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Cogdell Spencer Inc. Reports Third Quarter 2008 Financial Results
Date:11/6/2008

(6,743) (4,101) (18,695) (11,324)

Equity in earnings (loss) of

unconsolidated partnerships 10 2 18 (2)

Total other income (expense) (6,523) (3,916) (17,995) (10,563)

Income (loss) from operations

before income tax (expense)

benefit 78 (2,220) (6,209) (7,025)

Income tax (expense) benefit (883) 19 (143) (151)

Loss from operations (805) (2,201) (6,352) (7,176)

Minority interests in real estate

partnerships (920) (16) (859) (55)

Minority interests in operating

partnership 639 615 2,480 2,226

Net loss $(1,086) $(1,602) $(4,731) $(5,005)

Net loss per share - basic and

diluted $(0.07) $(0.13) $(0.31) $(0.47)

Weighted average common shares -

basic and diluted (1) 15,747 11,934 15,170 10,755

(1) 8 and 15 shares of unvested restricted common stock are anti-dilutive

due to the net loss for the three months ended September 30, 2008 and

2007, respectively. 10 and 18 shares of unvested restricted common

stock are anti-dilutive due to the net loss for the nine months ended

September 30, 2008 and 2007, respectively.

Cogdell Spencer Inc.

Business Segment Reporting

(In thousands)

(unaudited)

Design-

Build

Property and Unallocated

Operations Development and Other Total

Three months ended

September 30, 2008
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SOURCE Cogdell Spencer Inc.
Copyright©2008 PR Newswire.
All rights reserved

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