September 30, December 31,
2008 2007
Assets
Real estate properties:
Operating real estate properties $529,495 $486,279
Less: Accumulated depreciation (63,154) (44,596)
Total operating real estate
properties, net 466,341 441,683
Construction in progress 10,672 13,380
Total real estate properties, net 477,013 455,063
Cash and cash equivalents 10,637 3,555
Restricted cash 18,388 1,803
Tenant and accounts receivable, net 42,924 2,249
Goodwill and intangible assets, net 308,423 31,589
Other assets 27,689 11,978
Total assets $885,074 $506,237
Liabilities and stockholders' equity
Mortgage notes payable $234,497 $237,504
Revolving credit facility 90,000 79,200
Term loan 100,000 -
Accounts payable 23,185 5,817
Billings in excess of costs and estimated
earnings on uncompleted contracts 27,616 -
Deferred income taxes 40,302 217
Payable to Erdman shareholders 24,003 -
Other liabilities 47,751 21,243
Total liabilities 587,354 343,981
Minority interests 96,090 47,221
Stockholders' eq
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SOURCE Cogdell Spencer Inc. Copyright©2008 PR Newswire. All rights reserved | |
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