| Business Summary | | Gyrodyne
Company
of
America
Inc.
(Gyrodyne)
manages
a
real
estate
operation,
which
is
its
major
source
of
revenue,
and
is
a
passive
investor
as
a
limited
partner
in
the
Callery
Judge
Grove
in
Palm
Beach
County,
Florida.
Gyrodyne
concentrates
its
efforts
on
the
development
of
its
326-acre
Flowerfield
property
in
St.
James,
New
York.
Currently,
the
converted
buildings
consist
of
approximately
202,000
square
feet
housing
73
tenants
in
space
suitable
for
office,
engineering,
manufacturing,
and
warehouse
use. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | GYRO
manages
a
real
estate
property
(the
326
acre
Flowerfield
property
in
St.
James,
New
York)
and
is
a
passive
investor
as
a
limited
partner
in
the
Callery
Judge
Grove
in
Palm
Beach
County,
Florida.
For
the
nine
months
ended
1/01,
revenues
rose
5%
to
$1.8
million.
Net
income
rose
28%
to
$178
thousand.
Revenues
reflect
increased
rentals
and
higher
occupancy
rate.
Earnings
also
reflect
lower
operating
and
maintenance
expenses
and
lower
salaries
and
benefits
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Paul Lamb, 55 Chairman | -- | Stephen Maroney, 59 Pres,
CEO, Treasurer | $181K | Peter Pitsiokos, 41 Exec.
VP, Sec. and Gen. Counsel | 148K | Frank D'Alessandro, 55 Controller | -- | Dollar
amounts are as of 30-Apr-2001 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
|
|