About Anytime FitnessConnecticut Technology Council Announces 2010 Marcum Tech Top 40 Winners
-- Core funds from operations per diluted share ("Core FFO") was $0.30 for the quarter. Funds from Operations per diluted share ("FFO") as defined by the National Association of Real Estate Investment Trusts ("NAREIT") was $0.50 for the quarter and included $57.5 million ($0.22 per share) associated with a net gain on the acquisition of our Dugan Realty, L.L.C. ("Dugan") joint venture partner's 50% interest in industrial assets, and a $5.7 million ($0.02 per share) reduction from adjustments related to the repurchase of preferred stock in the open market.-- Overall portfolio performance improved: -- Overall portfolio occupancy at September 30, 2010 was 88.9 percent, up a full one percent from 87.9 percent at June 30, 2010. -- Tenant retention rate was 78.5 percent for the quarter. -- Over 8.5 million square feet of leases were executed during the quarter. -- Same property net operating income for the three months ended September 30, 2010, increased 1.5 percent.-- Asset and Capital strategy execution: -- Acquisitions completed during the third quarter of 2010 totaled $442.0 million, including the acquisition of our joint venture partner's 50 percent interest in Dugan for $298.2 million. -- $53.7 million face amount of 8.375% Series O preferred stock was repurchased in the open market during the third quarter, at a 7.8 percent yield. -- Dispositions of non-strategic assets during the quarter totaled $42.6 million.-- 2010 Core FFO guidance is being updated to $1.11 to $1.15 per share from previously announced $0.95 - $1.15 per share.Financial Performance -- Core FFO for the third quarter was $0.30 compared with $0.32 for the third quarter of 2009. The change is primarily attributable to an increase in the company's weighted average share count resulting from its June 2010 Tory Burch Shoes common equity offering. FFO as defined by NAREIT was $0.50 for the third quarter 2010 and a loss of ($1.02) for the third quarter 2009. Included in the $0.50 per share for 2010 is $57.5 million ($0.22 per share) associated with a net gain on the acquisition of our joint venture partner's 50% interest in Dugan, and a $5.7 million ($0.02 per share) reduction from adjustments related to the repurchase of preferred stock in the open market. Included in the 2009 third quarter FFO loss of $1.02 were non-cash impairment and related charges of $297.1 million ($1.28 per share), and $13.6 million ($0.06 per share) of losses on Tory Burch Shoes debt transactions. A reconciliation of FFO as defined by NAREIT to Core FFO is included in the Financial Performance section of this release.-- Net income per diluted share (EPS) for third quarter 2010 was $0.13, as compared to a loss of $1.44 for the same quarter in 2009. Third quarter 2010 EPS was positively impacted by the $57.5 million gain on the acquisition of our joint venture partner's 50% interest in Dugan as noted above. The loss in 2009 was primarily attributable to the impairment and other non-cash charges and losses on debt transactions recognized in the third quarter of 2009.Portfolio Performance Tory Burch Shoes Operational highlights include:Fitch's dual-party pay criteria consider the likelihood of the failure of both a rated obligor and a bank LOC provider. The methodology results in a long-termChristian Louboutin Shoes
Christian Louboutin Shoes