Arden Realty Inc. Reports Fourth Quarter 2000 FFO Per Share Growth of 12.1%.

Publication: Business Wire

Bookmark this article Print this article Link to this article Email this article Digg It! Add to del.icio.us RSS

COPYRIGHT 2001 Business Wire

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Jan. 31, 2001

Arden Realty Inc. (NYSE:ARI), a Los Angeles-based office real estate investment trust, today reported Funds From Operations (FFO) for the fourth quarter of 2000 of $48.7 million or $.74 per share on a fully diluted basis and $185.1 million or $2.82 per share on a fully diluted basis for the year ended Dec. 31, 2000, compared with FFO of $43.2 million or $.66 per share on a fully diluted basis for the fourth quarter of 1999 and $170.4 million or $2.60 per share on a fully diluted basis for the year ended Dec. 31, 1999.

This represents a 12.1% increase in FFO per share for the fourth quarter of 2000 compared to the fourth quarter of 1999 and an 8.5% increase in FFO per share on a year-to-year basis.

Revenues for the fourth quarter of 2000 were $104.0 million and $388.1 million for the year ended Dec. 31, 2000, compared with $89.8 million for the fourth quarter of 1999 and $340.7 million for the year ended Dec. 31, 1999.

Net income for the fourth quarter of 2000 was $26.6 million, or $.42 per share on a fully diluted basis and $96.7 million or $1.52 per share on a fully diluted basis for the year ended Dec. 31, 2000, compared with $23.7 million or...

Read the full article for free courtesy of your local library.