| Business Summary | | Konover
Property
Trust,
Inc.
is
principally
engaged
in
the
acquisition,
development,
ownership
and
operation
of
retail
shopping
centers.
The
Company's
revenues
are
primarily
derived
under
real
estate
leases
with
national,
regional
and
local
retailing
companies.
The
Company's
owned
properties
consist
of
39
community
shopping
centers
in
nine
states
aggregating
approximately
5.5
million
square
feet,
nine
outlet
centers
in
nine
states
aggregating
approximately
two
million
square
feet,
16
Vanity
Fair
(VF)-anchored
centers
located
in
12
states
aggregating
approximately
1.4
million
square
feet,
one
center
under
development
and
scheduled
for
completion
in
the
Fall
of
2001
and
two
centers
in
two
states
aggregating
approximately
0.5
million
square
feet
that
are
held
for
sale. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Konover
Property
Trust,
Inc.
is
a
self-advised
and
self-managed
REIT
engaged
in
the
acquisition,
development,
ownership
and
operation
of
retail
shopping
centers.
For
the
six
months
ended
6/30/01,
total
revenues
decreased
2%
to
$44.2
million.
Net
loss
applicable
to
Common
totalled
$115.4
million,
up
from
$5.2
million.
Revenues
reflect
lower
property
operating
cost
recoveries
income.
Higher
loss
reflects
a
$105.1
million
charge
for
the
adjustment
to
carrying
value
of
properties
held. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Simon Konover, 77 Chairman | -- | J. Maloney, 53 Interim
Pres and CEO, Director | -- | Christopher Gavrelis, 46 Exec.
VP- Management and Admin. | $325K | Linda Swearingen, 35 Sr.
VP - Fin./Investor Relations | -- | Daniel Kelly, 48 Sr.
VP, CFO | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|