| Business Summary | | IRT
Property
Company
is
an
owner,
operator,
developer
and
redeveloper
of
neighborhood
and
community
shopping
centers
located
primarily
in
the
southeastern
United
States.
The
Company
is
usually
anchored
by
necessity-oriented
retailers
such
as
supermarkets,
drugstores
and
discount
variety
stores.
IRT
is
a
self-administered
and
self-managed
equity
real
estate
investment
trust
with
acquisition,
development,
redevelopment,
financing,
property
management
and
leasing
capabilities.
The
Company
has
five
subsidiaries
that
include
IRT
Partners,
L.P.
(LP),
IRT
Capital
Corporation
II
(IRTCCII)
and
three
wholly
owned
subsidiaries,
consisting
of
VW
Mall,
Inc.
(VWM),
IRT
Alabama,
Inc.
(IRTAL)
and
IRT
Management
Company
(IRTMC). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IRT
Property
is
a
self-administered
and
self-managed
equity
real
estate
investment
trust
with
principal
investments
in
neighborhood
and
community
shopping
centers
in
the
southeastern
U.S.
For
the
six
months
ended
6/30/01,
total
revenues
increased
2%
to
$43.8
million.
Net
income
decreased
11%
to
$13.9
million.
Revenues
benefited
from
the
gain
on
sale
of
outparcel.
Earnings
were
offset
by
higher
operating
expenses
and
a
lower
gain
on
sale
of
properties. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Thomas McAuley, 54 Chairman,
Pres, CEO | $432K | James Levy, 41 Exec.
VP, CFO, Chief Accounting Officer | -- | W. Jones, III, 49 Exec.
VP | 179K | Robert Mitzel, 51 Exec.
VP | 179K | E. Anderson, 37 Sr.
VP, Director of Leasing | 160K | 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
|
|