Co. (NYSE:CEI) has sold the 400-key Four Seasons Hotel for about $105 million to Maritz, Wolff & Co. of St. Louis.The hotel, which is in the company's Houston Center...
November 15, 2000 Prudential Real Estate Investors is investing $100 million for an equity stake in a joint venture with Barker Pacific Group, which is developing office space at a former military base north of San Francisco. The...
November 15, 2000 3rd-Qtr 003rd-Qtr 999-mos 009-mos 99FFO (mln)$1.9 $2.4 $6.1 $7.3 FFO/shr (diluted)$0.20 $0.25 $0.66 $0.75 Net Income (mln) $.9 $1.3 $(2.4) $4.0 Revenue (mln)$6.3 $6.6 $19.4 $19.3 Shares Out. (mln)9.3 9.8 9.39.8
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