| Business Summary | | Pennsylvania
Real
Estate
Investment
Trust
is
a
fully
integrated,
self-administered
and
self-managed
real
estate
investment
trust
(REIT)
that
acquires,
develops,
redevelops
and
operates
retail
and
multi-family
properties.
As
of
December
31,
2000,
the
Company
owned
interests
in
23
shopping
centers
containing
an
aggregate
of
approximately
10.8
million
square
feet,
19
multi-family
properties
containing
7,242
units
and
four
industrial
properties
with
an
aggregate
of
approximately
300,000
square
feet.
The
Company
also
owns
interests
in
six
shopping
centers
under
development.
The
Company
also
provides
management,
leasing
and
development
services
for
affiliated
and
third-party
owners. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pennsylvania
Real
Estate
Investment
Trust
is
an
equity
R.E.I.T.
which
acquires,
rehabilitates,
develops,
and
operates
shopping
centers
and
multi-family
properties.
For
the
six
months
ended
6/30/01,
revenues
increased
5%
to
$54.5
million.
Net
income
decreased
58%
to
$9
million.
Revenues
reflect
increased
properties
in
service,
increased
rental
rates,
and
higher
occupancy
rates.
Earnings
were
offset
by
increased
corporate
payroll
and
benefits
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Sylvan Cohen, 86 Chairman
of Trustee | $354K | Ronald Rubin, 69 CEO,
Trustee, Director | 997K | Jonathan Weller, 54 Pres,
COO, Trustee | 864K | Edward Glickman, 43 CFO,
Exec. VP | 931K | William Dimeling, 59 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
|
|