| Business Summary | | Federal
Realty
Investment
Trust
is
a
real
estate
investment
trust
engaged
in
the
ownership,
management,
development
and
redevelopment
of
retail
and
mixed-use
properties.
The
Company
acquires
older
properties
in
densely
populated
and
affluent
areas,
and
enhances
their
operating
performance
through
a
program
of
renovation,
expansion,
reconfiguration
and
retenanting.
Traditional
properties
targeted
include
community
and
neighborhood
shopping
centers
that
are
anchored
by
supermarkets,
drug
stores
or
high-volume,
value-oriented
retailers
that
provide
consumer
necessities.
The
Company
has
124
properties
divided
into
three
operating
regions,
consisting
of
the
Northeast,
Mid-Atlantic
and
West.
The
properties
are
located
in
15
states
and
the
District
of
Columbia. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FRT
operates
as
a
REIT
which
is
an
owner,
operator
and
redeveloper
of
retail
properties.
For
the
six
months
ended
6/30/01,
revenues
increased
5%
to
$145.1
million.
Net
income
applicable
to
Common
increased
15%
to
$32.4
million.
Revenues
reflect
increased
properties
purchased
and
sold
and
higher
rental
income
due
to
redeveloped
and
retenanted
properties.
Net
income
also
reflects
the
inclusion
of
a
higher
gain
on
the
sale
real
estate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Steven Guttman, 54 Chairman,
Trustee, CEO | $2.6M | Donald Wood, 40 Pres,
COO | 824K | Cecily Ward, 54 CFO,
VP, Treasurer | 283K | Dennis Berman, 50 Trustee | -- | Kenneth Brody, 57 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
|
|