Press Release: Security Capital Group Incorporated
October 18, 2000
CHICAGO, IL -- Security Capital Group Incorporated (NYSE: SCZ) yesterday announced that preliminary EBDADT (earnings
before depreciation, amortization and deferred taxes) results for the quarter ended September 30, 2000, are expected
to be in the range of $0.72 to $0.75 per diluted SCZ share, exceeding analysts' consensus EBDADT estimates of $0.61
per share. The company attributes the strong third quarter results to the continued excellent performance of Security
Capital's operating affiliates in the United States and Europe. This preannouncement is being made because of Security
Capital's previously announced share repurchase program.
No further information on the company's third-quarter results will be available until Security Capital issues its
final results on November 8 and conducts its quarterly management conference call on November 9.
Security Capital Group Incorporated is an international real estate research, investment and operating management
company. Security Capital operates its business through two divisions. The Capital Division provides operational
and capital deployment oversight to direct and indirect investments in real estate operating companies, generating
earnings principally from its ownership of these affiliates. Currently, the Capital Division has investments in
16 real estate operating companies. The Financial Services Division generates fees principally from capital management
and capital markets activities. The principal offices of Security Capital and its directly owned affiliates are
in Amsterdam, Atlanta, Brussels, Chicago, Denver, El Paso, Houston, London, Luxembourg, New York and Santa Fe.
In addition to historical information, this press release contains forward-looking statements under the federal
securities law. These statements are based on current expectations, estimates and projections about the industry
and markets in which Security Capital operates, management's beliefs and assumptions made by management. Forward-looking
statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult
to predict. Actual operating results may differ materially from what is expressed or forecasted in this press release.
See ``Risk Factors'' in Security Capital's Annual Report on Form 10-K for factors that could affect Security Capital's
future financial performance.
SOURCE: Security Capital Group Incorporated