| Business Summary | | New
Plan
Excel
Realty
Trust
Inc.
is
a
self-administered
and
self-managed
equity
real
estate
investment
trust,
and
is
a
community
and
neighborhood
shopping
center
company.
The
Company's
two
business
segments
are
retail
and
residential
rental
properties.
As
of
December
31,
2000,
the
retail
segment
consisted
of
290
shopping
centers
(included
in
this
amount
are
six
commercial
properties
and
one
retail
property
under
redevelopment)
and
the
residential
segment
consisted
of
53
garden
apartment
complexes.
The
average
occupancy
rates
for
the
retail
properties
and
the
garden
apartment
communities
were
91%
and
91%,
respectively. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NXL
operates
as
a
self-administered
and
self-managed
REIT,
focusing
on
the
ownership,
management,
acquisition,
development
and
redevelopment
of
community
and
neighborhood
shopping
centers
and
garden
apartment
communities.
For
the
six
months
ended
6/30/01,
revenues
fell
1%
to
$166.2
million.
Net
income
from
continuing
operations
before
extraordinary
item
and
applicable
to
Common
fell
16%
to
$33.6
million.
Results
reflect
lower
rental
income
from
the
sale
of
properties
and
lower
interest
income. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| William Newman, 74 Chairman
of Directors | $355K | Glenn Rufrano, 51 Pres,
CEO, Director | 731K | John Roche, 43 CFO | 328K | Leonard Brumberg, 57 Exec.
VP, Retail | -- | Dean Bernstein, 43 Sr.
VP, Acquisitions/Dispositions, Director | 326K | 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
|
|