Daytrading, Eminis, Forex trading, Swing Trading BREAKING NEWS - 478031

8 million or $0.47 per diluted share compared to $18.4 million or $0.

43 per diluted share in the prior year. Reported FFO includes other of approximately $1.4 million or $0.

03 per share on sales of technology and land and other investments. The gain was offset by $0.8 million or $0.

02 per diluted shares, net loss on condominium sales. The previous year included $1.8 million or $0.

04 per diluted share, non-cash loss on early extinguishment of tax-exempt secured indebtedness. Net income available to common shareholders declined sharply to $33.9 million from $71.

3 million a year ago. On a per share basis, net income available to common shareholders were $0.77, down from $1.

77 a year ago. The recent quarter result included a net gain of $28.1 million from the sale of apartment communities and the year ago period included $74.

7 million last year. On average, 14 analysts polled by First Call/Thomson Financial expected the company to earn $0.46.

For the first nine-month period, FFO totaled $62.9 million or $1.42 per diluted share compared to $62.

6 million or $1.46 per diluted share last year. Net income available to common shareholders fell to $48.

9 million from 4130.6 million in the prior year. On a per share basis, earnings dropped to $1.

13 from $3.25 last year. For the nine months, reported income included gain on the sale of apartment communities of $28.

1 million compared to $124.4 million a year ago. Commenting on the financial results, David Stockert, CEO and President of the company said, ".

.Condominium results fell short of our expectations; we were able to offset this shortfall through a combination of gains on sales of land and investments during the quarter. We were particularly pleased to see that our largest apartment markets continued to reflect improving fundamentals.

" Looking ahead to the fourth quarter, the company sees net income in the range of $0.92 to $1.01 per share and FFO in the range of $0.

43 to $0.45 per diluted share last year. PPS finished Monday's regular trading session at $49.

64, up $0.21 on a volume of 220K shares.