| Business Summary | | Prentiss
Properties
Trust
is
a
real
estate
investment
trust
that
acquires,
owns,
manages,
leases,
develops
and
builds
primarily
office
properties
throughout
the
United
States.
As
of
December
31,
2000
the
Company
owned
interests
in
a
diversified
portfolio
of
181
primarily
suburban
Class
A
office
and
suburban
industrial
properties
containing
approximately
19.5
million
net
rentable
square
feet.
The
properties
consist
of
136
office
buildings
containing
approximately
15.8
million
net
rentable
square
feet
and
45
industrial
buildings
containing
approximately
3.7
million
net
rentable
square
feet.
The
Properties
include
nine
Office
Properties
containing
1.2
million
square
feet
that
are
in
various
stages
of
development
or
have
been
recently
developed
by
the
Company
and
are
in
various
stages
of
lease-up.
The
Company
operates
in
five
regions:
Mid-Atlantic,
Midwest,
Northeast,
Southwest
and
West. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Prentiss
Properties
Trust
(REIT)
is
engaged
in
the
acquisition,
ownership,
management,
leasing,
development
and
construction
of
office
and
industrial
properties.
For
the
six
months
ended
6/30/01,
revenues
increased
5%
to
$174
million.
Net
income
applicable
to
Common
before
extraordinary
items
increased
99%
to
$62.3
million.
Revenues
reflect
property
acquisitions.
Earnings
also
reflect
$17
million
in
merger
termination
fees
received. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Michael Prentiss, 57 Chairman | $2.0M | Thomas August, 52 Pres,
CEO, Trustee | 1.9M | Thomas Hynes, Jr., 61 Trustee | -- | Barry J. Parker, 53 Trustee | -- | Leonard Riggs, Jr., 58 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
|
|