| Business Summary | | Archstone
Communities
Trust
is
a
real
estate
operating
company
focused
on
the
operation,
development,
redevelopment,
acquisition
and
long-term
ownership
of
apartment
communities
in
protected
markets
throughout
the
United
States.
As
of
December
31,
2000,
its
portfolio
comprised
229
communities
representing
70,685
units,
including
8,176
units
in
its
development
pipeline,
in
markets
that
represent
31
of
the
nation's
50
largest
metropolitan
markets.
As
of
December
31,
2000,
the
Company
had
$475.2
million
of
communities
under
construction
in
some
of
the
most
desirable
markets
in
the
United
States,
including
the
greater
New
York
City
metropolitan
area,
the
San
Francisco
Bay
area,
San
Diego
and
the
greater
Washington,
D.C.
metropolitan
area. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Archstone
is
engaged
in
the
operation,
development,
redevelopment,
acquisition,
and
long
term
ownership
of
apartment
communities
throughout
the
U.S.
For
the
six
months
ended
6/30/01,
revenues
fell
7%
to
$335.8
million.
Net
income
applicable
to
Common
rose
13%
to
$135.8
million.
Revenues
reflect
the
disposition
of
apartment
communities
and
lower
interest
income
from
the
Homestead
notes.
Earnings
reflect
a
$24.5
million
increase
in
gains
on
the
disposition
of
depreciated
real
estate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| R. Sellers, 44 Chairman
of Trustees and CEO | $2.7M | $236K | Charles Mueller, Jr., 37 CFO | 697K | -- | Richard Banks, 51 Managing
Director- West Region and Sr. regional Officer | 712K | -- | J. Freeman, 55 Managing
Director- East Region and Sr. Regional Officer | 705K | -- | James Cardwell, 69 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|