| Business Summary | | Burnham
Pacific
Properties
Inc.
(Burnham)
is
a
real
estate
operating
company
which
has
historically
acquired,
rehabilitated,
developed
and
managed
retail
properties
nationwide.
The
Company's
properties
are
primarily
neighborhood
and
community
shopping
centers
located
in
major
metropolitan
areas.
Burnham
owns
its
properties
and
conducts
substantially
all
of
its
business
through
the
Operating
Partnership,
of
which
the
Company
is
the
sole
general
partner
and,
as
the
holder
of
the
majority
of
the
common
limited
partnership
units,
the
owner
of
a
substantial
majority
of
the
economic
interests. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Burnham
Pacific
Properties
is
a
real
estate
investment
trust
that
focuses
on
value-added
retail
real
estate
opportunities
throughout
the
U.S.
For
the
six
months
ended
6/30/01,
revenues
fell
36%
to
$39
million.
Net
income
applicable
to
Common
totaled
$6.7
million,
vs.
a
loss
of
$3.8
million.
Revenues
reflect
asset
sales
and
the
termination
of
the
CalPERS
Joint
Venture.
Net
income
reflects
the
absence
of
depreciation
expense
due
to
the
Co's
plan
of
liquidation. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donne Moen, 65 Co-Chairman | -- | Jay Schottenstein, 46 Co-Chairman | -- | Scott Verges, 47 Pres,
CEO | $358K | Daniel Platt, 54 CFO,
Exec. VP | 265K | Michael Rubin, 55 COO,
Sr. VP, Sec. | 180K | 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
|
|