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Profile - First Union RE Investment (NYSE:FUR)
As of 31-Aug-2001
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Location
125 Park Avenue, 14th Floor
New York, NY 10017
Phone: (212) 949-1373
Fax: (212) 905-1102
Email: investors@firstunion-reit.com
Employees (last reported count): 1
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 82%
·Institutional: 61% (337% of float)
(41 institutions)
·Net Inst. Selling: 4.93M shares (+30.29%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
First Union Real Estate Equity & Mortgage Investments is a real estate investment trust company. The Company is in the business of owning regional enclosed shopping malls, large downtown office buildings and parking facilities. As of December 31, 2000, the Company owned (in fee or pursuant to long-term ground leases under which the Company is lessee) three shopping malls, four office properties, four parking garages, and one surface parking lot in the United States. In March 2001, the Company sold most of these properties. As of March 8, 2001, the Company owned one shopping mall and one office property.
More from Market Guide: Expanded Business Description

Financial Summary
FUR is engaged in the real estate, parking management and parking and transit ticketing equipment manufacturing industries. For the six months ended 6/30/01, reveneus fell 41% to $20 million. Net income applicable to Comm. before extraordinary item fell 50% to $25.6 million. Revenues reflect decreased rental and short term investment income. Earnings suffered from a $2.7 million write-down of an investment in warrants and decreased capital gains.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

William Ackman, 33
Chairman of Trustees
--  
Daniel Friedman, 42
Pres, CEO
$343K
William Scully, 38
Vice Chairman of Trustees
--  
Neil Koenig
Interim CFO
--  
Daniel Altobello, 59
Trustee
--  
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:FURAs of 31-Aug-2001
Price and Volume
52-Week Low
on 25-May-2001
$2.16 
Recent Price$2.50 
52-Week High
on 21-Sep-2000
$2.875
Beta-0.09 
Daily Volume (3-month avg)23.9K
Daily Volume (10-day avg)28.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-2.5%
52-Week Change
relative to S&P500
+30.9%
Share-Related Items
Market Capitalization$87.0M
Shares Outstanding34.8M
Float6.30M
Dividends & Splits
Annual Dividend (indicated)$0.60 
Dividend Yield24.00%
Last Split: 3 for 2 on 1-May-1986
Per-Share Data
Book Value (mrq)$3.17 
Earnings (ttm)$0.43 
Earnings (mrq)-$0.09 
Sales (ttm)$1.19 
Cash (mrq)$0.12 
Valuation Ratios
Price/Book (mrq)0.79 
Price/Earnings (ttm)5.86 
Price/Sales (ttm)2.09 
Income Statements
Sales (ttm)$53.5M
EBITDA (ttm)$1.62M
Income available to common (ttm)$18.5M
Profitability
Profit Margin (ttm)40.0%
Operating Margin (ttm)-48.0%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)5.88%
Return on Equity (ttm)16.73%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)0.41 
Total Cash (mrq)$4.03M
Short Interest
As of 8-Aug-2001
Shares Short182.0K
Percent of Float2.9%
Shares Short
(Prior Month)
171.0K
Short Ratio7.91 
Daily Volume23.0K
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)

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