| 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 | | | | 18.4 | 20.2 | 21.0 | 22.1 | 25.3 |
| Property management and leasing fees | | | | | | | | 21.3 |
| Investments | | | | 5.9 | 6.5 | 6.3 | 6.2 | |
| Other | | | | | | | -1.6 | |
| Total revenues | 41.0 | 38.4 | 27.1 | 28.1 | 35.3 | 40.8 | 44.7 | 46.4 |
| Revenue growth [+] | 16.3% | -5.9% | -39.3% | -39.6% | -25.1% | -22.9% | | |
| Property Management | | | | -27.3% | -21.0% | -21.1% | | |
| Cost of goods sold | 18.1 | 18.6 | 17.6 | 20.2 | 22.4 | 24.4 | 26.0 | 27.4 |
| Gross profit | 23.0 | 19.8 | 9.5 | 7.8 | 12.9 | 16.4 | 18.7 | 19.0 |
| Gross margin | 55.9% | 51.6% | 35.1% | 27.9% | 36.5% | 40.1% | 41.8% | 41.0% |
| Selling, general and administrative [+] | 8.2 | 9.5 | 9.9 | 10.2 | 10.9 | 9.9 | 10.7 | 11.0 |
| General and administrative | 8.2 | 9.5 | 9.9 | 10.2 | 10.9 | 9.9 | 10.7 | 11.0 |
| Equity in earnings | | | -0.6 | -2.3 | | | 0.0 | 4.1 |
| Other operating expenses | 10.4 | 5.8 | -3.9 | -10.3 | -6.5 | -0.4 | -4.7 | 0.4 |
| EBITDA [+] | 6.4 | 6.8 | 5.9 | 7.9 | 8.4 | 8.7 | | 14.2 |
| EBITDA growth | -23.6% | -21.4% | -61.2% | -44.2% | -40.8% | -41.8% | | |
| EBITDA margin | 15.6% | 17.7% | 21.8% | 28.1% | 23.7% | 21.2% | 34.1% | 30.5% |
| Depreciation and amortization | 2.6 | 2.9 | 3.0 | 2.3 | 2.4 | 2.4 | | 2.6 |
| EBIT [+] | 3.7 | 3.9 | 2.9 | 5.6 | 6.0 | 6.3 | 12.7 | 11.6 |
| EBIT growth | -37.5% | -37.5% | -77.2% | -51.4% | -47.9% | -47.7% | | |
| EBIT margin | 9.1% | 10.2% | 10.7% | 20.1% | 16.9% | 15.4% | 28.3% | 25.0% |
| Interest expense | 2.4 | 1.8 | 1.4 | 1.7 | 2.1 | 2.6 | 2.6 | 2.2 |
| Interest expense | 2.4 | 1.8 | 1.4 | 1.7 | 2.1 | 2.6 | 2.6 | 2.2 |
| Other income (expense), net | | | 1.3 | | 0.5 | 0.0 | -0.5 | |
| Pre-tax income | 1.6 | 2.9 | 2.8 | 4.4 | 4.3 | 3.7 | 9.6 | 9.4 |
| Income taxes | -1.0 | -3.6 | -3.1 | -2.3 | -2.4 | 0.8 | 3.4 | 3.2 |
| Tax rate | | | -113.4% | -53.0% | | | 35.8% | 34.6% |
| Minority interest | | | | | | | | -4.1 |
| Earnings from continuing ops | 2.7 | 6.5 | 5.9 | 6.7 | 6.8 | 2.9 | 6.2 | 6.1 |
| Earnings from discontinued ops | -0.3 | 4.1 | 4.1 | | 4.3 | 0.0 | | |
| Net income | 2.5 | 2.0 | 1.4 | 2.4 | 2.4 | 2.9 | 6.2 | 6.1 |
| Net margin | 6.2% | 5.3% | 5.0% | 8.6% | 6.8% | 7.2% | 13.8% | 13.2% |
| |
| Basic EPS [+] | $0.37 | $0.83 | $0.69 | $1.04 | $0.97 | $0.42 | $0.90 | $0.89 |
| Growth | -61.8% | 98.7% | -23.4% | 17.3% | 6.9% | -55.4% | | |
| Diluted EPS [+] | $0.35 | $0.81 | $0.68 | $1.03 | $0.97 | $0.40 | $0.83 | $0.83 |
| Growth | -63.4% | 101.4% | -18.6% | 25.1% | 15.0% | -54.8% | | |
| |
| Shares outstanding (basic) [+] | 7.2 | 7.9 | 8.6 | 6.5 | 6.9 | 7.1 | | 6.9 |
| Growth | 4.5% | 11.3% | 24.5% | -6.0% | 5.0% | 8.0% | | |
| Shares outstanding (diluted) [+] | 7.6 | 8.1 | 8.7 | 6.5 | 7.0 | 7.3 | | 7.4 |
| Growth | 8.8% | 9.8% | 17.2% | -11.8% | -2.4% | 6.4% | | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |