|
COMMON STOCK PRICES AND DIVIDENDS
|
|
|
| The Company's common stock trades on the New York Stock Exchange (ticker symbol FAF). The approximate number of record holders of common
stock on March 3, 2003, was 3,623. |
| High and low stock prices and dividends for the last two years were as follows: |
2002 |
2001 |
|
| Quarter Ended |
High-low range |
|
|
|
Cash
dividends |
|
|
|
High-low range |
|
|
|
Cash
dividends |
|
| March 31 |
$21.80–$17.71 |
|
$.07 |
|
$34.91–$25.39 |
$.06 |
|
| June 30 |
$23.10–$20.42 |
$.08 |
$26.55–$18.85 |
$.07 |
| September 30 |
$22.20–$16.54 |
$.08 |
$20.45–$16.71 |
$.07 |
| December 31 |
$22.50–$18.98 |
$.10 |
$21.07–$16.51 |
$.07 |
| While the Company expects to continue its policy of paying regular quarterly cash dividends, future dividends will be dependent on future earnings,
financial condition and capital requirements. The payment of dividends is subject to the restrictions described in Note 2 to the consolidated
financial statements. |
|
QUARTERLY FINANCIAL DATA
(Unaudited)
|
|
|
|
Quarter Ended |
|
|
| (in thousands, except per share amounts) |
March 31 |
|
|
|
June 30 |
|
|
|
September 30 |
|
|
|
December 31 |
|
| 2002 |
|
|
|
|
|
|
|
|
| Revenues |
$ |
1,042,202 |
|
$ |
1,091,530 |
|
$ |
1,196,086 |
|
$ |
1,374,391 |
| Income before income taxes and minority interests |
$ |
88,559 |
$ |
80,054 |
$ |
129,022 |
$ |
152,272 |
| Net income |
$ |
44,075 |
$ |
40,121 |
$ |
67,359 |
$ |
82,812 |
Net income per share:
Basic |
$ |
.63 |
$ |
.56 |
$ |
.94 |
$ |
1.13 |
| Diluted |
$ |
.57 |
$ |
.51 |
$ |
.84 |
$ |
1.01 |
|
| 2001 |
|
| Revenues |
$ |
766,741 |
$ |
928,042 |
$ |
983,008 |
$ |
1,072,932 |
| Income before income taxes and minority interests |
$ |
39,198 |
$ |
106,332 |
$ |
83,355 |
$ |
100,655 |
| Net income |
$ |
18,776 |
$ |
54,517 |
$ |
41,695 |
$ |
52,280 |
Net income per share:
Basic |
$ |
.29 |
$ |
.83 |
$ |
.61 |
$ |
.76 |
| Diluted |
$ |
.27 |
$ |
.75 |
$ |
.55 |
$ |
.68 |
| The Company's real estate-related segments are cyclical in nature, with the spring and summer months historically being the strongest. However,
interest rate adjustments by the Federal Reserve Board, as well as other economic factors, can cause unusual fluctuations in the Company's quarterly
operating results. See Management's Discussion and Analysis on pages 22 through 27 for further discussion of the Company's results of operations. |
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