| Business Summary | | Atlantic
Gulf
Communities
Corporation
is
a
planned
community
development
and
asset
management
company.
The
Company's
Core
Business
consists
of
two
principal
business
lines,
Development
of
Luxury/Resort
Projects
and
Other
Operations,
principally
including
Receivables
Portfolio
Management
and
the
sale
of
Non-Luxury/Resort
Projects. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AGLF
is
engaged
in
the
acquisition,
development
and
sale
of
residential
homesites,
and
the
construction
and
sale
of
selected
vertical
residential
products.
AGLF
also
disposes
of
predecessor
homesites
and
tracts.
For
the
nine
months
ended
9/30/00,
revenues
fell
21%
to
$35.5
million.
Net
loss
applicable
to
Common
fell
51%
to
$22.4
million.
Results
reflect
lower
Commercial
Development
sales
due
to
lack
of
inventory
for
sale,
offset
by
lower
inventory
valuation
reserve
and
SG&A
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| J. Rutherford, 54 Chairman | $542K | Richard Ackerman, 41 Pres,
CEO | 158K | Lisa Anness, 43 Sr.
VP- Planning | 252K | J. Gillette, lll, 55 Sr.
VP- Community Devel. for North Florida | 264K | Frank Weed, 51 Sr.
VP- Resorts Division | 264K | 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
|
|