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Home > Company Index > Real Estate > REIT - Retail > Philips International Realty Corp.

Philips International Realty Corp.
NYSE: PHR
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 PROFILE
Philips International Realty is a real estate investment trust (REIT) formed to take over the shopping center operations of the Philips Group, a group of companies associated with chairman and CEO Philip Pilevsky. Disappointed by its shares' performance in the stock market, the company has sold off most of its assets and plans to dissolve itself. Philips International Realty's real estate portfolio includes seven neighborhood and community shopping center properties located primarily in California. Kmart stores occupy the anchor position in all of the REIT's remaining properties. A property management company affiliated with the Philips Group manages the REIT's shopping centers.

 COMPETITION
The Macerich Company (MAC)
Pan Pacific Retail Properties, Inc. (PNP)
Price Enterprises, Inc. (PREN)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 87.70
1-Yr. Sales Growth: 95.3%
Employees: 5
Revenue per employee: $17,540,000.00

 KEY PEOPLE
• Philip Pilevsky
    CEO
• Carl E. Kraus
    CFO

 CONTACT INFO
417 5th Ave.
New York, NY 10016
US
Phone: 212-545-1100
Fax: 212-545-1355

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