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Home > Company Index > Real Estate > REIT - Retail > Prime Retail, Inc.

Prime Retail, Inc.
NYSE: PRT
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 PROFILE
Prime Retail wants outlet shoppers to shop until they drop. Prime Retail is a real estate investment trust (REIT) that owns, develops, manages, and markets discount factory outlet centers in about 25 states throughout the US. The company is one of the world's largest owners of outlet malls; it has interests in some 50 centers (most of which are located outside of metropolitan areas) containing nearly 13.5 million square feet of leasable space. The REIT also owns three community shopping centers. Prime Retail's outlet centers are widely distributed over the continental US; California, Florida, New York, and Texas contain the greatest concentration of the REIT's properties.

 COMPETITION
Chelsea Property Group, Inc. (CPG)
Horizon Group Properties, Inc. (HGPI)
Tanger Factory Outlet Centers, Inc. (SKT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 283.40
1-Yr. Sales Growth: (7.4)%
Employees: 1,027
Revenue per employee: $275,949.37

 KEY PEOPLE
• Glenn D. Reschke
    CEO
• Robert A. Brvenik
    CFO

 CONTACT INFO
100 E. Pratt St., 19th Fl.
Baltimore, MD 21202
US
Phone: 410-234-0782
Fax: 410-234-1702
Online: Web Site

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