October 26, 1998
Capital Auto REIT 3Q Funds
From Ops 28c/Diluted Shr
Dow Jones Newswires
Capital Automotive REIT - McLean, Va.
3rd Quar Sept. 30:
1998 a 1997
Revenue $10,363,000 ....
Net income 5,221,000 ....
Avg shrs (basic) 24,713,000 ....
Avg shrs (diluted) 24,713,000 ....
Shr earns (basic)
Net income .21 ....
Shr earns (diluted)
Net income .21 ....
Funds from opers 8,549,000 ....
Per shr .28 ....
9 Months:
Revenue 22,229,000 ....
Net income 11,670,000 ....
Avg shrs (basic) 20,597,000 ....
Avg shrs (diluted) 20,665,000 ....
Shr earns (basic)
Net income .57 ....
Shr earns (diluted)
Net income .56 ....
Funds from opers 17,839,000 ....
Per shr .71 ....
a. Unavailable. The company completed its initial public
offering in February.
Capital Automotive REIT (CARS) completed $149
million in acquisitions in the latest quarter and a total of
$413 million in acquisitions in the latest nine months.
As of Sept. 30, the company owned 96 properties.
Capital Automotive believes it is positioned for strong
performane in 1999.
In addition, the company's board of trustees declared a
cash dividend of 27 cents a share for the latest quarter.
The dividend is payable Nov. 20 to shareholders of
record Nov. 9. |
