During San Francisco Giants the second quarter the

During explains at&t park concerts the second barry bonds autographs imparts quarter 2009, the company issued a total of 599,600 shares ata weighted average issue price of $8.16 per share under its previously announced$50 million at-the-market equity issuance program, raising net proceeds ofapproximately $4.8 million. The secured credit facility has a10-year interest only term, carries a weighted average fixed interest rate of5.31 percent and is secured by 8 multifamily properties totaling 2,816 units.The net proceeds from the secured credit facility were used to repay a portionof the outstanding balance under the company`s $675 million unsecured line ofcredit, which had an outstanding balance of $191.7 million as of June 30, 2009. Financing ActivityOn June 1, 2009, the company announced the closing of an additional $156.4million Fannie Mae secured credit facility. A reconciliation of NOI to income from continuing operations, as well asdefinitions and the statements of purpose, is included at the end of this pressrelease and in the financial tables accompanying this press release.

Excluding the income and expenses from our bulkcable program, multifamily same-property revenues decreased 4.3 percent andexpenses increased 2.6 percent compared with the second quarter 2008.Multifamily same-property physical occupancy as of June 30, 2009 was 94.3percent compared with 95.9 percent at June 30, 2008 at&t park events . Multifamily same-property revenuesdecreased 2.4 percent and expenses increased 6.2 percent compared with thesecond quarter 2008, which includes the income and expenses from our previouslyannounced bulk cable program baseball managers . A reconciliation of net income (loss) available to common shareholders to FFOand to Operating FFO, as well as the definitions and statements of purpose, isincluded at the end of this press release and in the financial tablesaccompanying this press release baseball tickets . "We eliminated all but $44 million of our 2010 maturities with thesetransactions and took advantage of the favorable pricing available in themarket cubs rooftop .

Also, we are making progress on our efforts to simplify our businessstructure through the elimination of certain joint ventures att park . Our operatingfundamentals continue to be impacted by rising unemployment, but as we movethrough the recession, we believe the long-term demographics of the Sunbelt willprovide the foundation for an eventual recovery." Multifamily Operating PerformanceMultifamily same-property NOI for the second quarter 2009 decreased 7.5 percentcompared with the second quarter 2008 for the 28,285 apartment homes included inthe consolidated same-property results san francisco giants . The decrease in operating FFO from the prior period isprimarily due to a decline in multifamily same-property net operating income(NOI) of 7.5 percent; $2.4 million of impairment charges related to for-saleresidential properties; a $1.3 million charge associated with the write-off ofabandoned pursuit costs; and a reduction in capitalized interest ofapproximately $2.6 million as a result of no longer capitalizing interest onland held for future developments sbc park . Operating FFO for the six months ended June30, 2009 was $37.7 million, or $0.66 per diluted share, compared with $52.7million, or $0.93 per diluted share, in the same period a year ago barry bonds autographs . FFO for the six months endedJune 30, 2009, totaled $81.7 million, or $1.43 per diluted share, compared with$65.0 million, or $1.14 per diluted share, for the same period in 2008.

Operating FFO, which the company defines as FFO before transaction income (i.e.development gains, land/outparcel gains, and bond/preferred stock repurchasegains/losses), for the second quarter 2009 was $15.8 million, or $0.28 perdiluted share, compared with $27.3 million, or $0.48 per diluted share, in thesame period a year ago att park tickets . Funds from Operations Available to Common Shareholders and Unitholders (FFO), awidely accepted measure of REIT performance, for the second quarter 2009 were$31.9 million, or $0.56 per diluted share, compared with $32.1 million, or $0.56per diluted share, in the same period a year ago baseball managers . The company reported net income available tocommon shareholders for the six months ended June 30, 2009, of $12.0 million, or$0.25 per diluted share, compared with net income available to commonshareholders of $23.3 million, or $0.49 per diluted share, for the same periodin 2008 baseball tickets . For the second quarter 2009, the company reported a net loss to commonshareholders of $1.9 million, or $(0.04) per diluted share, compared with netincome available to common shareholders of $9.1 million, or $0.19 per dilutedshare, for the same period in 2008 . BIRMINGHAM, Ala.--(Business Wire)--Colonial Properties Trust (NYSE: CLP) announced its results for the secondquarter ended June 30, 2009.