| Business Summary | | Price
Enterprises,
Inc.
is
a
real
estate
investment
trust
whose
principal
business
is
to
own,
acquire,
develop,
operate,
manage
and
lease
retail
real
property.
Its
property
portfolio
substantially
consists
of
shopping
centers
leased
to
major
retail
tenants,
two
office
properties
located
in
Sacramento/Bradshaw,
California
and
Scottsdale,
Arizona
and
one
multi-use
property
in
San
Diego
that
includes
retail,
office
and
self-storage.
The
Company
also
has
a
50%
interest
in
three
joint
ventures
that
own
retail
properties
in
Fresno,
California,
Bend,
Oregon
and
Westminster,
Colorado,
aside
from
notes
receivable
and
land
held
for
development.
The
Company
also
owns
and
operates
Price
Self
Storage,
a
self-storage
business.
As
of
December
31,
2000,
the
Company
owned
30
commercial
real
estate
properties
and
held
one
property
with
a
19-year
ground
lease,
in
addition
to
land
in
Tucson,
Arizona,
Temecula,
California
and
San
Diego/Pacific
Beach,
held
for
future
development. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Price
Enterprises,Inc.'s
primary
business
is
to
acquire,
develop,
operate,
manage,
and
lease
real
property.
The
Company's
portfolio
is
mainly
comprised
of
commercial
rental
properties.
For
the
six
months
ended
6/30/01,
revenues
rose
6%
to
$36.9
million.
Net
income
applicable
to
Common
totaled
$3
million,
up
from
$1
million.
Revenues
reflect
higher
leasing
activity
and
increased
revenue
from
new
properties.
Earnings
also
reflect
increased
interest
income
on
notes
receivable
from
Legacy. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Jack McGrory, 50 | Chairman | Gary Sabin, 46 | Pres,
CEO, Director | James Nakagawa, 35 | CFO | Richard Muir, 45 | Exec.
VP, COO, Director | Kelly Burt, 43 | Exec.
VP - Devel. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|