Updated at 4:41 p.m., Tuesday, November 6, 2007
HRPT reports net income slipped in third quarter
Advertiser Staff
HRPT Properties Trust, a Newton, Mass.- based REIT whose holdings include 17 million square feet of industrial and office space on O'ahu, said net income available for common shareholders fell to $16.8 million, or 8 cents a share during the third quarter from $22.1 million, or 11 cents, a year earlier.The company said funds from operations was $62.9 million compared with $62 million in the year-earlier period. It reported 92.8 percent of its holdings was leased at the end of the quarter. That compared with 93.4 percent a year prior.
HRPT reported rental income rose to $211.2 million from $202.5 million in the 2006 quarter.
