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Article: Great Lakes REIT Reports $0.31 EPS and $0.55 FFO Per Common Share for Second Quarter 2002.
- Article from:
- Business Wire
- Article date:
- August 1, 2002
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Business Editors
OAK BROOK, Ill.--(BUSINESS WIRE)--Aug. 1, 2002
Great Lakes REIT (NYSE: GL).
Great Lakes REIT Second Quarter Highlights
-- Net Income of $5.2 million, or $0.31 per common share
-- Funds From Operations (FFO) of $9.1 million, or $0.55 per common share
-- EBITDA of $14.0 million
-- Average occupancy of 84% for the second quarter of 2002
-- Lease rates increased 15% on spaces that were renewed or re-leased in 2002
-- Quarterly cash dividend of $0.40 per common share, paid July 2, 2002
Great Lakes REIT (NYSE: GL), a real estate investment trust which holds a portfolio of Midwestern office properties, ...