Capital Automotive raises full year earnings view


NEW YORK, April 29 (Reuters) - Capital Automotive REIT , a specialty finance company for automotive retail real estate, on Tuesday said it raised its earnings outlook for 2003, citing lower than expected borrowing costs. The company said it now expects 2003 funds from operations of $2.34 a share, or 3 cents per share higher than its earlier estimate. It said it expects earnings per share of $1.57 for 2003. It said the increased earnings forecast was the result of lower than anticipated ...

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