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Cogdell Spencer Inc. Announces Increased Earnings in 2008, Cautious Outlook for 2009
Date:2/25/2009

and other sales 67,112 - 214,019 - Selling, general, and administrative 9,819 2,069 30,215 7,365 Depreciation and amortization 11,741 7,094 45,016 27,758 -------- --------- -------- -------- Total expenses 96,644 16,100 320,626 60,827 -------- --------- -------- -------- Income from operations before other income (expense) 3,328 2,366 15,114 5,873 Other income (expense): Interest and other income, net 239 400 922 1,194 Interest expense (6,463) (4,640) (25,159) (15,964) Equity in earnings of unconsolidated partnerships 4 23 22 20 -------- --------- -------- -------- Total other income (expense) (6,220) (4,217) (24,215) (14,750) -------- --------- -------- -------- Loss from operations before income tax (expense) benefit (2,892) (1,851) (9,101) (8,877) Income tax (expense) benefit 1,387 34 1,244 (117) -------- --------- -------- -------- Loss from operations (1,505) (1,817) (7,857) (8,994) Minority interests in real estate partnerships (105) (30) (964) (85) Minority interests in operating partnership 568 512 3,048 2,738 - -------- --------- -------- -------- Net loss $(1,042) $(1,335) $(5,773) $(6,341) ======== ========
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SOURCE Cogdell Spencer Inc.
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