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Strategies & Market Trends : Capital Automotive REIT (CARS).
CARS 10.75+1.3%3:59 PM EDT

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To: Paul Lee who started this subject2/6/2001 8:49:02 AM
From: Paul Lee   of 46
 
Capital Automotive Reports Record Results -- Third Straight Year of Double Digit Growth


MCLEAN, Va., Feb. 6 /PRNewswire/ --

12th Consecutive Quarter of Revenue, AFFO and Dividend Growth

Highlights:

-- Fourth quarter year-over-year total revenues increased 10% to

26.9 million. Year-over-year total revenues increased 36% to

103.2 million.

-- Fourth quarter adjusted funds from operations (funds from operations

excluding straight-lined rents) ("AFFO") increased 7% to $0.44 per

diluted share compared to the same quarter last year.

-- 2000 AFFO increased 15% to $1.73 per diluted share compared to 1999.

-- Annual dividends declared for the year of $1.50 per share, a

9% increase over 1999.
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