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Cogdell Spencer Announces Fourth Quarter 2010 Results and Completion of Strategic Plan
Date:3/3/2011

CHARLOTTE, N.C., March 3, 2011 /PRNewswire/ --

Recent Highlights

  • Strategic plan completed and approved
  • Corporate governance changes announced
  • Term loan repaid
  • Revolving line of credit renewed
  • Additional reporting metrics released
  • Fourth quarter 2010 financial results announced

  • Cogdell Spencer Inc. (the "Company" or "we") (NYSE: CSA), healthcare's preferred real estate partner, is a REIT focused on planning, owning, developing, constructing, and managing medical facilities.  Through strategically managed, customized facilities, we help our clients deliver superior healthcare.

    Strategic Plan Completed and ApprovedThrough a defined and disciplined process, we completed our strategic plan.

    Corporate Governance Changes AnnouncedWe announced the 2011 slate of Directors nominees are John R. Georgius, Richard B. Jennings, Christopher E. Lee, David J. Lubar, Richard C. Neugent, Randolph D. Smoak, Jr. M.D., and Raymond W. Braun.  We also adopted a minimum stock ownership plan for management and Directors.

    Term Loan RepaidIn December 2010, we completely repaid the $50.0 million Term Loan.

    Revolving Line of Credit RenewedOn March 1, 2011, we amended and restated our Revolving Line of Credit and it now matures in March 2014 with a one-year extension option.

    Additional Reporting Metrics ReleasedWe released metrics for same store net operating income and our design-build pipeline.  These metrics are in our Supplemental Operating and Financial Data located in the Investor Relations section of our Web site.

    Recent highlights will be covered in detail on our Fourth Quarter 2010 Earnings Call and Webcast.  We encourage people to access the webcast for our slide show presentation.  

    Conference Call and WebcastThe webcast is accessible liv
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    SOURCE Cogdell Spencer Inc.
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