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SI International's Profit Jumps 17 Percent
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· Highland Hospitality Corp. of McLean, a real estate investment trust that owns hotels, reported funds from operations of $11.1 million (19 cents a share) for the third quarter, up from $7.1 million (18 cents).
Profit was $2.3 million (1 cent), up from $812,000 (2 cents). The decreased per-share earnings for the recent quarter reflect the profit available to common shareholders after $1.6 million in preferred stock dividends. Revenue increased 77 percent, to $99.7 million.
· Gladstone Commercial Corp. of McLean, a real estate investment trust, reported funds from operations of $2.3 million (29 cents a share) for the third quarter, up from $2 million (26 cents).
Profit was $1.8 million (16 cents), up from $867,000 (11 cents). Operating revenue increased 73 percent, to $6.7 million.
· American Capital Strategies Ltd. , a Bethesda investment company, had a profit of $131.6 million (92 cents a share) in the third quarter, up from $94.1 million (90 cents). Operating income totaled $230.8 million, up 55 percent from $148.8 million.
Compiled from staff and Associated Press reports.
