<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR QUARTER ENDED SEPTEMBER 30, 1996
COMMISSION FILE NO 1-13038
CRESCENT REAL ESTATE EQUITIES, INC.
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(Exact name of registrant as specified in its charter)
MARYLAND 52-1862813
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(State or other jurisdiction of incorporation (I.R.S. Employer
or organization) Identification Number)
900 Third Avenue, Suite 1800, New York, New York 10022
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(Address of principal executive offices)(Zip code)
Registrant's telephone number, including area code (212) 836-4216
Number of shares outstanding of each of the registrant's
classes of common stock, as of November 8, 1996.
Common Stock, par value $.01 per share: 36,146,380
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Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding twelve (12) months (or for such shorter period that
the registrant was required to file such report) and (2) has been subject to
such filing requirements for the past ninety (90) days.
YES X NO
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The Form 10-Q for the quarter ended September 30, 1996 of Crescent Real Estate
Equities, Inc. is being amended to make two revisions to Exhibit 27.1, filed
under Item 6.(a). The value of "total assets" has been changed to conform to the
unaudited balance sheet amount of $1,213,212,000 and the value of "current
assets" has been inserted into the schedule in the amount of $135,275,000.
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PART II
OTHER INFORMATION
Item 1. Legal Proceedings
None
Item 2. Changes in Securities
None
Item 3. Defaults Upon Senior Securities
None
Item 4. Submission of Matters to a Vote of Security Holders
None
Item 5. Other information
None
Item 6. Exhibits and Reports on Form 8-K.
(a) Exhibits Description
27.1 Financial Data Schedule
(b) Reports on Form 8-K.
Form 8-K dated August 15, 1996 reporting the commitment to
purchase a portfolio of properties and including the following
financial statements: (i) Combined Statement of Excess of
Revenues Over Specific Operating Expenses for the Year Ended
December 31, 1995 and the Five Months Ended May 31, 1996 for
the properties and (ii) Pro Forma Financial Statements for the
Company.
Form 8-K/A dated August 15, 1996 amending and restating the
Form 8-K relating to the commitment to purchase a portfolio of
properties and updating the Pro Forma Financial Statements for
the Company.
Form 8-K dated June 17, 1996 reporting the stockholders'
approval of the reorganization of Crescent Real Estate
Equities, Inc. as a Texas real estate investment trust and
the Company's adoption of an incentive compensation plan and
granting of options to purchase Operating Partnership
units to two of the Company's directors.
Form 8-K dated September 27, 1996 filed for the purpose of
incorporating by reference certain exhibits into the Company's
Registration Statement on Form S-3.
20
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CRESCENT REAL ESTATE EQUITIES, INC.
/s/ Gerald W. Haddock
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Date: February 11, 1997 Gerald W. Haddock, President and Chief
Executive Officer
/s/ Dallas E. Lucas
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Date: February 11, 1997 Dallas E. Lucas, Senior Vice President,
Financial Officer and Chief Accounting
Officer
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
27 - Financial Data Schedule
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS AMENDED SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEETS AND STATEMENTS OF OPERATIONS FOUND ON PAGES 3 AND 4
OF THE COMPANY'S FORM 10-Q FOR THE YEAR TO-DATE, AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 14,367
<SECURITIES> 0
<RECEIVABLES> 23,670
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 135,275
<PP&E> 1,238,417
<DEPRECIATION> (198,517)
<TOTAL-ASSETS> 1,213,212
<CURRENT-LIABILITIES> 30,312
<BONDS> 664,483
0
0
<COMMON> 236
<OTHER-SE> 388,056
<TOTAL-LIABILITY-AND-EQUITY> 1,213,212
<SALES> 0
<TOTAL-REVENUES> 137,427
<CGS> 0
<TOTAL-COSTS> 82,898
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 30,861
<INCOME-PRETAX> 20,877
<INCOME-TAX> 0
<INCOME-CONTINUING> 20,877
<DISCONTINUED> 0
<EXTRAORDINARY> 1,306
<CHANGES> 0
<NET-INCOME> 19,571
<EPS-PRIMARY> .83
<EPS-DILUTED> .83
</TABLE>
