The Timeshare Beat: Crescent Real Estate Equities Co. posts 2Q FFO per share $0.63 vs. $0.74

Thursday August 10, 2000

Crescent Real Estate Equities Co. posts 2Q FFO per share $0.63 vs. $0.74

Crescent Real Estate Equities Co. Interim Consol. Earns. June '00-- Thou. US Dollars

3 Mos. to June 30

2000^a

1999

Revenues

175,229

192,397

Net income

36,062

55,164

Share earns. (basic)

$0.28

$0.39

Share earns. (diluted)

$0.27

$0.39

6 Mos.:

Revenues

351,017

378,144

Inc. bef. extraord. item

91,112

91,175

Extraord. item

(3,928)

---

Net income

87,184

91,175

Share earns. (basic)

Bef. extraord. item

$0.69

$0.64

Extraord. item

(0.03)

---

Net income

0.66

0.64

Share earns. (diluted)

Bef. extraord. item

$0.68

$0.63

Extraord. item

(0.03)

---

Net income

0.65

0.63

3 Mos. to June 30	2000^a	1999
Revenues	175,229	192,397
Net income	36,062	55,164
Share earns. (basic)	$0.28	$0.39
Share earns. (diluted)	$0.27	$0.39

6 Mos.:
Revenues	351,017	378,144
Inc. bef. extraord. item	91,112	91,175
Extraord. item	(3,928)	---
Net income	87,184	91,175
Share earns. (basic)
Bef. extraord. item	$0.69	$0.64
Extraord. item	(0.03)	---
Net income	0.66	0.64
Share earns. (diluted)
Bef. extraord. item	$0.68	$0.63
Extraord. item	(0.03)	---
Net income	0.65	0.63