| | Business Summary | | Capital
Automotive
REIT
is
a
real
estate
investment
trust
that
owns
interests
in
real
estate
through
Capital
Automotive
L.P.
Its
primary
business
strategy
is
to
invest
in
real
estate
and
at
the
same
time
enter
into
long-term,
triple-net
leases
with
operators
of
franchised
automobile
dealerships,
motor
vehicle
service,
repair
or
parts
businesses
and
related
businesses.
As
of
December
31,
2000,
the
Company
owned
244
properties
located
in
27
states,
a
total
of
approximately
1,518
acres
of
land
containing
approximately
8.9
million
square
feet
of
buildings
and
improvements.
Its
tenants
operate
365
motor
vehicle
franchises
on
its
properties,
representing
39
brands
of
motor
vehicles.
In
August
2001,
the
Company
acquired
nine
automotive
retail
properties
from
CarMax,
a
division
of
Circuit
City
Stores,
Inc.
This
acquisition
added
approximately
413,000
square
feet
of
buildings
and
improvements
on
approximately
116
acres
of
land
in
seven
states. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | CARS
is
a
self-administered
and
self-managed
REIT,
formed
to
invest
in
the
real
property
and
improvements
used
by
operators
of
multi-site,
multi-franchised
motor
vehicle
dealerships
and
motor
vehicle
related
businesses
throughout
the
United
States.
For
the
six
months
ended
6/30/01,
revenues
rose
12%
to
$56.5
million.
Net
income
rose
9%
to
$13.9
million.
Results
reflect
the
growth
of
the
real
estate
portfolio
and
property
acquisitions,
partially
offset
by
higher
interest
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Pohanka, 72
Chairman
of Trustees | -- | Thomas Eckert, 53
Pres,
CEO and Trustee | $1.2M | David Kay, 34
CFO,
VP | 528K | Craig Fuller, 50
Trustee | -- | David Gladstone, 58
Trustee | -- | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/c/cars.gif)