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Article: Great Lakes REIT Reports $0.58 EPS and $0.50 FFO Per Common Share for Third Quarter 2002.
- Article from:
- Business Wire
- Article date:
- November 1, 2002
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Business Editors
OAK BROOK, Ill.--(BUSINESS WIRE)--Nov. 1, 2002
Great Lakes REIT (NYSE: GL):
Great Lakes REIT Third Quarter Highlights
-- Net Income of $9.5 million, or $0.57 per common share
-- Funds From Operations (FFO) of $8.2 million, or $0.50 per common share
-- EBITDA of $13.1 million
-- Average occupancy of 83% for the third quarter of 2002
-- Lease rates increased 12% on spaces that were renewed or re-leased in 2002
-- Monthly cash dividend of $0.135 per common share paid in August, September and October 2002.
Great Lakes REIT (NYSE: GL), a real estate investment trust which holds a portfolio of Midwestern ...