| Business Summary | | Corporate
Office
Properties
Trust
is
a
fully-integrated
and
self-managed
real
estate
investment
trust
that
focuses
principally
on
the
ownership,
management,
leasing,
acquisition
and
development
of
suburban
office
buildings
located
in
select
submarkets
in
the
Mid-Atlantic
region
of
the
United
States.
The
Company
has
four
segments:
Baltimore/Washington
Corridor
office,
Greater
Philadelphia
office,
Northern/Central
New
Jersey
office
and
Greater
Harrisburg
office.
As
of
December
31,
2000,
the
Company
owned
83
office
properties
in
Maryland,
Pennsylvania
and
New
Jersey
containing
approximately
6.5
million
rentable
square
feet;
had
construction
underway
on
three
new
buildings
totaling
approximately
301,000
square
feet
and
owned
a
50%
interest
in
joint
ventures
constructing
two
additional
new
buildings
totaling
approximately
268,000
square
feet;
had
development
underway
on
two
land
parcels
on
which
it
plans
to
construct
two
new
buildings;
and
owned
options
to
purchase
73
acres
of
land. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Corporate
Office
Properties
is
a
self-administered
REIT
which
focuses
on
the
ownership,
acquisition,
development
and
management
of
suburban
office
buildings
in
targeted
submarkets
in
the
U.S.
For
the
six
months
ended
6/30/01,
revenues
rose
16%
to
$60.8
million.
Net
income
applicable
to
Common
before
extraordinary
item
and
acct.
change
rose
29%
to
$6.6
million.
Results
reflect
increased
rental
income
due
to
property
acquisitions
and
increased
gains
on
property
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Jay Shidler, 54 Chairman,
Trustee | -- | Clay Hamlin, III, 55 CEO,
Trustee | $98K | Randall Griffin, 55 Pres
and COO | 723K | Roger Waesche, Jr., 45 Sr.
VP and CFO | 855K | Michael Kaiser, 48 Pres
of Corp. Management Services, LLC | 557K | 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
|
|