Corporate Office Properties Trust
Summary Financial Data
(Unaudited)
| | Three Months Ended | ||||||
|---|---|---|---|---|---|---|---|
| | June 30, 2003 | June 30, 2002 | |||||
| Reconciliation of GAAP net income to earnings before interest, income taxes, depreciation and amortization ("EBITDA") | |||||||
| Net (loss) income available to common shareholders | $ | (7,520 | ) | $ | 3,350 | ||
| Preferred share dividends | 2,534 | 2,534 | |||||
| Repurchase of preferred units in excess of recorded book value | 11,224 | — | |||||
| Interest expense on continuing operations | 10,037 | 9,008 | |||||
| Interest expense on discontinued operations | — | 74 | |||||
| Income tax benefit, gross | (30 | ) | (36 | ) | |||
| Depreciation and amortization on real estate operations | 9,108 | 7,918 | |||||
| Amortization of deferred financing costs | 595 | 706 | |||||
| Other depreciation and amortization | 121 | 115 | |||||
| Gain on sales of real estate, excluding redevelopment portion | (8 | ) | — | ||||
| Minority interests, gross | 1,815 | 2,075 | |||||
| EBITDA | $ | 27,876 | $ | 25,744 | |||
