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Home > Company Index > Real Estate > REIT - Residential > Cornerstone Realty Income Trust, Inc.

Cornerstone Realty Income Trust, Inc.
NYSE: TCR
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 NEWS FROM THE WIRES
Cornerstone Q2 funds from operations fall
Aug 02 2001 06:50 AM PDT

More WIRE STORIES about this company

 PROFILE
Cornerstone Realty Income Trust builds its foundation apartment by apartment. The self-managed and self-advised real estate investment trust (REIT) buys, manages, and refurbishes apartment complexes in the South. The company's portfolio comprises 72 complexes holding more than 18,000 apartments in Georgia, North Carolina, South Carolina, Texas, and Virginia. Focused primarily in urban and suburban areas of midsized and large cities, the REIT's properties often include such amenties as clubhouses, fitness centers, and swimming pools. The company expands by acquisitions and expansion of existing properties.

 COMPETITION
Archstone Communities Trust (ASN)
Summit Properties Inc. (SMT)
United Dominion Realty Trust, Inc. (UDR)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 168.40
1-Yr. Sales Growth: 34.3%
Employees: 540
Revenue per employee: $311,851.85

 KEY PEOPLE
• Glade M. Knight
    CEO
• Stanley J. Olander
    CFO

 CONTACT INFO
306 E. Main St.
Richmond, VA 23219
US
Phone: 804-643-1761
Fax: 804-782-9302
Online: Web Site

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