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Article: Colonial Properties Trust Announces Second Quarter Earnings.

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PR Newswire
Article date:
July 14, 2000
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BIRMINGHAM, Ala., July 14 /PRNewswire/ --

Colonial Properties Trust (NYSE: CLP) announced today its financial and operating results for the quarter ended June 30, 2000. For the quarter, funds from operations (FFO) were $26.5 million, or $0.80 on a per share and unit basis; funds available for distribution (FAD) were $23.9 million, or $0.72 on a per share and unit basis. For the six months ended June 30, 2000, FFO was $51.1 million, or $1.54 on a per share and unit basis; FAD was $46.3 million, or $1.40 on a per share and unit basis.

Reflecting the Company's second quarter activity, total property operating income for the second quarter of ...

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