| Business Summary | | Washington
REIT
(WRIT)
is
a
self-administered,
self-managed
equity
real
estate
investment
trust.
The
Company's
business
consists
of
the
ownership
and
operation
of
income-producing
real
properties
in
the
greater
Washington-Baltimore
region.
WRIT
has
four
business
segments,
namely
Office
Buildings,
Industrial,
Multifamily
and
Retail
Centers.
During
2000,
1999
and
1998,
the
Company
acquired
eight
office
buildings,
one
retail
center,
one
multifamily
building
and
five
industrial
properties.
As
of
December
31,
2000,
WRIT
owned
a
diversified
portfolio
consisting
of
23
office
buildings,
10
retail
centers,
nine
multifamily
buildings
and
15
industrial
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WRE
is
a
REIT
investing
in
income
producing
real
estate
properties
in
the
Mid-Atlantic
Region.
For
the
six
months
ended
6/30/01,
revenues
rose
12%
to
$72.7
million.
Net
income
rose
11%
to
$23.1
million.
Revenues
reflect
increased
rental
rates
for
the
sector,
the
acquisitions
of
Wayne
Plaza
and
Courthouse
Square
and
a
1999
acquisition
of
600
Jefferson
Plaza.
Net
income
was
partially
offset
by
the
absence
of
a
gain
on
the
sale
of
real
estate. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Edmund Cronin, Jr., 64 Pres,
CEO, Trustee | $855K | John Derrick, Jr., 61 Trustee | -- | Clifford Kendall, 69 Trustee | -- | John McDaniel, 58 Trustee | -- | Charles Nason, 55 Trustee | -- | 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
|
|