| Business Summary | | Westfield
America,
Inc.
is
a
real
estate
investment
trust
specializing
in
enclosed
shopping
centers.
As
of
December
31,
2000,
the
Company
had
interests
in
39
major
shopping
centers
branded
as
"Westfield
Shoppingtowns".
The
Company's
portfolio
of
Westfield
Shoppingtowns
includes
clusters
of
shopping
centers
in
markets
in
the
east
coast,
midwest
and
west
coast
regions
of
the
United
States.
As
of
December
31,
2000,
Westfield
Shoppingtowns
had
137
Anchors
(department
stores
generally
occupying
more
than
80,000
square
feet)
totaling
approximately
21.8
million
square
feet
of
gross
leasable
area
(Anchor
GLA),
or
57.7%
of
Total
GLA.
The
Company
has
shopping
centers
in
nine
states
that
comprise
37.7
million
square
feet
of
retail
and
office
space.
The
majority
of
the
Company's
centers
are
clustered
in
markets
that
serve
nearly
24.5
million
people.
The
Company's
major
markets
include
San
Diego,
Los
Angeles,
San
Jose,
St.
Louis,
Connecticut
and
Washington
D.C. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WEA
is
a
real
estate
investment
trust
engaged
in
owning,
operating,
leasing,
developing,
redeveloping
and
acquiring
super
regional
and
regional
shopping
centers
and
power
centers
in
the
US.
For
the
six
months
ended
6/30/01,
revenues
rose
4%
to
$263.7
million.
Net
loss
before
acct.
change
applicable
to
Com.
totalled
$18.6
million
vs.
an
income
of
$5.8
million.
Revenues
reflect
increased
occupancy
and
higher
minimum
rents.
Loss
reflects
the
inclusion
of
swap
reversal
costs. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Frank Lowy, 69 | Chairman | Richard Green, 57 | Co-Pres,
Director | Peter Lowy, 41 | Co-Pres | Mark Stefanek, 45 | CFO
and Treasurer | Roger Burghdorf, 52 | Exec.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|