Consolidated RNY 2007 2006 2007 2006 Notes $’000 $’000 $’000 $’000 INCOME Distribution received from controlled entity – – 20,863 18,636 Share of net profi t of US LLC Rental income 69,365 66,713 – – Property related expenses (32,482) (29,158) – – Net rental income 36,883 37,555 – – Other income 1,347 908 – – Net fi nance costs (17,251) (16,649) – – Other expenses (1,414) (1,339) – – Gain on sale of property – 1,056 – – Net income from US LLC before fair value adjustments 19,565 21,531 – – Gain from investment property revaluations 8,248 33,237 – – Total share of net income from US LLC 27,813 54,768 – – Interest income 173 220 173 194 Net realised foreign exchange gains 1,630 1,423 1,630 1,423 Net changes in fair value of derivatives 5,380 3,331 5,380 3,331 Total revenue and other income 34,996 59,742 28,046 23,584 EXPENSES Auditor’s remuneration 27 1,439 406 908 169 Administration expenses 1,415 138 725 138 Finance costs 681 1,270 22 188 Management fees 2,622 2,258 638 772 Other expenses 3 263 299 331 402 Total expenses 6,420 4,371 2,624 1,669 PROFIT BEFORE TAX EXPENSE 28,576 55,371 25,422 21,915 Deferred tax expense/(income) 4(a) 5,409 7,140 – (1,890) NET PROFIT ATTRIBUTABLE TO UNITHOLDERS OF RECKSON NEW YORK PROPERTY TRUST (“RNY”) 23,167 48,231 25,422 23,805 Basic and diluted earnings per unit (cents) 8.79 18.31 –
REU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
