& #8226; PS Business Parks Inc.

reported third-quarter net income of $25.5 million (65 cents per share), compared with $11.3 million (13 cents) for the like period a year earlier. Revenue for the Glendale-based real estate investment trust rose 3.1 percent to $54.8 million.


Funds from operations totaled $25.8 million (88 cents per share), compared with $22.3 million (76 cents) for the like period a year earlier.


- On Assignment Inc. reported third-quarter net income of $1.8 million (7 cents per share), compared with a loss of $32.2 million ($1.28) for the like period a year earlier. Revenue for the Calabasas-based temporary staffing firm rose 33.1 percent to $66 million.


The company expects fourth-quarter earnings of between breakeven and 2 cents per share on revenue of $61.5 million to $62.5 million. On Assignment anticipates full-year revenue of $234.7 million to $235.7 million, up from previous guidance of $220 million to $223 million.


- American Reprographics Co. reported third-quarter net income of $10.5 million (23 cents per share), compared with $7.2 million (19 cents) for the like period a year earlier. Revenue for the Glendale-based reprographic services provider rose 15.7 percent to $127.5 million.


The company expects full-year earnings of 83 cents to 85 cents per diluted share on revenue of $485 million to $490 million.


- DaVita Inc. reported third-quarter net income of $55.2 million (53 cents per share), compared with $60.4 million (59 cents) for the like period a year earlier. Revenue for the El Segundo-based dialysis services provider rose 13.6 percent to $676.8 million.


- IndyMac Bancorp Inc. reported third-quarter net income of $79.3 million ($1.18 per share), compared with $56.4 million (88 cents) for the like period a year earlier. Third quarter earnings included 5 cents per share of estimated losses related to the Gulf Coast hurricanes. Revenue for the Pasadena-based holding company for IndyMac Bank rose 31.6 percent to $283 million.


The company had a provision for loan losses of $3.5 million, versus a provision of $1.5 million in the prior year. Total assets rose 22 percent to $19.6 billion on Sept. 30. Net interest income, before provision for loan losses, rose to $111.4 million from $100.6 million a year earlier.


The company expects full-year earnings of $4.65 per share, up from previous guidance of $4.62. Earnings for 2006 are anticipated to be $5 per share.


- Mercury General Corp. reported third-quarter net income of $73 million ($1.33 per share), compared with $65.1 million ($1.19) for the like period a year earlier.


The L.A.-based personal auto and homeowners insurance company's combined ratio was 90.8 percent, compared to 91.2 percent in the prior-year period. Net premiums written rose to $762.9 million, versus $693.7 million written in the comparable quarter of 2004.


- Ducommun Inc. reported third-quarter net income of $4.3 million (42 cents per share) for the 12 weeks ended Oct. 1, compared with $2.8 million (27 cents) for the like period a year earlier. Revenue for the Carson-based aerospace components manufacturer rose 22 percent to $63 million.


- Kilroy Realty Corp. reported third-quarter net income of $16.5 million (49 cents per share), compared with $11.2 million (37 cents) for the like period a year earlier. Revenue for the L.A.-based real estate investment trust rose 10.8 percent to $63.8 million.


Funds from operations totaled $14.2 million (43 cents per share), compared with $20.7 million (64 cents) for the like period a year earlier.


- Alexandria Real Estate Equities Inc. reported third-quarter net income of $16 million (56 cents per share), compared with $15.5 million (58 cents) for the like period a year earlier. Revenue for the Pasadena-based real estate investment trust rose 37.2 percent to $63.8 million.


Funds from operations totaled $26 million ($1.21 per share), compared with $21.9 million ($1.12) for the like period a year earlier.


The company expects full-year funds from operations of $4.82 per share and earnings of $2.26 per share. For 2006, Alexandria Real Estate anticipates funds from operations of $5.14 per share and earnings of $2.45 per share.


- Arden Realty Inc. reported third-quarter net income of $41.6 million (62 cents per share), compared with $11.2 million (17 cents) for the like period a year earlier. Revenue for the L.A.-based real estate investment trust rose 15.1 percent to $114.6 million.


Funds from operations totaled $43.1 million (63 cents per share), compared with $43 million (64 cents) for the like period a year earlier.

For reprint and licensing requests for this article, CLICK HERE.