EQK Realty Investors I second quarter results.ATLANTA--(BUSINESS WIRE)--August 14, 1995--EQK Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Investors I (NYSE NYSE See: New York Stock Exchange symbol EKR eKr Ennen Kristusta (Finnish: Before Christ) EKR Eigenkapitalrendite (German: Return on Equity) ) today reported its operating results for the three months ended June 30, 1995, reporting a net loss of $890,000, or $0.10 per share, and Funds from Operations Funds From Operations (FFO) Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. of $843,000, or $0.09 per share. For the second quarter of 1994, the net loss was $621,000, or $0.07 per share, and Funds from Operations was $938,000, or $0.10 per share. For the six months ended June 30, 1995, the Company's net loss was $2,018,000, or $0.22 per share, and Funds from Operations was $1,455,000, or $0.16 per share. For the comparable period in 1994, the net loss was $1,549,000, or $0.17 per share, and Funds from Operations was $1,590,000, or $0.17 per share. The Company's real estate portfolio currently consists of two properties: Harrisburg East Mall in Harrisburg, Pennsylvania This article is about the capital city of the Commonwealth of Pennsylvania. For other places named Harrisburg, see Harrisburg (disambiguation). Harrisburg is the capital of the Commonwealth of Pennsylvania, a state of the United States of America. and Castleton Commercial Park in Indianapolis, Indiana “Indianapolis” redirects here. For other uses, see Indianapolis (disambiguation). Indianapolis (IPA: [ˌɪndiəˈnæpəlɪs]) is the capital city of the U.S. . The Company's operating statements operating statement See income statement. follow. -0-
EQK REALTY INVESTORS I
Statements of Operations
(in thousands, except per share amounts)
Three months ended Six months ended
June 30, June 30,
1995 1994 1995 1994
Revenues from rental operations $4,113 $4,169 $8,079 $8,187 Operating expenses, net of tenant reimbursements 1,411 1,421 2,862 2,908 Depreciation and amortization 1,215 1,150 2,444 2,335 Income from rental operations 1,487 1,598 2,773 2,944 Interest expense 2,152 2,028 4,296 4,042 Other expenses, net of interest income 225 191 495 451 Net loss (890) (621) (2,018) (1,549) Plus: Non-cash expenses: Depreciation/amortization 1,215 1,150 2,444 2,335 Imputed and deferred interest 518 409 1,029 804 Funds from Operations $843 $938 $1,455 $1,590 Loss per share $(0.10) $(0.07) $(0.22) $(0.17) Funds from Operations per share $0.09 $0.10 $0.16 $0.17 NOTE: Per share calculations are based on 9,264,344 shares outstanding for all periods presented. CONTACT: EQK Realty Investors I William G. Brown William Gay Brown can refer to:
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