| Business Summary | | Prime
Retail,
Inc.
is
a
self-administered
and
self-managed
real
estate
investment
trust
that
develops,
acquires,
owns
and
operates
outlet
centers.
The
Company's
outlet
center
portfolio,
including
five
outlet
centers
owned
through
joint
venture
partnerships,
consists
of
48
outlet
centers
in
26
states
(including
Puerto
Rico),
which
total
13,497,000
square
feet
of
gross
leasable
area
at
December
31,
2000.
As
a
fully
integrated
real
estate
firm,
the
Company
provides
development,
construction,
accounting,
finance,
leasing,
marketing,
and
management
services
for
all
of
its
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Prime
Retail,
Inc.
is
a
REIT
engaged
primarily
in
the
ownership,
development,
construction,
acquisition,
leasing,
marketing
and
management
of
factory
outlet
centers.
For
the
three
months
ended
3/31/01,
total
revenues
fell
20%
to
$58.1
million.
Net
loss
applicable
to
Common
fell
35%
to
$11.3
million.
Revenues
reflect
a
decrease
in
portfolio
occupancy.
Net
loss
reflects
the
absence
of
a
$13
million
loss
on
eOutlets.com
and
a
$1.1
million
loss
on
Designer
Connection. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
57,104;
after
tax
earnings
were
-6,843. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Glenn Reschke, 49 Chairman,
CEO, Pres | $266K | Steven Gothelf, 40 Exec.
VP-Fin. | -- | Robert Brvenik Exec.
VP, CFO, Treasurer | -- | C. Alan Schroeder, 42 Exec.
VP, Gen. Counsel, and Sec. | 347K | David Phillips, 38 Exec.
VP, Operations and Marketing | 482K | Dollar amounts are as of 31-Dec-1999 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
|
|