In millions, except per share items | Jun-30-04 | Mar-31-04 | Dec-31-03 | Sep-30-03 | Jun-30-03 | Mar-31-03 | Dec-31-02 | Sep-30-02 |
| 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q |
Revenues: |
Property Management | 5.7 | 5.2 | | 5.3 | 4.9 | 4.6 | 3.6 | 7.1 |
Property management and leasing fees | 3.2 | 3.3 | | 3.2 | 3.5 | 3.7 | | 6.5 |
Sales of residential real estate | 1.9 | 9.0 | | | | | | |
Investments | 2.7 | 9.9 | | 0.7 | 1.2 | 1.2 | 2.9 | 1.3 |
Other | | | | | | | 2.3 | |
Total revenues | 8.9 | 17.5 | 7.9 | 6.9 | 6.2 | 6.2 | 8.8 | 14.1 |
Revenue growth [+] | 42.9% | 183.3% | -10.8% | -51.4% | -46.9% | -38.7% | -16.6% | -4.6% |
Property Management | 16.8% | 13.0% | | -24.7% | -15.2% | -18.8% | -47.0% | -2.8% |
Property management and leasing fees | -8.7% | -10.2% | | -50.9% | -39.8% | -36.0% | | -24.2% |
Investments | 132.1% | 747.3% | | -45.2% | 23.7% | 15.1% | | -46.2% |
Commissions | | 128.0% | | -75.8% | | -75.9% | | 82.5% |
Cost of goods sold | 4.1 | 5.3 | 4.4 | 4.3 | 4.6 | 4.3 | 7.0 | 6.5 |
Gross profit | 4.7 | 12.1 | 3.5 | 2.6 | 1.6 | 1.8 | 1.8 | 7.6 |
Gross margin | 53.3% | 69.4% | 44.7% | 37.8% | 25.3% | 29.9% | 20.7% | 54.2% |
Selling, general and administrative [+] | 2.1 | 1.8 | 2.1 | 2.2 | 3.4 | 2.2 | 2.5 | 2.9 |
General and administrative | 2.1 | 1.8 | 2.1 | 2.2 | 3.4 | 2.2 | 2.5 | 2.9 |
Equity in earnings | | | -2.4 | 1.8 | | | -4.1 | 1.6 |
Other operating expenses | 1.6 | 8.9 | -0.9 | 0.7 | -3.0 | -0.7 | -7.3 | 4.6 |
EBITDA [+] | 1.6 | 1.9 | 0.6 | 2.2 | 2.0 | 1.0 | | 2.7 |
EBITDA growth | -20.8% | 87.9% | -76.0% | -17.1% | -13.1% | -86.5% | 68.1% | 1.1% |
EBITDA margin | 17.9% | 11.1% | 8.0% | 32.7% | 32.3% | 16.7% | 29.7% | 19.2% |
Depreciation and amortization | 0.6 | 0.6 | 0.8 | 0.8 | 0.8 | 0.7 | | 0.9 |
EBIT [+] | 1.0 | 1.4 | -0.1 | 1.5 | 1.2 | 0.3 | 2.6 | 1.8 |
EBIT growth | -15.4% | 312.3% | -104.9% | -19.0% | -19.8% | -95.0% | 68.1% | 6.7% |
EBIT margin | 11.6% | 7.9% | -1.6% | 21.4% | 19.6% | 5.4% | 29.7% | 12.8% |
Interest expense | 0.9 | 0.9 | 0.4 | 0.3 | 0.3 | 0.5 | 0.7 | 0.7 |
Interest expense | 0.9 | 0.9 | 0.4 | 0.3 | 0.3 | 0.5 | 0.7 | 0.7 |
Other income (expense), net | | | 0.3 | | 0.5 | 0.5 | -0.5 | |
Pre-tax income | 0.2 | 0.5 | -0.2 | 1.2 | 1.5 | 0.3 | 1.5 | 1.1 |
Income taxes | -0.3 | -0.9 | -0.3 | 0.5 | -2.9 | -0.5 | 0.5 | 0.4 |
Tax rate | | | 138.1% | 40.0% | | | 35.8% | 35.8% |
Minority interest | | | | | | | | -2.2 |
Earnings from continuing ops | 0.5 | 1.4 | 0.1 | 0.7 | 4.3 | 0.7 | 0.9 | 0.7 |
Earnings from discontinued ops | 0.0 | -0.1 | -0.2 | | 4.3 | 0.0 | | |
Net income | 0.5 | 1.4 | -0.1 | 0.7 | 0.0 | 0.7 | 0.9 | 0.7 |
Net margin | 5.8% | 8.1% | -1.5% | 10.6% | 0.0% | 12.1% | 10.6% | 5.2% |
|
Basic EPS [+] | $0.09 | $0.21 | $0.01 | $0.09 | $0.52 | $0.08 | | $0.08 |
Growth | -83.1% | 163.0% | | 21.4% | 770.0% | -82.6% | | 2.2% |
Diluted EPS [+] | $0.08 | $0.20 | $0.01 | $0.09 | $0.51 | $0.08 | | $0.07 |
Growth | -84.8% | 149.7% | | 20.5% | 856.9% | -80.7% | | 3.6% |
|
Shares outstanding (basic) [+] | 5.9 | 6.7 | 8.4 | 8.0 | 8.4 | 9.5 | | 9.8 |
Growth | -29.4% | -29.8% | | -19.0% | -5.8% | 8.2% | | 12.8% |
Shares outstanding (diluted) [+] | 6.6 | 7.0 | 8.6 | 8.1 | 8.5 | 9.5 | | 9.9 |
Growth | -21.6% | -26.1% | | -18.4% | -14.3% | -2.7% | | 11.3% |
|
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |