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  • FCE EBDT Bridge 2010 YTD

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    Norman Oder
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    Nets Segment was up $49. Million Land Segment was down $9. Million 5. 11. Corporate was up $16. Million Combined Commercial and Residential Segments were down $5. Million 205. EBDT is a non-GAAP measure. For a more thorough discussion of the Company's use of EBDT, please see pages 22 - 23 and 26 - 27 of the Supplemental Package for the Nine Months Ended October 31, 2010.

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    Nets Segment was up $49. Million Land Segment was down $9. Million 5. 11. Corporate was up $16. Million Combined Commercial and Residential Segments were down $5. Million 205. EBDT is a non-GAAP measure. For a more thorough discussion of the Company's use of EBDT, please see pages 22 - 23 and 26 - 27 of the Supplemental Package for the Nine Months Ended October 31, 2010.

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    464 views1 page

    FCE EBDT Bridge 2010 YTD

    Uploaded by

    Norman Oder
    Nets Segment was up $49. Million Land Segment was down $9. Million 5. 11. Corporate was up $16. Million Combined Commercial and Residential Segments were down $5. Million 205. EBDT is a non-GAAP measure. For a more thorough discussion of the Company's use of EBDT, please see pages 22 - 23 and 26 - 27 of the Supplemental Package for the Nine Months Ended October 31, 2010.

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    of 1

    EBDT Bridge EBDT Increase

    2010 October YTD vs. 2009 October YTD


    Variances are pre-tax in millions with taxes shown separately EBDT Decrease

    275.0 3.5 3.8


    3.3 5.3
    8.4 Nets 7.3
    Segment
    8.0
    265.0 was up
    $49.5 11.4
    8.9 million
    11.0
    255.0 Corporate
    Land was up
    Segment $16.4
    18.2 was down
    18.1 million
    11.4
    245.0 $9.5
    million

    235.0 Combined Commercial and Residential 266.7


    Segments were down $5.1 million
    18.2
    21.5
    225.0
    31.4
    1.8
    215.0
    222.7 11.3

    205.0
    Land operations
    Tax credit income

    NOI on mature portfolio

    Other

    mature portfolio

    Military Housing
    Project write-offs

    Property sales
    New property openings

    extinguishment of debt

    extinguishment of debt

    Gain on disposition of

    Nets operations

    Corporate interest

    severance costs

    extinguishment of debt

    Corporate activities
    2009 October YTD

    Taxes

    2010 October YTD


    Interest on

    partial interests

    Reduced
    Gain on early

    Gain on early

    Gain on early
    .
    This graph reflects earnings before depreciation, amortization and deferred taxes ("EBDT") a non‐GAAP measure.  For a more thorough discussion of the Company's use of EBDT and a 
    reconciliation of EBDT  to net earnings (loss), the most comparable financial measure calculated in accordance with GAAP, please see pages  22 ‐ 23 and  26 ‐ 27 of the Supplemental 
    Package for the Nine Months Ended October 31, 2010, located on the Company's website under SEC Filings. 

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