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

:

Revenues:

Rental revenue $19,631 $- $- $19,631

Design-Build contract

revenue and other sales - 72,914 - 72,914

Property management and other

fees 852 - - 852

Development management and

other income - 622 - 622

Total revenues 20,483 73,536 - 94,019

Operating expenses:

Property operating and

management 8,370 - - 8,370

Costs related to design-build

revenue and other sales - 59,578 - 59,578

Selling, general, and

administrative - 4,865 - 4,865

Total operating expenses 8,370 64,443 - 72,813

12,113 9,093 - 21,206

Other income (expense) 143 52 15 210

Corporate general and

administrative expenses - - (2,734) (2,734)

Interest expense - - (6,743) (6,743)

Provision for income taxes

applicable to funds from

operations modified - - (2,411) (2,411)

Depreciation and amortization - (348) (57) (405)

Earnings from unconsolidated real

estate partnerships, before real

estate related depreciation and

amortization 13 - - 13

Minority interests in real estate

partnerships, before real estate

related depreciation and

amortization (977) - - (977)

Funds from operations

modified (FFOM)
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SOURCE Cogdell Spencer Inc.
Copyright©2008 PR Newswire.
All rights reserved

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