CHARLOTTE, N.C., Nov. 6 /PRNewswire-FirstCall/ -- Cogdell Spencer Inc. (NYSE: CSA), a real estate investment trust (REIT) that invests in specialty office buildings for the medical profession, including medical offices, ambulatory surgery and diagnostic centers, today announced financial results for the quarter ended September 30, 2007.
Third Quarter 2007 Results
Cogdell Spencer Inc. reports Funds from Operations (FFO) per share and operating partnership unit of $0.30 and net loss per share of ($0.13) for the three months ended September 30, 2007.
FFO for the three months ended September 30, 2007 was $5.0 million, or $0.30 per share and operating partnership unit, basic and diluted. The weighted average number of basic and diluted shares and operating partnership units outstanding totaled 16,529,682 and 16,544,774, respectively, for the quarter ended September 30, 2007.
Net loss was ($1.6 million) for the three months ended September 30, 2007, or ($0.13) per share basic and diluted. The weighted average number of basic and diluted shares outstanding totaled 11,934,164 for the quarter ended September 30, 2007.
As of September 30, 2007, the Company's portfolio consisted of 55 wholly- owned properties and five joint venture properties, comprising a total of approximately 3.2 million square feet. The overall percentage of leased space at the Company's in-service, wholly-owned properties as of September 30, 2007, was 94.2%. In addition, the Company manages 57 properties for third party clients totaling approximately 2.5 million square feet.
Results for the Nine Months Ended September 30, 2007
FFO for the nine months ended September 30, 2007 was $13.2 million, or
$0.86 per share and
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