ATLANTA Jameson Inns recently reported that its FFO was $2.847 million, or $0.26 per share of common stock for the quarter ended March 31, 2001, versus FFO of $3.041, or $0.28 per share for the same quarter in 2000. For the quarter, the company reported a net loss attributable to common stockholders of $2.508 million or $0.23 per share basic and $0.22 per share diluted, versus a loss of $382,000 or $0.03 per share basic and diluted respectively, for the first quarter of 2000.
Combined RevPAR for the company s two brands Jameson Inns and Signature Inns was $29.05 for the first quarter of 2001, down $1.41, or 4.6% from the first quarter of 2000, resulting from a decline in occupancy to 50.6% from 53.3%, offset by a $0.22 increase in ADR. (5/14/01)