| Business Summary | | Kramont
Realty
Trust
is
a
self-administered,
self-managed
equity
real
estate
investment
trust
(REIT)
engaged
in
the
ownership,
acquisition,
redevelopment,
management
and
leasing
of
community
and
neighborhood
shopping
centers.
Kramont's
properties
include
income-producing
real
estate.
Kramont
does
not
directly
own
any
assets
other
than
its
interest
in
Kramont
Operating
Partnership,
L.P.
and
Montgomery
CV
Realty
L.P.
(collectively,
the
OPs).
The
OP's
own
all
of
the
Company's
other
assets
and
conduct
its
operations
through
an
Umbrella
Partnership
REIT
structure.
The
Company
acquired
its
assets
through
the
merger
of
the
businesses
of
Kranzco
Realty
Trust
and
CV
Reit,
Inc.
into
Kramont,
effective
as
of
June
16,
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Kramont
Realty
is
a
self-administered,
self-managed
equity
REIT
specializing
in
shopping
center
acquisition,
leasing,
development
and
management.
For
the
three
months
ended
3/01,
revenues
totalled
$28.7
million
up
from
$8.9
million.
Net
income
applicable
to
Common
rose
82%
to
$3.2
million.
Revenues
reflect
increased
rental
sales
due
to
mergers
and
acquisitions.
Earnings
were
partially
offset
by
the
inclusion
of
$1.9
million
in
Preferred
dividends. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
29,841;
after
tax
earnings
were
8,537. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Norman Kranzdorf, 69 Chairman,
Trustee | -- | Louis Meshon, Sr., 59 Pres,
CEO, Trustee | $325K | Bernard Korman, 68 Trustee | -- | H. Irwin Levy, 73 Trustee | -- | Milton Schneider, 50 Director,
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
|
|