| Business Summary | | Gables
Residential
Trust
is
an
owner,
operator
and
developer
of
multifamily
apartment
communities.
As
of
December
31,
2000,
the
Company
managed
53
multifamily
communities
for
third
parties,
comprising
approximately
18,196
apartment
homes.
These
fee
management
contracts
are
maintained
with
a
total
of
27
owners.
As
of
December
31,
2000,
the
Company
owned
73
stabilized
multifamily
apartment
communities
comprising
21,422
apartment
homes,
an
indirect
25%
interest
in
two
stabilized
apartment
communities
comprising
663
apartment
homes,
an
indirect
20%
interest
in
five
stabilized
apartment
communities
comprising
1,571
apartment
homes,
and
an
indirect
9%
interest
in
three
stabilized
apartment
communities
comprising
1,118
apartment
homes. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Gables
engages
in
the
multifamily
apartment
community
management,
development,
construction,
and
acquisition
business,
including
the
provision
of
related
brokerage
and
corporate
rental
housing
services.
For
the
six
months
ended
6/30/01,
revenues
decreased
1%
to
$119.7
million.
Net
income
applicable
to
Com.
increased
33%
to
$23.8
million.
Revenues
reflect
a
decreased
number
of
communities
sold.
Earnings
benefitted
from
decreased
property
management
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Chris Wheeler, 44 Chairman
of Trustees, Pres, CEO | $897K | Marvin Banks, Jr., 39 CFO,
Sr. VP, Sec. | 607K | Marcus Bromley, 51 Trustee | -- | Lauralee Martin, 50 Trustee | -- | John McIntyre, 70 Trustee | -- | Dollar
amounts are as of 31-Dec-2000 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
|
|