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Profile - Prime Retail, Inc. (NYSE:PRT)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials
Recent Events
Aug 20Price hit new 52-week low ($0.15)
Aug 14Earnings Announcement
Location
100 East Pratt Street, Nineteenth Floor
Baltimore, MD 21202
Phone: (410) 234-0782
Fax: (410) 234-1762
Employees (last reported count): 1,027
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Websites
 ·Home Page
 ·Yahoo! Category

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Ownership
·Insider and 5%+ Owners: 30%
·Over the last 6 months:
 · 2 insider sells; 159.0K shares
  (1.2% of insider shares)
·Institutional: 3% (4% of float)
(37 institutions)
·Net Inst. Buying: 316.0K shares (+19.51%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Prime Retail, Inc. is a self-administered and self-managed real estate investment trust that develops, acquires, owns and operates outlet centers. The Company's outlet center portfolio, including five outlet centers owned through joint venture partnerships, consists of 48 outlet centers in 26 states (including Puerto Rico), which total 13,497,000 square feet of gross leasable area at December 31, 2000. As a fully integrated real estate firm, the Company provides development, construction, accounting, finance, leasing, marketing, and management services for all of its properties.
More from Market Guide: Expanded Business Description

Financial Summary
Prime Retail, Inc. is a REIT engaged primarily in the ownership, development, construction, acquisition, leasing, marketing and management of factory outlet centers. For the three months ended 3/31/01, total revenues fell 20% to $58.1 million. Net loss applicable to Common fell 35% to $11.3 million. Revenues reflect a decrease in portfolio occupancy. Net loss reflects the absence of a $13 million loss on eOutlets.com and a $1.1 million loss on Designer Connection.

Recent Earnings Announcement
For the 3 months ended 06/30/2001, revenues were 57,104; after tax earnings were -6,843. (Preliminary; reported in thousands of dollars.)

More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

Glenn Reschke, 49
Chairman, CEO, Pres
$266K
Steven Gothelf, 40
Exec. VP-Fin.
--  
Robert Brvenik
Exec. VP, CFO, Treasurer
--  
C. Alan Schroeder, 42
Exec. VP, Gen. Counsel, and Sec.
347K
David Phillips, 38
Exec. VP, Operations and Marketing
482K
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
Statistics at a Glance -- NYSE:PRTAs of 31-Aug-2001
Price and Volume
52-Week Low
on 20-Aug-2001
$0.15 
Recent Price$0.22 
52-Week High
on 17-Nov-2000
$0.75 
Beta0.84 
Daily Volume (3-month avg)50.6K
Daily Volume (10-day avg)106.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-64.8%
52-Week Change
relative to S&P500
-52.8%
Share-Related Items
Market Capitalization$9.59M
Shares Outstanding43.6M
Float30.5M
Dividends & Splits
Annual Dividend (indicated)$1.16 
Dividend Yield527.27%
Last Splitnone 
Per-Share Data
Book Value (mrq*)$8.00 
Earnings (ttm)-$3.35 
Earnings (mrq)-$0.29 
Sales (ttm)$6.67 
Cash (mrq*)$0.13 
Valuation Ratios
Price/Book (mrq*)0.03 
Price/EarningsN/A 
Price/Sales (ttm)0.03 
Income Statements
Sales (ttm)$257.1M
EBITDA (ttm*)$72.6M
Income available to common (ttm)-$140.2M
Profitability
Profit Margin (ttm)-48.2%
Operating Margin (ttm)-33.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter
(fully updated)
31-Mar-2001
Most recent quarter
(flash earnings)
30-June-2001
Management Effectiveness
Return on Assets (ttm)-7.71%
Return on Equity (ttm)-34.44%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq*)2.84 
Total Cash (mrq)$4.07M
Short Interest
As of 8-Aug-2001
Shares Short531.0K
Percent of Float1.7%
Shares Short
(Prior Month)
501.0K
Short Ratio12.95 
Daily Volume41.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001, except mrq*/ttm* items as of 31-Mar-2001)

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