| Business Summary | | Mid-Atlantic
Realty
Trust
is
a
real
estate
investment
trust
(REIT).
The
Company
is
a
fully
integrated,
self-administered
real
estate
investment
trust
that
owns,
acquires,
develops,
redevelops,
leases
and
manages
primarily
neighborhood
or
community
shopping
centers
in
the
Middle
Atlantic
region
of
the
United
States.
The
Company
seeks
to
operate
its
properties
for
long-term
FFO
growth.
The
Company
also
acquires
neighborhood
or
community
shopping
centers
that
either
have
dominant
anchor
tenants
or
contain
a
mix
of
tenants
that
reflects
the
shopping
needs
of
the
communities
they
serve.
The
Company
also
develops
and
redevelops
shopping
centers
on
a
tenant-driven
basis. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MRR
is
a
fully
integrated,
self
managed
REIT
which
owns,
leases,
develops,
redevelops
and
manages
retail
shopping
centers
and
commercial
properties.
For
the
six
months
ended
6/30/01,
total
revenues
rose
7%
to
$30.4
million.
Net
income
applicable
to
Common
before
extraordinary
item
rose
7%
to
$6.4
million.
Revenues
reflect
the
operations
of
the
properties
acquired
in
2000
and
1999
and
redevelopment
projects.
Earnings
also
reflect
increased
gross
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| LeRoy Hoffberger, 74 Chairman | -- | F. Hughes, 52 Pres,
CEO, Trustee | $239K | David Benson, 51 Trustee | -- | Marc Blum, 57 Trustee | -- | Robert Frank, 50 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
|
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