| Business Summary | | National
Properties
Corp.
is
engaged
principally
in
the
development
of
commercial
real
estate
for
lease
to
tenants
under
net
lease
arrangements.
The
Company
acquires
or
develops
improved
real
estate
properties
suitable
for
lease
to
commercial
tenants.
It
is
the
Company's
policy
to
invest
in
properties
that
are
fully
leased
to
a
single
tenant
that
is
responsible
for
payment
of
real
estate
taxes,
insurance,
utilities
and
repairs.
Under
such
circumstances,
the
Company
has
limited
management
responsibilities
for
properties
once
they
are
constructed
and
leased.
It
is
not
the
policy
of
the
Company
to
invest
in
multiple-tenant
office
buildings
or
residential
facilities.
National
Properties
also
derives
revenues
from
its
portfolio
of
investment
securities.
As
of
December
31,
2000,
the
Company
also
had
a
portion
of
its
assets
invested
in
marketable
securities,
which
had
a
market
value
of
$2,016,664. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | National
Properties
Corp.
is
engaged
in
the
development
of
commercial
R.E.
for
lease
to
tenants
under
net
lease
arrangements.
NAPE
also
holds
a
portfolio
of
investment
securities.
For
the
six
months
ended
6/30/01,
total
income
decreased
4%
to
$2.5
million.
Net
income
increased
6%
to
$926
thousand.
Revenues
reflect
the
absence
of
a
$300
thousand
gain
on
the
sale
of
real
estate.
Earnings
benefitted
from
the
absence
of
donations
recorded. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Raymond Di Paglia, 71 Pres,
CEO | $129K | Kristine Fasano, 49 VP,
Sec., Treasurer, Director | -- | 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
|
|