Total operating expenses 23,403 159,455 - 182,858
36,743 16,166 - 52,909
Other income (expense) 456 137 89 682
Corporate general and
administrative expenses - - (7,848) (7,848)
Interest expense - - (18,695) (18,695)
Provision for income taxes
applicable to funds from
operations modified - - (3,719) (3,719)
Depreciation and amortization - (772) (176) (948)
Earnings from unconsolidated real
estate partnerships, before real
estate related depreciation and
amortization 26 - - 26
Minority interests in real estate
partnerships, before real estate
related depreciation and
amortization (1,128) - - (1,128)
Funds from operations
modified (FFOM) 36,097 15,531 (30,349) 21,279
Amortization of intangibles
related to purchase
accounting, net of
income tax benefit (127) (9,043) 3,576 (5,594)
Funds from operations (FFO) 35,970 6,488 (26,773) 15,685
Real estate related depreciation
and amortization (22,896) - - (22,896)
Minority interests in operating
partnership - - 2,480 2,480
Net income (loss) $13,074 $6,488 $(24,293) $(4,731)
Cogdell Spencer Inc. Reconciliation of Net Loss to Funds from Operations Modified (FFOM) (1)
(In thousands, except per share and unit amounts)
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