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

uity 201,630 115,035

Total liabilities and stockholders'

equity $885,074 $506,237

Cogdell Spencer Inc.

Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

(unaudited)

For the Three For the Nine

Months Ended Months Ended

Sept. 30, Sept. 30, Sept. 30, Sept. 30,

2008 2007 2008 2007

Revenues:

Rental revenue $19,631 $16,399 $57,622 $45,344

Design-Build contract revenue

and other sales 72,914 - 174,870 -

Property management and other

fees 852 874 2,524 2,644

Development management and

other income 622 25 751 276

Total revenues 94,019 17,298 235,767 48,264

Expenses:

Property operating and

management 8,370 6,797 23,403 18,766

Costs related to design-build

revenue and other sales 59,578 - 146,907 -

Selling, general, and

administrative 7,599 1,532 20,396 5,296

Depreciation and amortization 11,871 7,273 33,275 20,664

Total expenses 87,418 15,602 223,981 44,726

Income from operations before

other income (expense) 6,601 1,696 11,786 3,538

Other income (expense):

Interest and other income, net 210 183 682 763

Interest expense
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SOURCE Cogdell Spencer Inc.
Copyright©2008 PR Newswire.
All rights reserved

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