| Business Summary | | Horizon
Group
Properties
Inc.
(HGP)
is
a
self-administered
and
self-managed
real
estate
investments
trust
(REIT)
that
owns
or
holds
interests
in
a
number
of
real
estate
properties.
As
of
year-end
2000,
the
Company's
portfolio
consisted
of
14
factory
outlet
centers
and
one
power
center,
located
in
12
states.
The
operations
of
the
Company
are
primarily
conducted
through
a
subsidiary
limited
partnership,
Horizon
Group
Properties,
L.P.
(HGP
LP),
of
which
the
Company
is
the
sole
general
partner.
HGP
owns
approximately
84.9%
of
the
partnership
interests
of
HGP
LP. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Horizon
Group
Properties
is
a
self-administered
and
self-managed
real
estate
investment
trust
(REIT)
whose
portfolio
consists
of
14
factory
outlet
centers
and
one
power
center
located
in
12
states.
For
the
three
months
ended
3/31/01,
total
revenues
fell
10%
to
$6.1
million.
Net
loss
increased
98%
to
$920
thousand.
Results
reflect
lower
rental
income
due
to
the
sale
of
properties,
and
increased
depreciation
expense
and
real
estate
taxes. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
5,742;
after
tax
earnings
were
-508. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Gary Skoien, 47 Chairman,
Pres and CEO | $320K | David Tinkham, 45 CFO,
Sr. VP, Sec. | 205K | Andrew Pelmoter, 37 Sr.
VP of Leasing | 207K | Thomas Rumptz, 40 Sr.
VP of Asset and Property Management | 192K | 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
|
|