| Business Summary | | TrizecHahn
Corporation
owns
and
operates
a
portfolio
of
office
buildings
in
the
United
States.
TrizecHahn's
strategy
is
to
focus
on
the
core
United
States
office
business,
optimize
value
from
the
disposition
of
non-core
assets
and
maximize
and
realize
the
value
of
its
technology
center
investments.
At
December
31,
2000,
the
Company
owned
interests
in
a
core
United
States
office
portfolio
of
73
properties
containing
approximately
48
million
square
feet,
of
which
TrizecHahn's
ownership
interest
was
approximately
40
million
square
feet.
The
Company
has
an
additional
6.5
million
square
feet
of
office
development
potential
in
key
United
States
markets.
Approximately
83%
of
TrizecHahn's
total
rental
income
or
net
operating
income
(NOI)
for
the
year
ended
December
31,
2000
was
derived
from
the
United
States
office
portfolio
and
17%
from
non-core
properties.
In
2000,
TrizecHahn
commenced
the
disciplined
monetization
of
non-core
assets
in
Canada,
the
United
States
and
Europe. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TrizecHahn
Corporation
owns,
develops
and
manages
office
buildings
and
regional
retail
centeres
in
the
United
States,
Canada
and
Europe.
For
the
six
months
ended
6/01,
revenues
decreased
16%
to
$530.2
million.
Net
loss
totalled
$5.8
million,
vs.
an
income
of
$45.3
million.
Revenues
suffered
from
a
decrease
in
rental
income
from
its
U.S.
office
portfolio.
Net
loss
also
reflects
increased
reorganization
costs
and
a
$19.4
million
in
foreign
exchange
loss. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Peter Munk | Chairman | Christopher Mackenzie, 46 | Pres,
CEO, Deputy Chairman | C. William Birchall | Vice
Chairman | Gregory Wilkins | Vice
Chairman | Gregory Hanson, 45 | CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|