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Home > Company Index > Real Estate > REIT - Office > Great Lakes REIT

Great Lakes REIT
NYSE: GL
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 NEWS FROM THE WIRES
Great Lakes Q2 FFO in line with estimates
Aug 03 2001 06:41 AM PDT

More WIRE STORIES about this company

 PROFILE
Great Lakes REIT is a real estate investment trust that acquires, renovates, and operates suburban office buildings in the Midwest. Most of the company's some three dozen properties are located in metropolitan areas less than 500 miles from Chicago. It also owns property in Denver and is considering other acquisitions outside its traditional home territory. Great Lakes REIT's general strategy is to buy underperforming office properties and refurbish them while disposing of sites deemed to have peaked in value; it also has begun developing sites. The average occupancy of the company's properties is about 95%. Investment firm Morgan Stanley Dean Witter owns about 15% of the REIT.

 COMPETITION
CarrAmerica Realty Corporation (CRE)
Equity Office Properties Trust (EOP)
Prime Group Realty Trust (PGE)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 111.70
1-Yr. Sales Growth: 17.1%
Employees: 94
Revenue per employee: $1,188,297.87

 KEY PEOPLE
• Richard A. May
    CEO
• James Hicks
    CFO

 CONTACT INFO
823 Commerce Dr., Ste. 300
Oak Brook, IL 60523
US
Phone: 630-368-2900
Fax: 630-368-2929
Online: Web Site

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