Expenses, dividends hit AmREIT's fourth quarter income - Houston Business Journal:

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million, compared with net income of $2.1 million, or 33 cents per share, on revenud of $12.6 million for the same period in 2005. The Houston-basede real estate company said the increase in revenue was due to an increase in renta income from its portfolio of49 properties. Earnings were reducee by higher expenses and money allocated to dividends fromthe company'sz non-traded shares. Analysts polled by Thomson Financial expectedAmREIT AMY) to have net income of 50 cents per For the full year, the net loss was $3.9 or 62 cents loss per share, on revenuew of $59.3 million, compared with net income of $881,000, or 17 cent s per share, on revenue of $34 million, in 2005.
"Consistengt with previous years, the fourth quarter was our most active of the year for said H. Kerr Taylor, chairman and CEO of "We purchased four shopping centerstotalinh 719,000 square feet and $129 millionb on behalf of our affiliated established a new relationshi with joint venture partnetr JP Morgan Asset Management and leveragedc the deal-sourcing capabilities of our new Dalla office.
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