| | Business Summary | | HRPT
Properties
Trust
is
a
real
estate
investment
trust
(REIT)
that
invests
in
office
buildings.
As
of
December
31,
2000,
the
Company
owned
191
office
properties
for
a
total
investment
of
$2.5
billion
at
cost
and
a
depreciated
book
value
of
$2.4
billion.
In
addition,
the
Company
owns
minority
equity
positions
in
two
former
subsidiary
REITs,
Hospitality
Properties
Trust
and
Senior
Housing
Properties
Trust,
which
are
now
separately
listed
on
the
New
York
Stock
Exchange.
HRPT's
day-to-day
operations
are
conducted
by
REIT
Management
&
Research
Inc.
(RMR),
its
investment
manager.
RMR
provides
investment
advice,
property
management
and
administrative
services
to
the
Company.
RMR
originates
and
presents
investment
and
sales
opportunities
to
its
Board
of
Trustees. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | HRPT
Properties
Trust
is
a
real
estate
investment
trust
(REIT)
that
invests
in
income-producing
real
estate,
including
office
buildings
and
medical
office
buildings.
As
of
12/99,
the
Co.
invests
in
191
properties.
For
the
six
months
ended
6/30/01,
revenues
fell
1%
to
$198.5
million.
Earnings
applicable
to
Common
and
before
extraordinary
item
fell
15%
to
$46.7
million.
Results
reflect
lower
occupancy
rates,
a
lower
number
of
properties
and
the
absence
of
$2
million
in
property
sale
gains. | | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| John Mannix, 44
Pres
and COO | $19K | John Popeo, 39
CFO,
Treasurer and Sec. | 19K | Patrick Donelan, 57
Trustee | -- | Justinian Manning, 73
Trustee | -- | Gerard Martin, 65
Trustee | -- | | 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/h/hrp.gif)