EQR » Topics » Minority Interests as of June 30, 2005 decreased by $134.7 million when compared to December 31, 2004. The primary factors that impacted this account in the Companys consolidated statements of operations and balance sheets during the six months ended June

This excerpt taken from the EQR 10-Q filed Aug 8, 2005.

Minority Interests as of June 30, 2005 decreased by $134.7 million when compared to December 31, 2004.  The primary factors that impacted this account in the Company’s consolidated statements of operations and balance sheets during the six months ended June 30, 2005 were:

 

                  The redemption or repurchase of 2.9 million Series B through F Preference Interests with a combined liquidation value of $146.0 million and a premium on redemption of $4.1 million;

                  Distributions declared to Minority Interests, which amounted to $18.0 million (excluding Junior Preference Unit and Preference Interest distributions);

                  The allocation of income from operations to holders of OP Units in the amount of $25.0 million;

                  The issuance of 55,197 OP Units for the acquisition of one property with a valuation of $1.8 million; and

                  The issuance of 544,732 OP Units to various limited partners with a valuation of $18.2 million.

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki