(In thousands, except per share data)
	1997		1998		1999		2000		2001
OPERATING DATA
Total Revenues	$	6,618	$	40,214	$	81,112	$	108,993	$	125,546
Funds from Operations		1,085		15,517		31,401		37,504		43,214
Total Assets		193,534		563,677		721,034		794,837		984,210
Total Equity Market Capitalization		100,970		216,274		294,342		352,773		493,768
PER SHARE DATA
Funds from Operations	$	0.29	$	0.79	$	1.07	$	1.17	$	1.29
Common Dividends		0.50		0.66		0.74		0.78		0.82
PROPERTY PORTFOLIO
Number of Properties Owned		17		57		79		83		98
Rentable Square Feet Owned		1,852		4,977		6,076		6,473		7,801

Corporate Development Services (CDS) provides comprehensive development and construction services. As the leading development services company in the Baltimore/Washington Corridor, our team has completed over $5 billion of projects. Specializing in suburban office buildings, CDS has the experience and capacity to satisfy the needs of our current and prospective tenants.

Corporate Realty Management (CRM) provides comprehensive property and asset management services to Company-owned properties and select third-party clients. Serving over 400 tenants in 100 commercial properties totaling 8.1 million square feet, CRM has five Maryland offices as well as offices in Princeton, New Jersey; Harrisburg, Pennsylvania; and Northern Virginia.

Corporate Office Services (COS) offers an array of third-party services to corporations and government entities, allowing them to optimize their real estate requirements. These services include land planning, design/build services, consulting and merchant development.