| Business Summary | | Keystone
Property
Trust
is
a
self-administered,
self-managed
real
estate
investment
trust
engaged
in
the
ownership,
acquisition,
development
and
management
of
industrial
properties
principally
in
the
eastern
portion
of
the
United
States.
The
Company
also
owns
office
properties
located
in
Pennsylvania,
New
York
State
and
New
Jersey.
As
of
December
31,
2000,
the
Company
owned
a
portfolio
of
129
properties
(the
Properties)
comprised
of
93
industrial
properties,
35
office
properties,
and
an
investment
in
a
direct
financing
lease
that
aggregated
approximately
20.4
million
square
feet.
The
Properties
were
95.4%
leased
under
301
leases
as
of
December
31,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Keystone
Property
Trust
is
a
self-administered,
self-managed
real
estate
investment
trust
engaged
in
the
ownership,
acquisition
and
development
of
industrial
and
office
properties.
For
the
six
months
ended
6/30/01,
revenues
fell
2%
to
$57.4
million.
Net
income
applicable
to
Common
before
extraordinary
item
fell
23%
to
$2.8
million.
Revenues
reflect
a
decrease
in
occupancy.
Net
income
reflects
an
increased
depreciation
expense
due
to
the
additional
properties. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David McBride, 54 Chairman | -- | Jeffrey Kelter, 46 Pres
and CEO | $652K | David Sherman, 43 Trustee | -- | Timothy Peterson, 35 Exec.
VP, CFO | 338K | Robert Savage, Jr., 33 Exec.
VP, COO | 25K | 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
|
|