PRESENTATION GUIDE REITWeek TM : 06NRI InvestorForum 2006 NAREIT
June 6-8, 2006 TM 20 REIT Week06 Waldorf=Astoria, New York, NY NAREIT Investor Forum
National Association of Real Estate Investment Trusts® REITs: Building Dividends & Diversification®
1875 I St, NW, Suite 600 • Washington, D.C. 20006 ph: (202) 739-9400 • fax: (202) 739-9401 www.nareit.com • www.investinreits.com
© ® Copyright June 2006 by the National Association of Real Estate Investment Trusts, Inc. All rights reserved. Presentation Guide No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means; electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. NAREIT is the exclusive registered mark of the National Association of Real Estate Investment Trusts, Inc.®
NAREIT® does not intend this publication to be a solicitation related to any particular company, nor does it intend to provide investment, legal or tax advice. Investors should consult with their own investment, legal or tax advisers regarding the appropriateness of investing in any of the securities or investment strategies discussed in this publication. Nothing herein should be construed to be an endorsement by NAREIT of any specific company or products or as an offer to sell or a solicitation to buy any security or other financial instrument or to participate in any trading strategy. ® NAREIT expressly disclaims any liability for the accuracy, timeliness or completeness of data in this publication. Unless otherwise indicated, all data are derived from, and apply only to, publicly traded National Association of Real Estate Investment Trusts securities. All values are unaudited and subject to revision. Any investment returns or performance data (past, hypothetical, or otherwise) are not necessarily indicative of future returns or performance. ® © Copyright 2006 National Association of Real Estate Investment Trusts®. NAREIT® is the exclusive registered trademark of the National Association of Real Estate Investment Trusts. REITs: Building Dividends & Diversification www.realestateportfolio.comReal Estate Portfolio Subscribe to Magazine! Log on to NAREIT Meetings Calendar
2006 Events
September 18 – 19 Senior Financial Officer/Investor Relations Officer Workshop* New York Marriott Financial Center Hotel, New York, NY
November 8 – 10 Annual Convention The 2006 Real Estate Portfolio magazine, San Francisco Marriott, San Francisco, CA Special Issue will focus on the role of REITs in the ever- expanding defined LockLock InIn 2007 Events contribution and defined YourYour AdAd Now!Now! benefit investment Real Estate Portfolio March 28 – 30 universe. Numerous Law & Accounting Conference research reports and Marriott Doral Golf Resort & Spa, Miami, FL studies show the value of investing in REITs June 5 – 7 une ly J 20 Ear and the dividend and 07 REITWeekTM: NAREIT Investor Forum 2007* Week diversification benefits NAREIT Investor Forum Waldorf=Astoria, New York, NY REIT they bring to every September 17 – 18 retirement portfolio.
Senior Financial Officer/Investor Relations Officer Workshop* at 202-721-1497 or [email protected] Hotel TBD, New York, NY Advertising Deadline: July 14, 2006 November 14 – 16 Publication Date: Annual Convention Sept. 1, 2006 Bellagio Hotel, Las Vegas, NV Kathleen Thomas Bonus Distribution: * by invitation • MONEY SHOW, Oct. 16-18, San Francisco • Expo Real, Oct. 23-25, 2006, Munich, Germany • NAREIT Annual Convention, Nov For information about advertising in the 2006 Special Issue of NAREIT’s For information about advertising in the 2006 Special Issue of NAREIT’s please contact: Real Estate Portfolio’s 2006 REITWeekTM Presentation Guide
On behalf of Real Estate Portfolio, I would like to welcome you to REITWeekTM: 2006 NAREIT Investor Forum.
At Real Estate Portfolio, our mission is to provide readers with compre- hensive and insightful coverage of the REIT and real estate investment marketplace. Over the past several years, we have witnessed a greater interest on the part of investors—both institutional and individual—to explore the opportunities to be found in real estate securities. Much of that interest can be seen every year at this event.
With this ongoing interest, there has developed a bona fide need for information and analysis about the trends, developments, personalities and capital market activities in this dynamic market. The dedicated team of professionals who make up the Real Estate Portfolio staff strive to bring our readers the critical information they need in every issue, while also providing features and resources devoted to the human side of the industry not found anyplace else.
As the official publication of the National Association of Real Estate Investment Trusts (NAREIT), Real Estate Portfolio truly delivers an unmatched readership of REIT and real estate investment executives and professionals, as well as a growing array of both dedicated and non-dedicated institutional and individual investors.
We are proud to provide for you this Presentation Guide which includes key information for each of the companies participating in this year’s REITWeek: Investor Forum. We hope you enjoy this year’s forum and we look forward to continuing to be your source on REITs and real estate investment. As always, I am anxious to hear from you regarding any feedback you may have on Real Estate Portfolio.
Sincerely,
Matthew Bechard
Editor in Chief June 6-8, 2006 TM 20 REIT Week06 Waldorf=Astoria, New York, NY NAREIT Investor Forum REAL ESTATE PORTFOLIO’S
PUBLIC REITs AND REAL ESTATE COMPANIES: Asia Canada Europe
June 6-8, 2006 TM 20 REIT Week06 Waldorf=Astoria, New York, NY NAREIT Investor Forum
*Note: All dollar values in U.S. unless noted. The British Land Company plc
10 Cornwall Terrace, Regent’s Park Notes London, United Kingdom, NW1 4QP 44-20-7486-4466 44-20-7935-5552 www.britishland.co.uk
Equity Market Capitalization: $11,706,700,000
Stock Exchange: LSE Ticker: BLND
Company Description: One of the largest landlords in London, British Land owns, develops and manages office build- ings, shopping centers, and other properties throughout the U.K. and Ireland.
Management Team: Stephen A. M. Hester Chief Executive John H. Ritblat Chairman John H. Weston Smith COO Stephen A. M. Hester
Investor Relations Contact: Amanda Jones [email protected] Phone: 44-20-7467-2946 Fax: 44-20-7935-5552 21 Brixton plc
50 Berkeley Street Notes London, United Kingdom, WiJ 8BX 44-20-7399-4500 44-20-7399-4500 www.brixton.plc.uk
Equity Market Capitalization: $2,350,800,000
Stock Exchange: LSE Ticker: BXTN
Company Description: The largest industrial property owner in the U.K., Brixton owns some 25 million sq. ft. of property (primarily warehouse and industrial holdings). Major tenants include Royal Mall, Siebel Systems and British Airways. Subsidiary B-Serv handles property management services. In January 2005, the company acquired Industrious Target Group’s 163-property portfo- lio (11.6 million sq. ft.) for $1.1 billion.
Management Team: Timothy C. Wheeler Chief Executive Lady Louise Patten Chairman Steven Owen Deputy Chief Executive Timothy C. Wheeler
Investor Relations Contact: Phone: 44-20-7399-4500 Fax: 44-20-7399-4500
22 Capital & Regional plc
10 Lower Grosvenor Place Notes London, United Kingdom, SW1W 0EN 44-20-7932-8000 44-20-7802-5600 www.capreg.com
Equity Market Capitalization: $1,411,800,000
Stock Exchange: LSE Ticker: CAL
Company Description: Capital & Regional co-invests in and manages U.K. property assets, including shopping malls, retail parks, and leisure properties. The Mall, its retail fund specializing in shopping centers, owns some 20 malls comprising more than 5.5 million sq. ft. of space (and representing about half of the group’s investments).
Management Team: Martin Barber Chief Executive Lord Viscount (Tom) Chandos Chairman William Sunnucks Finance Director Martin Barber
Investor Relations Contact: Sarah Jones [email protected] Phone: 44-20-7932-8101 Fax: 44-20-7932-8808 23 Chartwell Seniors Housing REIT 100 Miverton Drive, Suite 700 Notes Mississauga, ON, L5R4HI Canada 905-501-9219 905-501-0813 www.chartwellreit.ca
Equity Market Capitalization: $621,400,000
Stock Exchange: TSX Ticker: CSH.UN
Company Description: Chartwell REIT is a growth-oriented investment trust owning and managing a complete spec- trum of seniors housing properties in major cen- ters across Canada and the U.S. Chartwell REIT is currently the second-largest participant in the Canadian seniors housing business with a grow- ing presence in the U.S. market. Chartwell REIT will capitalize on the strong demographic trends present in its markets to grow internally and through accretive acquisitions. Chartwell REIT also has an exclusive option to purchase stabi- lized facilities from Spectrum Seniors Housing Development LP, a seniors housing development company.
Management Team: Robert Ezer CEO Steven Suske Vice Chairman & President Vlad Voldarski CFO Richard Noonan Robert Ezer COO
Investor Relations Contact: [email protected] Phone: (905) 501-9219 Fax: (905) 501-0813
24 Hammerson plc
100 Park Lane Notes London, United Kingdom W1K 7AR 44-20-7887-1000 44-20-7887-1010 www.hammerson.co.uk
Equity Market Capitalization: $5,962,300,000
Stock Exchange: LSE Ticker: HMSO
Company Description: Hammerson is a leading European property company, with operations in the U.K., France and Germany. The group invests in and devel- ops shopping centers, retail parks and prime offices. Its high-quality portfolio is valued at more than $10.5 billion.
Management Team: R. John G. Richards Chief Executive Ronald R. Spinney Chairman Simon R. Melliss Group Finance Director R. John G. Richards
Investor Relations Contact: Olivia Hall Phone: 44-20-7887-1000
25 Japan Retail Fund Investment Corporation Izumikan Kioicho Bldg, 4-3 Kioicho, Chiyoda-ku Notes Tokyo, Japan 81-3-3511-1721 81-3-3511-1731 www.jrf-reit.com
Equity Market Capitalization: $2,474,600,000
Stock Exchange: TSE Ticker: JRF
Company Description: Japan Retail Fund Investment Corporation is a Japanese real estate investment trust (J-REIT) which focuses exclusively on the retail property class, a property class which is in its early stages of restructuring and rationalization in Japan. It is the third listed J-REIT and the first to focus pri- marily on retail properties. As of April 14, 2005, JRF owned 29 retail properties containing approximately 1,259,994 square meters of leaseable space.
Management Team: Yuichi Hiromoto President & CEO Liu Hing Hung Deputy President & CFO
Yuichi Hiromoto
Investor Relations Contact: Shunichi Minami [email protected] Phone: 81-3-3511-1692 Fax: 81-3-3511-1731 26 Legacy Hotels Real Estate Investment Trust 100 Wellington St. West, Ste. 1600 Notes Toronto, Canada, M5K 1B7 416-874-2600 416-874-2422 www.legacyhotels.ca
Equity Market Capitalization: $651,100,000
Stock Exchange: TSX Ticker: LGY
Company Description: Legacy is Canada’s premier hotel real estate investment trust with 24 luxury and first-class hotels and resorts with more than 10,000 gue- strooms located in Canada and the U.S. The portfolio includes landmark properties such as Fairmont Le Chateau Frontenac, the Fairmont Royal York, the Fairmont Empress and the Fairmont Olympic Hotels, Seattle. The manage- ment companies of Fairmont Hotels & Resorts Inc. operate all of Legacy’s properties.
Management Team: Neil J. Labatte President, CEO, & Trustee Richard A. Goldstein Chairman Robert M. Puttman VP & CFO Neil J. Labatte
Investor Relations Contact: Chantal Nappert [email protected] Phone: (416) 860-6140 Fax: (416) 860-6101 27 Slough Estates
234 Bath Road Notes Slough SL1 4EE Slough, England SL1 4EE 44-1753-537171 44-1753-820585 www.sloughestates.com
Equity Market Capitalization: $4,654,600,000
Stock Exchange: LSE Ticker: SLOU
Company Description: Slough Estates is a property investment and development company. It develops and invests in property located in the U.K., Continental Europe and the U.S.–focusing on edge-of-town flexible business space.
Management Team: Ian Coull Chief Executive Paul Orchard-Lisle Chairman
Ian Coull
Investor Relations Contact: Michael Waring [email protected]
28 REAL ESTATE PORTFOLIO’S
PUBLIC REITs AND REAL ESTATE COMPANIES: United States
June 6-8, 2006 TM 20 REIT Week06 Waldorf=Astoria, New York, NY NAREIT Investor Forum Acadia Realty Trust
1311 Mamaroneck Avenue, Suite 260 Notes White Plains, NY 10605 www.acadiarealty.com
NYSE: AKR Equity Market Capitalization: $707,321,000 Average Daily Trading Volume: 103,360 Dividend Yield: 3.28% Property Sector: Retail
Company Description: Acadia Realty Trust is a fully integrated and self-managed equity real estate investment trust which specializes in the acquisition, redevelop- ment and operation of shopping centers anchored by grocery and value-oriented retail.
Location(s) of Owned Properties: CA, CT, DE, FL, IL, IN, MA, MI, MO, NJ, NY, OH, OR, PA, RI, SC, VA, VT
Management Team: Kenneth F. Bernstein President & CEO Michael Nelsen CFO Joel Braun CIO Kenneth F. Bernstein
Investor Relations Contact: Jonathan Grisham [email protected] Phone: (914) 288-8100 Fax: (914) 428-2760 31 Agree Realty Corporation
31850 Northwestern Highway Notes Farmington Hills, MI 48334 www.agreerealty.com
NYSE: ADC Equity Market Capitalization: $241,271,000 Average Daily Trading Volume: 32,720 Dividend Yield: 6.23% Property Sector: Retail
Company Description: Agree Realty Corporation is a self-advised, self-managed real estate investment trust that develops, acquires, owns and operates properties that are primarily leased to major national and regional retail companies under net leases. The properties consist of 12 neighborhood and com- munity shopping centers and 47 free-standing properties located in 15 states.
Location(s) of Owned Properties: CA, FL, IL, IN, KS, KY, MD, MI, NE, NJ, NY, OH, OK, PA, WI
Management Team: Richard A. Agree Chairman, President & CEO Kenneth R. Howe CFO
Richard A. Agree
Investor Relations Contact: Kenneth R. Howe [email protected] Phone: (248) 737-4190 Fax: (248) 737-9110 32 Alexandria Real Estate Equities, Inc. 385 E. Colorado Blvd., Suite 299 Notes Pasadena, CA 91101 www.labspace.com
NYSE: ARE Equity Market Capitalization: $2,037,493,000 Average Daily Trading Volume: 129,615 Dividend Yield: 3.09% Property Sector: Industrial/Office
Company Description: Alexandria Real Estate Equities, Inc. is a publicly traded real estate company focused principally on the ownership, operation, management, acquisition, conversion, retrofit, and expansion of properties containing office/lab space. Such properties are designed and improved for lease primarily to pharmaceutical biotechnology, diag- nostic, device, contract research and personal care products companies, scientific research institutions, related government agencies and technology enterprises.
Location(s) of Owned Properties: CA, GA, MA, MD, NC, NJ, PA, VA
Management Team: Jerry Sudarsky Chairman Joel S. Marcus CEO James H. Richardson President Dean A. Shigenaga Joel S. Marcus CFO
Investor Relations Contact: Joel S. Marcus [email protected] Phone: (626) 578-0777 Fax: (626) 578-0770 33 AMB Property Corporation
Pier 1, Bay 1 Notes San Francisco, CA 94111 www.amb.com
NYSE: AMB Equity Market Capitalization: $4,256,596,000 Average Daily Trading Volume: 436,625 Dividend Yield: 3.68% Property Sector: Industrial/Office
Company Description: AMB Property Corporation is a leading owner and operator of industrial real estate, focused on major hub and gateway distribution markets throughout North America, Europe and Asia. As of Dec. 31, 2005, AMB owned, or had invest- ments in, on a consolidated basis or through unconsolidated joint ventures, or managed buildings, properties and development projects expected to total approximately 115 million sq. ft. (10.7 sq. meters) and 1,057 buildings in 42 markets within 11 countries. AMB invests in properties located predominantly in the infill submarkets of its targeted markets. The compa- ny’s portfolio is comprised of High Throughput Distribution facilities—industrial properties built for speed and located near airports, seaports and ground transportation systems.
Location(s) of Owned Properties: CA, DC, FL, GA, IL, MD, MA, MN, NJ, NY, NC, OH, OR, TN, TX, WA
Management Team: Hamid R. Moghadam Chairman & CEO W. Blake Baird President Michael A. Coke CFO Hamid R. Moghadam
Investor Relations Contact: Margan Mitchell [email protected] Phone: (415) 394-9000 Fax: (415) 394-9001 34 American Financial Realty Trust 610 Old York Rd. Notes Jenkintown, PA 19046 www.afrt.com
NYSE: AFR Equity Market Capitalization: $1,460,634,000 Average Daily Trading Volume: 1,179,270 Dividend Yield: 9.49% Property Sector: Industrial/Office
Company Description: American Financial Realty Trust is a self-adminis- tered, self-managed real estate investment trust that acquires properties from, and leases to, reg- ulated financial institutions. AFR owns and man- ages assets primarily under long-term triple net and bond net leases with banks. The company, whose IPO was on June 30, 2003, is led by CEO Nicholas S. Schorsch and non-executive chairman Lewis S. Ranieri.
Location(s) of Owned Properties: AL, AR, AZ, CA, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, ME, MD, MO, MS, NC, NH, NJ, NM, NY, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, VA, VT, WA, WI
Management Team: Lewis S. Ranieri Chairman Nicholas S. Schorsch Vice Chairman, President & CEO Dave Nettina CFO & Treasurer Glenn Blumenthal Nicholas S. Schorsch COO Lee Saltzman CIO
Investor Relations Contact: Muriel S. Lange [email protected] Phone: (215) 887-2280 Fax: (215) 885-1596 35 American Land Lease, Inc.
29399 U.S. Highway 19 North, Suite 320 Notes Clearwater, FL 33761 www.americanlandlease.com
NYSE: ANL Equity Market Capitalization: $201,205,000 Average Daily Trading Volume: 10,095 Dividend Yield: 3.78% Property Sector: Residential
Company Description: American Land Lease, Inc. is a self-administered and self-managed company engaged in the ownership, development, expansion, manage- ment and acquisition of residential land lease communities. The company holds interests as owner or ground lessee in 30 manufactured home communities with an approximate total of 7,488 operational homesites, 1,083 developed expansion sites, 1,270 undeveloped expansion sites, and 129 recreational vehicle sites, as of March 17, 2006.
Location(s) of Owned Properties: AZ, FL
Management Team: Terry Considine Chairman & CEO Robert G. Blatz President & COO Shannon E. Smith CFO & Treasurer Robert G. Blatz
Investor Relations Contact: Debbie Lollar [email protected] Phone: (800) 826-6069 Fax: (727) 726-0788 36 American Mortgage Acceptance Company 625 Madison Avenue Notes New York, NY 10022 www.americanmortgageco.com
AMEX: AMC Equity Market Capitalization: $126,577,000 Average Daily Trading Volume: 20,340 Dividend Yield: 10.51% Property Sector: Mortgage
Company Description: American Mortgage Acceptance Company is a real estate investment trust that focuses on pro- viding first mortgage, mezzanine and bridge financing to real estate developers and owners throughout the U.S. While its roots are based in the multifamily housing industry, the company also provides capital for commerical properties, including office, retail, industrial and medical office assets. AMAC also acquires government- insured or agency-guaranteed first mortgage loans.
Management Team: Jeff T. Blau Interim Chairman & CEO Marc D. Schnitzer President Alan P. Hirmes CFO Donald J. Meyer Daryl J. Carter CIO Daryl J. Carter Executive Vice President
Investor Relations Contact: Hande Tuney [email protected] Phone: (212) 317-5700 Fax: (212) 751-3550 37 Annaly Mortgage Management, Inc. 1211 Avenue of the Americas, Suite 2902 Notes New York, NY 10036 www.annaly.com
NYSE: NLY Equity Market Capitalization: $2,125,588,000 Average Daily Trading Volume: 2,999,660 Dividend Yield: 3.27% Property Sector: Mortgage
Company Description: Annaly Mortgage Management, Inc. purchases, manages and finances mortgage assets. To date, all of the assets in the portfolio are AAA quality, with FNMA, GNMA and FHLMC guarantees. The company generates income for distribution to its shareholders from the difference of the interest income less interest expense of the mortgage assets in the portfolio, less operating expenses.
Management Team: Michael A.J. Farrell Chairman, President & CEO Kathryn F. Fagan CFO & Treasurer Wellington Denahan-Norris Vice Chairman & CIO Michael A.J. Farrell
Investor Relations Contact: Annie Montoya [email protected] Phone: (212) 696-0100 Fax: (212) 696-9809 38 Arbor Realty Trust, Inc.
333 Earle Ovington Boulevard, Suite 900 Notes Uniondale, NY 11553 www.arborrealtytrust.com
NYSE: ABR Equity Market Capitalization: $440,999,000 Average Daily Trading Volume: 112,695 Dividend Yield: 11.12% Property Sector: Mortgage
Company Description: Arbor Realty Trust, Inc. is a real estate invest- ment trust which invests in a diversified portfolio of multifamily and commercial real estate related bridge and mezzanine loans, preferred equity investments, mortgage-related securities and other real estate related assets. Arbor com- menced operations in July 2003 and conducts substantially all of its operations through its operating partnership, Arbor Realty Limited Partnership. Arbor is externally managed and advised by Arbor Commercial Mortgage LLC, a national commercial real estate finance company operating through 15 offices in the U.S. that specializes in debt and equity financing for multifamily and commercial real estate.
Management Team: Ivan Kaufman Chairman, President & CEO Paul Elenio CFO
Ivan Kaufman
Investor Relations Contact: Paul Elenio [email protected] Phone: (516) 832-8002 Fax: (516) 832-8043 39 Archstone-Smith
9200 East Panorama Circle, Suite 400 Notes Englewood, CO 80112 www.archstonesmith.com
NYSE: ASN Equity Market Capitalization: $10,362,071,000 Average Daily Trading Volume: 1,077,675 Dividend Yield: 3.56% Property Sector: Residential
Company Description: Archstone-Smith, an S&P 500 company, is a rec- ognized leader in apartment investment and operations. The company’s portfolio is concen- trated in many of the most desirable neighbor- hoods in the Washington, D.C. metropolitan area, Southern California, the San Francsisco Bay Area, the New York City metropolitan area, Boston, Chicago, S.E. Florida and Seattle. As of March 31, 2006, the company owned or had an ownership position in 254 communities, representing 86,513 units, including units under construction.
Location(s) of Owned Properties: AZ, CA, CO, CT, DC, FL, GA, IL, MA, MD, NC, NJ, NY, OR, TN, TX, VA, WA
Management Team: R. Scot Sellers Chairman & CEO Charles E. Mueller, Jr. CFO J. Lindsay Freeman COO R. Scot Sellers
Investor Relations Contact: H. Andrew Cantor [email protected] Phone: (303) 708-5959 Fax: (303) 708-5999 40 Ashford Hospitality Trust, Inc. 14185 Dallas Parkway, Suite 1100 Notes Dallas, TX 75254 www.ahtreit.com
NYSE: AHT Equity Market Capitalization: $633,158,000 Average Daily Trading Volume: 287,315 Dividend Yield: 6.87% Property Sector: Lodging/Resorts
Company Description: Ashford Hospitality Trust is a self-administered real estate investment trust focused on investing in the hospitality industry across all segments and at all levels of the capital structure, including direct hotel investments, first mortgages, mezzanine loans and sale-leaseback transactions.
Location(s) of Owned Properties: AL, AZ, CA, CO, FL, GA, IL, IN, KY, MA, MD, MN, NJ, NV, OH, PA, TX, VA, VT
Management Team: Archie Bennett, Jr. Chairman Montgomery J. Bennett CEO & President David J. Kimichik CFO & Treasurer Montgomery J. Bennett
Investor Relations Contact: Tripp Sullivan [email protected] Phone: (972) 490-9600 Fax: (972) 490-9287 41 AvalonBay Communities, Inc.
2900 Eisenhower Avenue, Suite 300 Notes Alexandria, VA 22314 www.avalonbay.com
NYSE: AVB Equity Market Capitalization: $7,918,685,000 Average Daily Trading Volume: 338,200 Dividend Yield: 2.90% Property Sector: Residential
Company Description: As of Dec. 31, 2005, AvalonBay owned or held an ownership interest in 158 apartment commu- nities containing 45,474 apartment homes in 10 states and the District of Columbia, of which 15 communities were under construction and two communities were under reconstruction. AvalonBay is an equity REIT in the business of developing, redeveloping, acquiring and manag- ing apartment communities in high barrier-to- entry markets of the U.S.
Location(s) of Owned Properties: CA, CT, DC, IL, MD, MA, NJ, NY, RI, VA, WA
Management Team: Bryce Blair Chairman & CEO Timothy J. Naughton President Thomas J. Sargeant CFO Leo Horey Bryce Blair COO
Investor Relations Contact: Gary Tiedemann [email protected] Phone: (703) 317-4704 Fax: (703) 329-1459 42 BioMed Realty Trust
17140 Bernardo Center Drive, Suite 222 Notes San Diego, CA 92128 www.biomedrealty.com
NYSE: BMR Equity Market Capitalization: $1,290,847,000 Average Daily Trading Volume: 204,190 Dividend Yield: 4.19% Property Sector: Office
Company Description: BioMed Realty Trust is a real estate investment trust focused on acquiring, developing, owning, leasing and managing laboratory and office space for lease to life science companies. BioMed targets properties in markets with established reputations as centers for scientific research, including San Diego, San Francisco, Seattle, Maryland, Pennsylvania, New York, New Jersey and Boston. BioMed currently owns 40 properties, which include 63 buildings with 4.7 million rentable sq. ft. of life science and laboratory real estate.
Location(s) of Owned Properties: CA, MA, MD, NH, NJ, NY, PA, UT, WA
Management Team: Alan D. Gold Chairman, President & CEO R. Kent Griffin, Jr. CFO
Alan D. Gold
Investor Relations Contact: John F. Wison, II [email protected] Phone: (858) 485-9840 Fax: (858) 485-9843 43 Boston Properties, Inc.
111 Huntington Avenue, Suite 300 Notes Boston, MA 02199-7602 www.bostonproperties.com
NYSE: BXP Equity Market Capitalization: $9,931,205,000 Average Daily Trading Volume: 874,190 Dividend Yield: 3.08% Property Sector: Industrial/Office
Company Description: Boston Properties, Inc. is a self-advised and self- managed real estate investment trust that devel- ops, acquires, owns, and manages a diverse portfolio of Class A office, industrial and hotel properties located in four core markets: Boston, Washington, D.C., midtown Manhattan and San Francisco. The company is one of the largest owners and developers of office properties in the U.S.
Location(s) of Owned Properties: CA, DC, MA, MD, NJ, NY, VA
Management Team: Mortimer B. Zuckerman Chairman Edward H. Linde President & CEO Douglas T. Linde CFO James Whalen Edward H. Linde CIO
Investor Relations Contact: Kathleen DiChiara [email protected] Phone: (617) 236-3300 Fax: (617) 536-5087 44 Brandywine Realty Trust
401 Plymouth Road, Suite 500 Notes Plymouth Meeting, PA 19462 www.brandywinerealty.com
NYSE: BDN Equity Market Capitalization: $2,495,279,000 Average Daily Trading Volume: 559,310 Dividend Yield: 5.93% Property Sector: Industrial/Office
Company Description: Brandywine Realty Trust is one of the largest full-service, completely integrated real estate companies in the U.S. Organized as a real estate investment trust, Brandywine owns, manages or has ownership interest in office and industrial properties aggregating 49 million sq. ft.
Location(s) of Owned Properties: CA, DE, MD, NJ, PA, TX, VA
Management Team: Walter D’Alessio Chairman Gerard H. Sweeney President & CEO Christopher P. Marr CFO Gerard H. Sweeney
Investor Relations Contact: Marge Boccuti [email protected] Phone: (610) 832-7702 Fax: (610) 325-5622 45 Brookfield Properties Corporation Three World Financial Center, 200 Vesey Street Notes New York, NY 10281-1021 www.brookfieldproperties.com
NYSE, Toronto Stock Exchange: BPO Equity Market Capitalization: $7,470,000,000 Average Daily Trading Volume: 472,755 Dividend Yield: 2.20% Property Sector: Industrial/Office
Company Description: Brookfield Properties Corporation, one of North America’s largest commercial real estate companies, owns, develops and manages pre- mier office properties. The portfolio comprises 75 commercial properties and development sites totaling 57 million sq. ft. in the downtown cores of New York, Boston, Washington, D.C., Toronto, Calgary and Ottawa. Landmark prop- erties include the World Financial Center in New York City and BCE Place in Toronto.
Location(s) of Owned Properties: CO, DC, MA, MN, NY, VA
Management Team: Gordon E. Arnell Chairman Richard B. Clark President & CEO Craig J. Laurie CFO Richard B. Clark
Investor Relations Contact: Melissa J. Coley [email protected] Phone: (212) 417-7000 Fax: (212) 417-7196 46 Camden Property Trust
Three Greenway Plaza, Suite 1300 Notes Houston, TX 77046 www.camdenliving.com
NYSE: CPT Equity Market Capitalization: $3,566,528,000 Average Daily Trading Volume: 314,900 Dividend Yield: 3.84% Property Sector: Residential
Company Description: Camden Property Trust is a real estate company engaged in the ownership, development, acqui- sition, management and disposition of multifam- ily apartment communities. Camden owns inter- ests in and operates 188 properties containing 64,749 apartment homes across the U.S. Upon completion of nine properties under develop- ment, the company’s portfolio will increase to 67,960 apartment homes in 197 properties.
Location(s) of Owned Properties: AZ, CA, CO, DC, FL, GA, KY, MD, MO, NV, NC, PA, TX, VA
Management Team: Richard J. Campo Chairman & CEO D. Keith Oden President & COO Dennis M. Steen CFO Maria Anzilotti Richard J. Campo CIO
Investor Relations Contact: Kimberly A. Callahan [email protected] Phone: (713) 354-2500 Fax: (713) 354-2700 47 Capital Lease Funding, Inc.
110 Maiden Lane, 36th Floor Notes New York, NY 10005 www.caplease.com
NYSE: LSE Equity Market Capitalization: $297,630,000 Average Daily Trading Volume: 239,840 Dividend Yield: 7.49% Property Sector: Mortgage
Company Description: Capital Lease Funding Inc. is a net lease REIT focused on commercial real estate assets that are net leased primarily to high credit quality corporate, government and not-for-profit ten- ants. The company provides private and corpo- rate owners of net leased real estate with a full range of equity, debt and mezzanine financing options.
Management Team: Lewis Ranieri Chairman Paul H. McDowell CEO William R. Pollert President Shawn P. Seale Paul H. McDowell CFO Robert Blanz CIO
Investor Relations Contact: Brad Cohen [email protected] Phone: (212) 217-6300 Fax: (212) 217-6301 48 Capital Trust, Inc.
410 Park Avenue, 14th Floor Notes New York, NY 10022 www.capitaltrust.com
NYSE: CT Equity Market Capitalization: $471,414,000 Average Daily Trading Volume: 57,610 Dividend Yield: 7.72% Property Sector: Mortgage
Company Description: Capital Trust, Inc. is a finance and investment management company focused on the commer- ical real estate industry. Capital Trust combines extensive real estate experience and capital mar- kets expertise with a broad network of relation- ships to originate, underwrite, structure, close and manage real estate-related high-yield debt and other investments. Since its inception in 1997, Capital Trust has established itself as a leader in the field of commercial real estate finance, having closed more than $5 billion of mezzanine and other high-yield investments.
Management Team: Samuel Zell Chairman John R. Klopp CEO Geoffrey G. Jervis CFO Stephen D. Plovin Samuel Zell COO
Investor Relations Contact: Robert Salomon [email protected] Phone: (212) 843-8000 Fax: (212) 843-9200 49 Capstead Mortgage Corporation One Lincoln Park Notes 8401 North Central Expressway, Suite 800 Dallas, TX 75225 www.capstead.com
NYSE: CMO Equity Market Capitalization: $146,441,000 Average Daily Trading Volume: 120,565 Dividend Yield: 1.04% Property Sector: Mortgage
Company Description: Capstead Mortgage Corporation, a real estate investment trust, earns income from investing in real estate-related assets and other investment strategies.
Management Team: Paul M. Low Chairman Andrew F. Jacobs President & CEO Phillip A. Reinsch CFO Andrew F. Jacobs
Investor Relations Contact: Bethany L. Siggins [email protected] Phone: (214) 874-2323 Fax: (214) 874-2398 50 CharterMac
625 Madison Avenue Notes New York, NY 10022 www.chartermac.com
NYSE: CHC Equity Market Capitalization: $971,231,500 Average Daily Trading Volume: 160,603 Dividend Yield: 8.80% Property Sector: Mortgage
Company Description: CharterMac, through its subsidiaries, is one of the nation’s leading full-service real estate finance companies, with a strong core focus on the multifamily industry. CharterMac offers capital solutions to developers and owners of properties throughout the country and quality investment products to institutional and retail real estate investors.
Management Team: Stephen M. Ross Chairman Mark D. Schnitzer President & CEO Alan P. Hirmes CFO & COO Mark D. Schnitzer
Investor Relations Contact: Brenda Abuaf [email protected] Phone: (800) 831-4826 Fax: (212) 751-3550 51 CBL & Associates Properties, Inc. CBL Center, Suite 500 Notes 2030 Hamilton Place Boulevard Chattanooga, TN 37421-6000 www.cblproperties.com
NYSE: CBL Equity Market Capitalization: $2,549,101,000 Average Daily Trading Volume: 340,465 Dividend Yield: 4.58% Property Sector: Retail
Company Description: CBL is a real estate investment trust which owns, develops and acquires regional malls and community shopping centers throughout the U.S. The company has a portfolio of 132 prop- erties totaling 74 million sq. ft. and manages an additional 2 million sq. ft. of non-owned shopping centers.
Location(s) of Owned Properties: AL, AR, CA, CO.FL, GA, IL, IN, KS, KY, LA, MD, MI, MN, MS, MO, NC, OH, PA, SC, TN, TX, UT, VA, WI, WY
Management Team: Charles B. Lebovitz Chairman & CEO Stephen D. Lebovitz President John N. Foy Vice Chairman, CFO & Treasurer John N. Foy
Investor Relations Contact: Katie Reinsmidt [email protected] Phone: (423) 855-0001 Fax: (423) 490-8390 52 Cedar Shopping Centers, Inc.
44 South Bayles Avenue, Suite 304 Notes Port Washington, NY 11050 www.cedarshoppingcenters.com
NYSE: CDR Equity Market Capitalization: $482,296,000 Average Daily Trading Volume: 126,195 Dividend Yield: 6.10% Property Sector: Retail
Company Description: Cedar Shopping Centers, Inc. is a self-managed real estate investment trust focused on super- market-anchored shopping centers and drug store-anchored convenience centers. Cedar was organized originally in 1984 and reorganized under the laws of the state of Maryland in 1998 with an UPREIT operating partnership structure.
Management Team: Leo S. Ullman Chairman, President & CEO Thomas J. O’Keeffe CFO
Leo S. Ullman
Investor Relations Contact: Stephanie Carrington [email protected] Phone: (516) 767-6492 Fax: (516) 767-6497 53 Cogdell Spencer Inc.
4401 Barclay Downs Drive, Suite 300 Notes Charlotte, NC 28209 www.cogdellspencer.com
NYSE: CSA Equity Market Capitalization: $148,918,000 Average Daily Trading Volume: 27,430 Dividend Yield: 1.21% Property Sector: Health Care
Company Description: Cogdell Spencer Inc. is a fully integrated, self- administered and self-managed REIT. Cogdell partners with hospitals and physicians to create, implement and manage health care real estate plans that support the provider’s health care delivery strategy. Cogdell Spencer develops investment real estate that brings physicians and hospitals into positive economic ventures.
Location(s) of Owned Properties: GA, IN, KY, LA, NC, SC
Management Team: Jim Cogdell Chairman Frank Spencer President & CEO Charles Handy CFO Frank Spencer
Investor Relations Contact: Dana Crothers [email protected] Phone: (704) 940-2900 Fax: (704) 940-2957 54 Colonial Properties Trust
2101 Sixth Avenue North, Suite 750 Notes Birmingham, AL 35203 www.colonialprop.com
NYSE: CLP Equity Market Capitalization: $2,205,421,000 Average Daily Trading Volume: 199,935 Dividend Yield: 5.52% Property Sector: Diversified
Company Description: Colonial Properties Trust owns a portfolio of more than 275 multifamily, office and retail properties where you live, work and shop throughout the sunbelt region of the U.S. Colonial Properties Trust is one of the largest diversified REITs in the U.S. with a total market capitalization of $5.5 billion. As of Sept. 30, 2005 the company owns or manages more than 48,000 apartment units, 20 million sq. ft. of office space and 13 million sq. ft. of retail shopping space.
Location(s) of Owned Properties: AL, AZ, FL, GA, MS, NV, NM, NC, SC, TN, TX, VA
Management Team: Thomas H. Lowder Chairman C. Reynolds Thompson, III CEO Weston M. Andress President & CFO Thomas H. Lowder
Investor Relations Contact: Barbara Pooley [email protected] Phone: (205) 250-8700 Fax: (205) 250-8890 55 Corporate Office Properties Trust 8815 Centre Park Drive, Suite 400 Notes Columbia, MD 21045 www.copt.com
NYSE: OFC Equity Market Capitalization: $1,641,674,000 Average Daily Trading Volume: 218,145 Dividend Yield: 2.70% Property Sector: Industrial/Office
Company Description: Corporate Office Properties Trust is a fully inte- grated, self-managed real estate investment trust, which focuses on the ownership, manage- ment, leasing, acquisition and development of suburban office properties located in select Mid-Atlantic submarkets. The company has implemented a core customer expansion strategy that is built around meeting, through acquisitions and development, the multi-location requirements of the company’s existing strategic tenants.
Location(s) of Owned Properties: CO, MD, NJ, PA, TX, VA
Management Team: Jay H. Shidler Chairman Randall M. Griffin President, CEO & COO Roger A. Waesche, Jr. CFO Randall M. Griffin
Investor Relations Contact: Mary Ellen Fowler [email protected] Phone: (410) 730-9092 Fax: (410) 740-1174 56 Cousins Properties Incorporated 2500 Windy Ridge Parkway, Suite 1600 Notes Atlanta, GA 30339 www.cousinsproperties.com
NYSE: CUZ Equity Market Capitalization: $1,582,718,000 Average Daily Trading Volume: 165,200 Dividend Yield: 4.71% Property Sector: Diversified
Company Description: Cousins Properties Incorporated’s portfolio con- sists of interests in 7.5 million sq. ft. of office space, 3.8 million sq. ft. of retail space, 400,000 sq. ft. of industrial space, more than 10,000 acres of strategically located land for sale or future developement, and significant land holdings for development of single-family residential commu- nities. Cousins also provides leasing and manage- ment services to third-party investors. Cousins is a fully integrated equity real estate investment trust than has been public since 1962.
Location(s) of Owned Properties: AL, CA, FL, GA, NC, TN, TX
Management Team: Thomas G. Cousins Chairman Thomas D. Bell, Jr. President & CEO James A. Fleming CFO Thomas G. Charlesworth Thomas D. Bell, Jr. CIO
Investor Relations Contact: Patrick T. Hickey, Jr. [email protected] Phone: (770) 955-2200 Fax: (770) 857-2360 57 Crescent Real Estate Equities Company 777 Main Street, Suite 2100 Notes Fort Worth, TX 76102-5325 www.crescent.com
NYSE: CEI Equity Market Capitalization: $2,018,548,000 Average Daily Trading Volume: 458,865 Dividend Yield: 7.50% Property Sector: Diversified
Company Description: Crescent Real Estate Equities Company is a real estate investment trust headquartered in Fort Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and manages a portfo- lio of 76 premier office buildings totaling more than 30 million sq. ft. primarily located in the S.W. U.S., with major concentrations in Dallas, Houston, Austin, Denver, Miami and Las Vegas. In addition, Crescent has investments in world- class resorts, spas and upscale residential developments.
Location(s) of Owned Properties: AZ, CA, CO, FL, GA, MA, TX, WA
Management Team: Richard E. Rainwater Chairman John C. Goff Vice Chairman & CEO Dennis H. Alberts President & COO Jerry R. Crenshaw, Jr. John C. Goff CFO
Investor Relations Contact: Jane Mody [email protected] Phone: (817) 321-1086 Fax: (817) 321-2060 58 Developers Diversified Realty Corporation 3300 Enterprise Parkway Notes Beachwood, OH 44122-7249 www.ddr.com
NYSE: DDR Equity Market Capitalization: $5,750,016,000 Average Daily Trading Volume: 417,485 Dividend Yield: 4.44% Property Sector: Retail
Company Description: Developers Diversified Realty Corporation is the nation’s leading owner, developer and manager of market-dominant community centers, operat- ing as a self-administered and self-managed real esate investment trust.
Location(s) of Owned Properties: AL, AZ, AR, CA, CO, CT, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI
Management Team: Scott A. Wolstein Chairman & CEO David M. Jacobstein President & COO William H. Schafer CFO Daniel B. Hurwitz Scott A. Wolstein CIO
Investor Relations Contact: Michelle Dawson [email protected] Phone: (216) 755-5500 Fax: (216) 755-1500 59 Digital Realty Trust, Inc.
560 Mission Street, Suite 2900 Notes San Francisco, CA 94105 www.digitalrealtytrust.com
NYSE: DLR Equity Market Capitalization: $770,001,000 Average Daily Trading Volume: 144,535 Dividend Yield: 3.76% Property Sector: Mixed (Industrial/Office)
Company Description: Digital Realty Trust, Inc. owns, acquires, reposi- tions and manages technology-related real estate. The company’s 45 properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise data center tenants. Comprising approximately 8.1 million net rentable sq. ft., excluding 1.2 million sq. ft. of space held for redevelopment, Digital Realty’s property portfolio is located throughout the U.S. and Western Europe.
Location(s) of Owned Properties: AZ, CA, CO, FL, GA, IL, MA, MN, NJ, PA, TX, VA
Management Team: Richard A. Magnuson Chairman Michael F. Foust CEO A. William Stein CFO & CIO Michael F. Foust
Investor Relations Contact: Pamela A. Matthews [email protected] Phone: (415) 738-6500 Fax: (415) 738-6501 60 Duke Realty Corporation
600 East 96th Street, Suite 100 Notes Indianapolis, IN 46240 www.dukerealty.com
NYSE: DRE Equity Market Capitalization: $4,865,850,000 Average Daily Trading Volume: 515,905 Dividend Yield: 5.31% Property Sector: Mixed (Industrial/Office)
Company Description: Duke Realty Corporation is the largest publicly traded office and industrial real estate company in the U.S. Offering a complete range of real estate products and services, Duke produces more than $800 million in annual revenue from approximate- ly 3,500 tenants and focuses on building domi- nant market positions across the Midwest, Southwest and Southeast. Duke owns interests in more than 105 million sq. ft. of properties, has more than 1,000 employees and owns or controls more than 4,800 acres of undeveloped land that can support approximately 69 million sq. ft. of future development.
Location(s) of Owned Properties: FL, GA, IL, IN, MN, MO, NC, OH, TN, TX
Management Team: Dennis D. Oklak Chairman & CEO Matthew A. Cohoat CFO
Dennis D. Oklak
Investor Relations Contact: Shona L. Bedwell [email protected] Phone: (317) 808-6000 Fax: (317) 808-6770 61 EastGroup Properties, Inc.
300 One Jackson Place Notes 188 East Capitol Street Jackson, MS 39201-2195 www.eastgroup.net
NYSE: EGP Equity Market Capitalization: $981,883,000 Average Daily Trading Volume: 103,525 Dividend Yield: 4.39% Property Sector: Industrial/Office
Company Description: EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the acquisition, ownership and selective development of industrial properties in major sunbelt markets throughout the U.S. EastGroup’s portfolio includes approximately 21.8 million sq. ft. and properties currently under development of approximately 870,000 sq. ft.
Location(s) of Owned Properties: AZ, CA, CO, FL, LA, MI, MS, OK, TN, TX
Management Team: Leland R. Speed Chairman David H. Hoster, II President & CEO N. Keith McKey CFO & Treasurer David H. Hoster, II
Investor Relations Contact: Wendi M. Powers [email protected] Phone: (601) 354-3555 Fax: (601) 352-1441 62 Education Realty Trust, Inc.
530 Oak Court Drive, Suite 300 Notes Memphis, TN 38117 www.educationrealty.com
NYSE: EDR Equity Market Capitalization: $394,052,000 Average Daily Trading Volume: 204,200 Dividend Yield: 7.98% Property Sector: Residential
Company Description: Education Realty Trust, Inc. is a self-managed, self-advised real estate investment trust organ- ized to own, acquire, manage and selectively develop student housing communities located near university campuses. EDR currently owns and/or manages approximately 36,468 beds at 59 properties near campuses across the U.S. The company is continuing the student housing busi- ness of Allen & O’Hara, an experienced student housing company.
Location(s) of Owned Properties: AL, AZ, CA, FL, GA, IL, IN, KS, KY, MI, MS, MO, NC, OH, OK, PA, SC, TN, TX, WV
Management Team: Paul O. Bower Chairman, President & CEO Randall H. Brown CFO Craig L. Cardwell CIO Paul O. Bower
Investor Relations Contact: Bob Hetherington [email protected] Phone: (901) 259-2500 Fax: (901) 259-2547 63 Entertainment Properties Trust 30 Pershing Road, Suite 201 Notes Kansas City, MO 64108 www.eprkc.com
NYSE: EPR Equity Market Capitalization: $1,057,511,000 Average Daily Trading Volume: 123,860 Dividend Yield: 6.73% Property Sector: Specialty
Company Description: Entertainment Properties Trust is the only pub- licly traded real estate investment trust focused on the acquisition of high-quality real estate assets leased to leading location-based enter- tainment operators. Since November 1997, EPR has acquired more than $700 million in proper- ties. The company’s portfolio of tenants include AMC Entertainment, Muvico Entertainment, Regal Entertainment Group, Loew’s Cineplex Entertainment, Consolidated Theatres, Rave Motion Pictures and AmStar Entertainment.
Location(s) of Owned Properties: AR, CA, CO, DC, FL, GA, ID, IL, KS, LA, MI, MO, NE, NC, NY, OH, SC, TX, VA
Management Team: Bob Druten Chairman David M. Brain President & CEO Fred L. Kennon CFO & Treasurer David M. Brain
Investor Relations Contact: Jonathan B. Weis [email protected] Phone: (816) 472-1700 Fax: (816) 472-5794 64 Equity Inns, Inc.
7700 Wolf River Boulevard Notes Germantown, TN 38138 www.equityinns.com
NYSE: ENN Equity Market Capitalization: $868,271,000 Average Daily Trading Volume: 220,260 Dividend Yield: 4.69% Property Sector: Lodging/Resorts
Company Description: Equity Inns, Inc. is a self-administered real estate investment trust specializing in the upscale extended-stay, all-suite and midscale limited- service segments of the hotel industry. The com- pany owns a geographically diverse portfolio of 125 hotels with approximately 15,000 rooms, located in 36 states. More than 95 percent of the portfolio is comprised of Hampton Inns & Suites, Hampton Inn, Hilton Garden Inn and Homewood Suites by Hilton, Residence Inns, Courtyard, Spring Hill Suites and Towne Place Suites by Marriott and AmeriSuites by Hyatt.
Location(s) of Owned Properties: AL, AZ, AR, CA, CO, CT, FL, GA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NE, NV, NJ, NM, NY, NC, OH, OK, OR, PA, SC, TN, TX, VT, VA, WA, WV
Management Team: Phillip H. McNeill, Sr. Chairman Howard A. Silver President & CEO J. Mitchell Collins CFO Howard A. Silver
Investor Relations Contact: Micki Cothern [email protected] Phone: (901) 754-7774 Fax: (901) 754-2374 65 Equity Office Properties Trust Two North Riverside Plaza, Suite 2100 Notes Chicago, IL 60606 www.equityoffice.com
NYSE: EOP Equity Market Capitalization: $13,163,994,000 Average Daily Trading Volume: 2,623,495 Dividend Yield: 4.09% Property Sector: Industrial/Office
Company Description: Equity Office Properties Trust is the largest office building owner and manager in the U.S. With more than 620 properties comprising more than 110 million sq. ft. of office space in the country’s major metropolitan markets, Equity Office is strategically positioned to provide unique solutions for businesses with local, regional and national needs.
Location(s) of Owned Properties: AZ, CA, CO, CT, DC, FL, GA, IL, LA, MA, MN, NY, OH, OR, PA, TX, VA, WA
Management Team: Samuel Zell Chairman Richard D. Kincaid President & CEO Marsha C. Williams CFO Peyton Owen, Jr. Richard D. Kincaid COO Jeffrey L. Johnson CIO
Investor Relations Contact: Kevin Berry [email protected] Phone: (312) 466-3300 Fax: (312) 466-3396 66 Equity One, Inc.
1600 NE Miami Gardens Drive Notes North Miami Beach, FL 33179 www.equityone.net
NYSE: EQY Equity Market Capitalization: $1,726,775,000 Average Daily Trading Volume: 156,650 Dividend Yield: 5.22% Property Sector: Retail
Company Description: Equity One, Inc. is a real estate investment trust that principally acquires, renovates, develops and manages neighborhood and community shopping centers anchored by national and regional supermarket chains and other necessity- oriented retailers such as drug stores or discount retail stores in major metropolitan markets of the southern and northeastern U.S.
Location(s) of Owned Properties: AL, CT, FL, GA, KY, LA, MA, MS, NC, SC, TN, TX, VA
Management Team: Chaim Katzman Chairman & CEO Doron Valero President & COO Howard Sipzner CFO Ilan Zachar Chaim Katzman CIO
Investor Relations Contact: Feryal Akin [email protected] Phone: (305) 947-1664 Fax: (305) 947-1734 67 Equity Residential
Two North Riverside Plaza, Suite 400 Notes Chicago, IL 60606-2639 www.equityresidential.com
NYSE: EQR Equity Market Capitalization: $12,860,473,000 Average Daily Trading Volume: 1,391,985 Dividend Yield: 3.94% Property Sector: Residential
Company Description: Equity Residential (formerly Equity Residential Properties Trust) is the largest apartment REIT by revenues and equity market cap traded on the NYSE. EQR is a fully integrated operating com- pany engaged in the acquisition, operation and long-term ownership of multifamily properties throughout the U.S. As of Dec. 31, 2005, EQR owned or had an interest in 926 properties consisting of 197,404 units in 32 states and the District of Columbia.
Location(s) of Owned Properties: AZ, CA, CO, CT, DC, FL, GA, IL, IN, KY, ME, MD, MA, MI, MN, MO, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA, WI
Management Team: Samuel Zell Chairman David J. Neithercut President & CEO Donna Brandin CFO Gerald A. Spector David J. Neithercut COO Alan W. George CIO
Investor Relations Contact: John Q. Collins [email protected] Phone: (312) 474-1300 Fax: (312) 454-0434 68 Essex Property Trust, Inc.
925 East Meadow Drive Notes Palo Alto, CA 94303 www.essexpropertytrust.com
NYSE: ESS Equity Market Capitalization: $2,513,009,000 Average Daily Trading Volume: 140,225 Dividend Yield: 3.08% Property Sector: Residential
Company Description: Essex is a fully integrated real estate investment trust with ownership interests in more than 120 multifamily properties totaling about 27,000 units. It acquires, develops, redevelops and manages apartment communities in supply- constrained markets. Characteristics of these markets include: above-average job and popula- tion growth, expensive for-sale housing and a high-quality of life. Essex utilizes a proprietary research model to identify markets and invest where the most value can be created.
Location(s) of Owned Properties: CA, OR, WA
Management Team: George M. Marcus Chairman Keith R. Guericke President & CEO Michael T. Dance CFO Michael J. Schall Keith R. Guericke COO
Investor Relations Contact: [email protected] Phone: (650) 494-3700 Fax: (650) 494-8743
69 Extra Space Storage Inc.
2795 East Cottonwood Parkway, Suite 400 Notes Salt Lake City, UT 84121 www.extraspace.com
NYSE: EXR Equity Market Capitalization: $844,270,000 Average Daily Trading Volume: 183,565 Dividend Yield: 5.79% Property Sector: Self Storage
Company Description: Extra Space focuses on the development, acqui- sition and operation of convenient, secure and professional self-storage facilities in the U.S.
Location(s) of Owned Properties: AZ, CA, CO, CT, DC, FL, GA, IL, IN, KY, LA, MD, MA, MI, MO, NV, NH, NJ, NM, NY, OH, OR, PA, RI, SC, TN, TX, UT, VA, WA
Management Team: Kenneth M. Woolley Chairman & CEO Kent W. Christensen CFO
Kenneth M. Woolley
Investor Relations Contact: James Overturf [email protected] Phone: (801) 562-5556 Fax: (801) 562-5579 70 Federal Realty Investment Trust 1626 East Jefferson Street Notes Rockville, MD 20852-4041 www.federalrealty.com
NYSE: FRT Equity Market Capitalization: $3,594,836,000 Average Daily Trading Volume: 238,540 Dividend Yield: 3.25% Property Sector: Retail
Company Description: Federal Realty Investment Trust is an equity real estate investment trust specializing in the ownership, management, development and redevelopment of high-quality retail assets. The company’s properties are located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic and California. Federal Realty has increased its dividend rate for 38 consecutive years, the longest consecutive record in the REIT industry.
Location(s) of Owned Properties: CA, CT, DC, IL, IN, MD, MA, MI, NY, NC, PA, TX, VA
Management Team: Joseph S. Vassalluzzo Chairman Donald C. Wood President & CEO Larry Finger CFO & Treasurer Jeff Berkes Donald C. Wood CIO
Investor Relations Contact: Andrew Blocher [email protected] Phone: (301) 998-8100 Fax: (301) 998-3700 71 FelCor Lodging Trust Incorporated 545 East John Carpenter Freeway, Suite 1300 Notes Irving, TX 75062-3933 www.felcor.com
NYSE: FCH Equity Market Capitalization: $1,302,927,000 Average Daily Trading Volume: 432,845 Dividend Yield: 1.39% Property Sector: Lodging/Resorts
Company Description: FelCor Lodging Trust Incorporated is one of the nation’s largest hotel real estate investment trusts and the largest owner of full service, all- suite hotels in the nation. FelCor’s consolidated portfolio is comprised of 125 consolidated hotels located in 28 states and Canada. FelCor owns 66 upscale, all-suite hotels, and is the owner of the greatest number of Embassy Suites Hotels and Doubletree Guest Suites hotels. FelCor’s portfolio also includes 57 hotels in the upscale and full-service segments.
Location(s) of Owned Properties: AL, AZ, CA, CO, CT, DE, FL, GA, IL, IN, KS, KY, LA, MD, MA, MI, MN, MO, NE, NJ, NC, OK, PA, SC, TN, TX, VA
Management Team: Thomas J. Corcoran, Jr. Chairman Richard A. Smith President & CEO Andrew J. Welch CFO Michael A. DeNicola Richard A. Smith CIO
Investor Relations Contact: Stephen A. Schafer [email protected] Phone: (972) 444-4900 Fax: (972) 444-4949 72 Feldman Mall Properties, Inc. 1010 Northern Boulevard Notes Great Neck, NY 11021-5306 www.feldmanmall.com
NYSE: FMP Equity Market Capitalization: $150,648,000 Average Daily Trading Volume: 26,845 Dividend Yield: 7.58% Property Sector: Retail
Company Description: Feldman Mall Properties, Inc. acquires, reno- vates and repositions enclosed retail shopping malls. Feldman Mall Properties, Inc.’s investment strategy is to opportunistically acquire underper- forming malls and transform them into physical- ly attractive and profitable Class A malls through comprehensive renovation and re-tenanting efforts aimed at increasing shopper traffic and tenant sales.
Location(s) of Owned Properties: AZ, FL, IL, NY, OH, PA, TX
Management Team: Lawrence H. Feldman Chairman & CEO Thomas E. Wirth CFO James Bourg COO Lawrence H. Feldman
Investor Relations Contact: Thomas E. Wirth [email protected] Phone: (516) 684-1239 Fax: (516) 684-1059 73 Fieldstone Investment Corporation 11000 Broken Land Parkway, Suite 700 Notes Columbia, MD 21044 www.fieldstoneinvestment.com
NASDAQ: FICC Equity Market Capitalization: $561,660,000 Average Daily Trading Volume: 348,235 Dividend Yield: 16.70% Property Sector: Mortgage
Company Description: Fieldstone Investment Corporation, a real estate investment trust, owns and manages a portfolio of non-conforming loans originated primarily by its mortgage origination subsidiary, Fieldstone Mortgage Company.
Management Team: Thomas D. Eckert Chairman Michael J. Sonnenfeld President & CEO Nayan V. Kisnadwala CFO Michael J. Sonnenfeld
Investor Relations Contact: [email protected] Phone: (410) 772-7200 Fax: (410) 772-7299
74 First Industrial Realty Trust, Inc. 311 South Wacker Drive, Suite 4000 Notes Chicago, IL 60606-6621 www.firstindustrial.com
NYSE: FR Equity Market Capitalization: $1,744,625,000 Average Daily Trading Volume: 278,110 Dividend Yield: 7.14% Property Sector: Industrial/Office
Company Description: First Industrial Realty Trust, Inc. is the nation’s largest provider of diversified industrial real estate serving every aspect of corporate America’s industrial real estate needs, through its unique I-N-D-L operating platform, which utilizes a pure Industrial focus and National scope to provide Diverse facility types, while offering Local, full- service management. The company seeks to cre- ate enhanced shareholder value through its total return strategy which is intended to generate a higher ROIC.
Location(s) of Owned Properties: AZ, CA, CO, FL, GA, IL, IN, KY, MD, MI, MN, MO, NJ, OH, OR, PA, TN, TX, UT, WI
Management Team: Jay H. Shidler Chairman Michael W. Brennan President & CEO Michael J. Havala CFO Johannson L. Yap Michael W. Brennan CIO
Investor Relations Contact: Sean O’Neill, Art Harmon [email protected] Phone: (312) 344-4300 Fax: (312) 922-6320 75 First Potomac Realty Trust
7600 Wisconsin Avenue, 11th Floor Notes Bethesda, MD 20814 www.first-potomac.com
NYSE: FPO Equity Market Capitalization: $553,145,000 Average Daily Trading Volume: 77,625 Dividend Yield: 4.49% Property Sector: Industrial/Office
Company Description: First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that acquires and operates industrial and flex properties in the Washington, D.C. metropolitan area and other major markets in Virginia and Maryland. The company owns a 75-building portfolio totaling approximately 4.9 million sq. ft. The company’s largest tenant is the U.S. government, which leases approximately 687,000 sq. ft. in the company’s properties under 23 leases.
Location(s) of Owned Properties: DC, MD, VA, WV
Management Team: Louis T. Donatelli Chairman Douglas J. Donatelli President & CEO Barry H. Bass CFO James H. Dawson Douglas J. Donatelli COO Nicholas R. Smith CIO
Investor Relations Contact: Tripp Sullivan [email protected] Phone: (301) 986-9200 Fax: (301) 986-5554 76 Forest City Enterprises, Inc.
1100 Terminal Tower, 50 Public Square Notes Cleveland, OH 44113-2203 www.forestcity.net
NYSE: FCE.A Equity Market Capitalization: $4,570,000,000 Average Daily Trading Volume: 113,892 Dividend Yield: 0.50% Property Sector: Diversified
Company Description: Forest City Enterprises, Inc. owns, develops, acquires and manages commercial and residen- tial real estate projects in 21 states and the District of Columbia. The company has $3.4 billion in real estate assets.
Location(s) of Owned Properties: AZ, CA, CT, CO, FL, GA, IL, KS, KY, MA, MI, NC, NJ, NM, NV, NY, OH, PA, RI, TN, TX, VA, WA, WV
Management Team: Albert B. Ratner Co-Chairman Samuel H. Miller Co-Chairman & Treasurer Charles A. Ratner President & CEO Thomas F. Smith Charles A. Ratner CFO
Investor Relations Contact: Thomas T. Kmiecik [email protected] Phone: (216) 621-6060 Fax: (216) 263-6205 77 Franklin Street Properties Corp. 401 Edgewater Place, Suite 200 Notes Wakefield, MA 01880 www.franklinstreetproperties.com
AMEX: FSP Equity Market Capitalization: $1,290,414,000 Average Daily Trading Volume: 36,570 Dividend Yield: 5.82% Property Sector: Office
Company Description: Franklin Street Properties Corp. is a real estate investment trust which operates in two business segments and has two principal sources of revenue: real estate operations and investment banking/investment services. Real estate opera- tions revenue includes rental income from real estate leasing, loan origination fees from acquisition financing and management fees from asset/property management services. Investment banking/investment services revenue is derived from brokerage commissions and other fees earned during the private placement of equity used in organizing single-purpose entitites that own real estate.
Management Team: George J. Carter Chairman, President & CEO John G. Demeritt CFO Barbara J. Fournier COO & Treasurer George J. Carter
Investor Relations Contact: Donna Brownell [email protected] Phone: (781) 557-1300 Fax: (781) 557-1350 78 General Growth Properties, Inc. 110 North Wacker Drive Notes Chicago, IL 60606 www.generalgrowth.com
NYSE: GGP Equity Market Capitalization: $11,167,137,000 Average Daily Trading Volume: 1,209,595 Dividend Yield: 3.49% Property Sector: Retail
Company Description: General Growth Properties, Inc. is one of the largest self-administered regional mall real estate investment trusts in the U.S. It currently owns, develops, operates and manages 150 shopping centers throughout the U.S. The properties are geographically diversified in 49 states. General Growth Properties provides investors with the opportunity to participate in the ownership of high quality income producing real estate while also maintaining liquidity.
Location(s) of Owned Properties: AK, AL, AR, AZ, CA, CO, CT, DE, DC, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WY
Management Team: Matthew Bucksbaum Chairman John Bucksbaum CEO Robert A. Michaels President & COO Bernard Freibaum CFO John Bucksbaum Joel Bayer CIO
Investor Relations Contact: Timothy Goebel [email protected] Phone: (312) 960-5000 Fax: (312) 960-5475 79 Gladstone Commercial Corporation 1521 Westbranch Drive Notes Mc Lean, VA 22102 www.gladstonecommercial.com
NASDAQ: GOOD Equity Market Capitalization: $152,190,000 Average Daily Trading Volume: 10,240 Dividend Yield: 7.25% Property Sector: Mixed (Industrial/Office)
Company Description: Gladstone Commerical is a real estate invest- ment trust that owns triple net (NNN) leased industrial and commercial properties. Gladstone Commerical currently own 33 properties with leases ranging from five to 20 years. The com- pany’s unique strategy among commercial and industrial REITs is its expertise in reviewing the creditworthiness of its tenants. Gladstone Commercial has a history of increasing dividends and distributes monthly cash dividends to its shareholders.
Location(s) of Owned Properties: IL, IN, MA, MI, MO, NJ, NY, NC, OH, PA, SC, TX, VA, WI
Management Team: David Gladstone Chairman & CEO Terry Brubaker President & COO Harry Brill CFO George Stelljes, III David Gladstone CIO
Investor Relations Contact: Kelly Sargent [email protected] Phone: (703) 287-5800 Fax: (703) 287-5801 80 Glenborough Realty Trust Incorporated 400 South El Camino Real, Suite 1100 Notes San Mateo, CA 94402-1708 www.glenborough.com
NYSE: GLB Equity Market Capitalization: $728,584,000 Average Daily Trading Volume: 185,490 Dividend Yield: 6.68% Property Sector: Industrial/Office
Company Description: Glenborough focuses on owning and managing high-quality, multi-tenant office properties with strong demand attributes located in supply con- strained locations within large, diverse markets. As of Sept. 30, 2005, the portfolio encompasses approximately 10 million sq. ft. in 55 properties concentrated in Washington D.C., Southern California, Boston, Northern New Jersey and San Francisco.
Location(s) of Owned Properties: CA, CO, DC, FL, KS, MD, MA, NE, NV, NJ, PA, VA
Management Team: Robert Batinovich Chairman Andrew Batinovich President & CEO Brian Peay CFO Michael Steele Andrew Batinovich COO
Investor Relations Contact: Patricia Simoni [email protected] Phone: (650) 343-9300 Fax: (650) 343-7438 81 Glimcher Realty Trust
150 East Gay Street Notes Columbus, OH 43215 www.glimcher.com
NYSE: GRT Equity Market Capitalization: $941,828,000 Average Daily Trading Volume: 146,360 Dividend Yield: 7.45% Property Sector: Retail
Company Description: Glimcher Realty Trust, a real estate investment trust, is a recognized leader in the ownership, management, acquisition and development of regional and super-regional malls and communi- ty shopping centers. Glimcher was formed in 1994 to continue and expand the business and operations of The Glimcher Company, founded in 1959.
Location(s) of Owned Properties: AL, CA, FL, IL, IN, KS, KY, MI, MN, NE, NJ, NY, NC, OH, OK, OR, PA, SC, TN, TX, VA, WA, WV
Management Team: Herbert Glimcher Chairman Michael P. Glimcher President & CEO Mark E. Yale CFO & Treasurer Marshall A. Loeb Michael P. Glimcher COO
Investor Relations Contact: Carolee J. Oertel [email protected] Phone: (614) 621-9000 Fax: (614) 621-9321 82 Gramercy Capital Corp.
420 Lexington Ave, 19th Floor Notes New York, NY 10170 www.gramercycapitalcorp.com
NYSE: GKK Equity Market Capitalization: $565,975,000 Average Daily Trading Volume: 87,235 Dividend Yield: 8.05% Property Sector: Mortgage
Company Description: Gramercy Capital Corp. is a national commercial real estate specialty finance company specializ- ing in direct origination and acquisition of first mortgage and mezzanine loans, subordinate mortgage participations, preferred equity and net lease investments throughout the U.S. Gramercy is externally managed by GKK Manager LLC, a majority-owned subsidiary of SL Green Realty Corp. Both companies are headquartered in Manhattan. Gramercy has a regional office in Los Angeles.
Management Team: Stephen L. Green Chairman Marc Holliday President & CEO Bob Foley CFO Hugh Hall Marc Holliday COO Andrew Mathias CIO
Investor Relations Contact: Heidi Gillette [email protected] Phone: (212) 297-1000 Fax: (212) 297-1090 83 Health Care REIT, Inc.
One SeaGate, Suite 1500 Notes Toledo, OH 43604 www.hcreit.com
NYSE: HCN Equity Market Capitalization: $1,806,441,000 Average Daily Trading Volume: 350,010 Dividend Yield: 6.97% Property Sector: Health Care
Company Description: Health Care REIT, Inc. is a self-administered, equity real estate investment trust that invests in health care and senior housing properties.
Location(s) of Owned Properties: AZ, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, KS, KY, LA, MD, MA, MI, MS, MO, MT, NV, NH, NJ, NY, NC, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI
Management Team: George L. Chapman Chairman & CEO Raymond W. Braun President Scott A. Estes CFO Charles J. Herman, Jr. George L. Chapman CIO
Investor Relations Contact: Erin C. Ibele [email protected] Phone: (419) 247-2800 Fax: (419) 247-2826 84 Heritage Property Investment Trust, Inc. 131 Dartmouth Street, Sixth Floor Notes Boston, MA 02116-5134 www.heritagerealty.com
NYSE: HTG Equity Market Capitalization: $1,824,126,000 Average Daily Trading Volume: 154,690 Dividend Yield: 5.44% Property Sector: Retail
Company Description: Heritage is a REIT that, together with its sub- sidiaries, engages in the ownership, manage- ment, acquisition, development and redevelop- ment of community shopping centers. Heritage currently owns and manages 159 properties with approximately 25 million sq. ft. of GLA in 26 states throughout the East and Midwest. Heritage conducts its operations from its head- quarters in Boston and 14 regional offices.
Location(s) of Owned Properties: AL, CT, FL, GA, IL, IN, IA, KS, KY, ME, MA, MI, MN, MO, NE, NH, NJ, NM, NY, NC, OH, PA, SD, TN, VT, VA
Management Team: Thomas C. Prendergast Chairman, President & CEO David G. Gaw CFO Robert Prendergast COO Thomas C. Prendergast
Investor Relations Contact: Claire Koeneman [email protected] Phone: (617) 247-2200 Fax: (617) 266-0885 85 Highland Hospitality Corporation 8405 Greensboro Drive, Suite 500 Notes McLean, VA 22102 www.highlandhospitality.com
NYSE: HIH Equity Market Capitalization: $759,694,000 Average Daily Trading Volume: 250,605 Dividend Yield: 4.96% Property Sector: Lodging/Resorts
Company Description: Highland Hospitality Corporation is a lodging REIT which is primarily focused on hotel invest- ments in the U.S. within the upscale full-service and premium limited-service and extended-stay segments. The company currently owns 17 upscale full-service and limited-service hotel prop- erties with an aggregate of 4,952 guestrooms in 13 states, and the District of Columbia.
Location(s) of Owned Properties: AZ, CA, CO, DC, FL, GA, MD, MA, NE, NJ, NY, TN, TX, VA
Management Team: Bruce D. Wardinski Chairman James L. Francis President & CEO Douglas W. Vicari CFO & Treasurer Patrick Campbell James L. Francis CIO
Investor Relations Contact: Sean Dell’Orto [email protected] Phone: (703) 336-4901 Fax: (703) 336-4905 86 Highwoods Properties, Inc.
3100 Smoketree Court, Suite 600 Notes Raleigh, NC 27604-1051 www.highwoods.com
NYSE: HIW Equity Market Capitalization: $1,704,116,000 Average Daily Trading Volume: 283,495 Dividend Yield: 5.39% Property Sector: Industrial/Office
Company Description: Highwoods Properties, Inc., a member of the S&P MidCap 400 Index, is a fully integrated, self-administered real estate investment trust that provides leasing, management, develop- ment, construction and other customer-related services for its properties and for third parties. Highwoods’ properties and development land are located in Florida, Georgia, Iowa, Kansas, Maryland, Missouri, North Carolina, South Carolina, Tennessee and Virginia.
Location(s) of Owned Properties: FL, GA, IA, KS, MD, MO, NC, SC, TN, VA
Management Team: O. Temple Sloan, Jr. Chairman Edward J. Fritsch President & CEO Terry L. Stevens CFO Michael E. Harris Edward J. Fritsch COO
Investor Relations Contact: Tabitha N. Zane [email protected] Phone: (919) 872-4924 Fax: (919) 873-0690 87 Home Properties, Inc.
850 Clinton Square, Eighth Floor Notes Rochester, NY 14604 www.homeproperties.com
NYSE: HME Equity Market Capitalization: $1,575,852,000 Average Daily Trading Volume: 249,145 Dividend Yield: 5.12% Property Sector: Residential
Company Description: Home Properties is a REIT that owns, operates, acquires and rehabilitates market-rate multifami- ly apartment communities in select markets, pre- dominantly in the Northeast, Mid-Atlantic and Southeast Florida regions. With central offices in Rochester, N.Y., Home Properties owns approxi- mately 43,500 units in 153 apartment commu- nities. The company’s primary business strategy is to purchse mature properties and reposition them through major upgrades and rehabilitation.
Location(s) of Owned Properties: DE, FL, IL, ME, MD, MA, MI, NJ, NY, PA, VA
Management Team: Norman P. Leenhouts Nelson B. Leenhouts Co-Chairmen Edward J. Pettinella President & CEO David P. Gardner CFO Edward J. Pettinella John E. Smith CIO Investor Relations Contact: Charis W. Warshof [email protected] Phone: (585) 546-4900 Fax: (585) 546-5433 88 Hospitality Properties Trust
400 Centre Street Notes Newton, MA 02458-2076 www.hptreit.com
NYSE: HPT Equity Market Capitalization: $3,099,106,000 Average Daily Trading Volume: 432,435 Dividend Yield: 6.77% Property Sector: Lodging/Resorts
Company Description: The only hotel REIT with investment-grade rat- ings on its unsecured debt, HPT’s long-term, pooled management agreements and leases include security deposits, all-or-none renewal options, the highest capital reserve in the indus- try, new hotels (average age 10 years), strong brands and substantial rent coverage. HPT leases its hotels to unaffiliated opertators. HPT owns Amerisuites, Candlewood, Country Inn & Suites, Courtyard, Crowne Plaza, Holiday Inn, Holiday Inn Select, Homestead Studio Suites, Intercontinental, Marriott, Park Plaza, Radisson, Residence Inn, SpringHill Suites, Staybridge Suites and TownePlace Suites hotels.
Location(s) of Owned Properties: AL, AZ, CA, CO, CT, DE, FL, GA, HI, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NC, NE, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, WA, WI, WV
Management Team: John G. Murray President & COO Mark L. Kleifges CFO
John G. Murray
Investor Relations Contact: Timothy A. Bonang [email protected] Phone: (617) 964-8389 Fax: (617) 969-5730 89 Host Hotels & Resorts, Inc.
6903 Rockledge Drive, Suite 1500 Notes Bethesda, MD 20817 www.hosthotels.com
NYSE: HST Equity Market Capitalization: $10,230,350,000 Average Daily Trading Volume: 4,975,635 Dividend Yield: 2.66% Property Sector: Lodging/Resorts
Company Description: Host Hotels & Resorts is one of the largest own- ers of hotels in the world, with 122 upscale and luxury full-service lodging properties primarily located in the U.S. and operated under the Marriott, RitzCarlton, Hyatt, Four Seasons, Hilton and Swiss Hotels brands. Host Hotels & Resorts has a strategy for maximizing sharehold- er value: acquire high-quality, full-service hotels at attractive prices with the potential for signifi- cant capital appreciation. The company elected REIT status as of Jan. 1, 1999.
Location(s) of Owned Properties: AZ, CA, CO, CT, DC, FL, GA, IL, IN, LA, MD, MA, MI, MN, MO, NH, NJ, NM, NY, NC, OH, OK, OR, PA, TN, TX, UT, VA, WA
Management Team: Richard E. Marriott Chairman Christopher J. Nassetta President & CEO W. Edward Walter CFO Christopher J. Nassetta
Investor Relations Contact: Kevin Jacobs [email protected] Phone: (240) 744-1000 Fax: (240) 744-5494 90 HRPT Properties Trust
400 Centre Street Notes Newton, MA 02458-2076 www.hrpreit.com
NYSE: HRP Equity Market Capitalization: $2,304,269,000 Average Daily Trading Volume: 877,270 Dividend Yield: 7.65% Property Sector: Industrial/Office
Company Description: HRPT Properties Trust is a real estate investment trust which primarily owns office buildings located throughout the U.S. HRPT has a large concentration of properties leased to the U.S. government and medical related tenants. HRPT also owns approxi- mately 18 million sq. ft. of leased commercial and industrial lands located in Oahu, HI. HRPT was founded in 1986 and went public on the NYSE as a REIT that owned health care related propeties. In the 1990s, HRPT transformed into an office REIT by selling health care assets and buying office buildings. HRPT has been investment-grade rated since 1994 and is included in a number of financial indices, including the Russell 1000, the MSCI U.S. REIT Index, S&P REIT Composite Index and the FTSE NAREIT Real Estate Index.
Location(s) of Owned Properties: AK, AZ, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KS, KY, MD, MA, MI, MN, MO, NH, NJ, NM, NY, OH, OK, PA, RI, TN, TX, VA, WA, WV, WY
Management Team: Barry M. Portnoy Gerard M. Martin Co-Chairmen John A. Mannix President & COO John C. Popeo CFO & Treasurer John A. Mannix
Investor Relations Contact: Timothy A. Bonang [email protected] Phone: (617) 332-3990 Fax: (617) 332-2261 91 IMPAC Mortgage Holdings, Inc. 1401 Dove Street, Suite 100 Notes Newport Beach, CA 92660 www.impaccompanies.com
AMEX: IMH Equity Market Capitalization: $722,554,000 Average Daily Trading Volume: 697,515 Dividend Yield: 10.53% Property Sector: Mortgage
Company Description: The company’s principal business activities are: acting as a REIT-qualified investor primarily in non-conforming Alt-A residential mortgage loans and mortgage-backed securities and, to a lesser extent, small balance multifamily loans; through its taxable subsidiary, Impac Funding Corp. purchasing non-conforming Alt-A mort- gage loans from third-party correspondent loan originators and, subsequently securitizing and selling such loans; and conducting a warehouse lending operation by providing short-term lines of credit to approved mortgage banks.
Management Team: Joseph R. Tomkinson Chairman & CEO William S. Ashmore President & COO Richard J. Johnson CFO Joseph R. Tomkinson
Investor Relations Contact: Tania Jernigan [email protected] Phone: (949) 475-3600 Fax: (949) 475-3969 92 Innkeepers USA Trust
340 Royal Poinciana Way, Suite 306 Notes Palm Beach, FL 33480 www.innkeepersusa.com
NYSE: KPA Equity Market Capitalization: $687,644,000 Average Daily Trading Volume: 530,345 Dividend Yield: 3.75% Property Sector: Lodging/Resorts
Company Description: Innkeepers USA Trust is a hotel real estate invest- ment trust that owns 71 hotels with an aggregate of 8,957 rooms/suites. The majority of the hotels are Residence Inn by Marriott hotels (44) and Hampton Inn hotels (12). The hotels are located in 21 states and Washington, D.C. Innkeepers focuses primarily on upscale extended-stay hotels, with 51 of its 71 properties in the upscale extended-stay segment.
Location(s) of Owned Properties: CA, CO, CT, DC, FL, GA, IL, IN, KS, KY, ME, MD, MA, MI, NJ, NY, OH, OR, PA, TX, VA, WA
Management Team: Jeffrey H. Fisher Chairman, President & CEO Dennis M. Craven CFO
Jeffrey H. Fisher
Investor Relations Contact: David Bulger [email protected] Phone: (561) 835-1800 Fax: (561) 835-0457 93 iStar Financial Inc.
1114 Avenue of the Americas Notes New York, NY 10036 www.istarfinancial.com
NYSE: SFI Equity Market Capitalization: $4,312,055,000 Average Daily Trading Volume: 355,335 Dividend Yield: 8.05% Property Sector: Diversified
Company Description: iStar Financial is a leading finance company focused exclusively on the commercial real estate industry. As a portfolio lender, the com- pany provides structured mortgage, mezzanine and lease financing on all property types through its origination, acquisition and servicing platform. The company’s mission is to maximize risk-adjusted returns on equity by providing innovative and value-added financing solutions structured to meet the objectives of real estate owners and corporate customers.
Management Team: Jay Sugarman Chairman & CEO Jay S. Nydick President Catherine D. Rice CFO Timothy J. O’Connor Jay Sugarman COO Jeffrey Digel CIO
Investor Relations Contact: Andrew G. Backman [email protected] Phone: (212) 930-9400 Fax: (212) 930-9494 94 Kilroy Realty Corporation
12200 West Olympic Boulevard, Suite 200 Notes Los Angeles, CA 90064 www.kilroyrealty.com
NYSE: KRC Equity Market Capitalization: $2,049,939,000 Average Daily Trading Volume: 196,530 Dividend Yield: 2.97% Property Sector: Industrial/Office
Company Description: Kilroy Realty Corporation, a member of the S&P Small Cap 600, is a Southern California- based real estate investment trust active in the office and industrial property sectors. For more than 50 years, the company has owned, devel- oped, acquired and managed real estate assets primarily in coastal regions of California and Washington. As of Dec. 31, 2005, the company owned 12.5 million sq. ft. of office and industrial space.
Location(s) of Owned Properties: CA, WA
Management Team: John B. Kilroy, Sr. Chairman John B. Kilroy, Jr. President & CEO Richard E. Moran Jr. CFO Jeffrey C. Hawken John B. Kilroy, Jr. COO
Investor Relations Contact: Tyler H. Rose [email protected] Phone: (310) 481-8400 Fax: (310) 481-6580 95 Kimco Realty Corporation
3333 New Hyde Park Road, Suite 100 Notes New Hyde Park, NY 11042-0020 www.kimcorealty.com
NYSE: KIM Equity Market Capitalization: $8,417,252,000 Average Daily Trading Volume: 1,405,410 Dividend Yield: 3.56% Property Sector: Retail
Company Description: Kimco Realty Corporation began operations as a Delaware corporation in 1966, and was reincor- porated as a Maryland corporation in 1994. Today, the company is one of the largest owners and operators of neighborhood and community shopping centers with interests in 1,018 proper- ties comprising approximately 129 million sq. ft. of leaseable space located throughout 44 states, Canada and Mexico.
Location(s) of Owned Properties: AL, AZ, AK, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NV, NH, NJ, NM, NY, NC, OH, OK, PA, RI, SC, TN, TX, UT, VA, VT, WA, WV, WI
Management Team: Milton Cooper Chairman & CEO Michael J. Flynn President & COO Michael V. Pappagallo CFO David B. Henry Milton Cooper CIO
Investor Relations Contact: Scott G. Onufrey [email protected] Phone: (516) 869-9000 Fax: (516) 869-9001 96 Kite Realty Group Trust
30 South Meridian Street, Suite 1100 Notes Indianapolis, IN 46204 www.kiterealty.com
NYSE: KRG Equity Market Capitalization: $436,021,000 Average Daily Trading Volume: 81,480 Dividend Yield: 4.91% Property Sector: Retail
Company Description: Kite Realty Group Trust is a full-service integrat- ed real estate investment trust focused primarily on the development, construction, acquisition, ownership and operation of high-quality neigh- borhood and community shopping centers in selected growth markets in the U.S. The company owns interests in a portfolio of operat- ing retail properties, retail properties under development, operating commercial properties, a related parking garage, commercial property under development and parcels of land that may be used for future development of retail or commercial properties.
Location(s) of Owned Properties: FL, GA, IL, IN, NJ, OH, OR, TX, WA
Management Team: Alvin E. Kite, Jr. Chairman John A. Kite President & CEO Daniel R. Sink CFO Thomas A. McGowan John A. Kite COO
Investor Relations Contact: Daniel R. Sink [email protected] Phone: (317) 577-5600 Fax: (317) 577-5605 97 LaSalle Hotel Properties
Three Bethesda Metro Center, Suite 1200 Notes Bethesda, MD 20814 www.lasallehotels.com
NYSE: LHO Equity Market Capitalization: $1,699,085,000 Average Daily Trading Volume: 260,215 Dividend Yield: 3.84% Property Sector: Lodging/Resorts
Company Description: LaSalle Hotel Properties is a leading multi-ten- ant, multi-operator real estate investment trust, owning 28 upscale and luxury full-service hotels, totaling approximately 8,400 guest rooms in 15 markets in 11 states and the District of Columbia. The company focuses on investing in upscale and luxury full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier hotel operating companies.
Location(s) of Owned Properties: CA, DC, IL, IN, MA, MN, NJ, NY, RI, TX, VA, WA
Management Team: Jon E. Bortz Chairman, President & CEO Hans S. Weger CFO & Treasurer Michael Barnello COO Jon E. Bortz
Investor Relations Contact: Justin Boutwell [email protected] Phone: (301) 941-1500 Fax: (301) 941-1553 98 Lexington Corporate Properties Trust One Penn Plaza, Suite 4015 Notes New York, NY 10119-4015 www.lxp.com
NYSE: LXP Equity Market Capitalization: $1,116,841,000 Average Daily Trading Volume: 457,940 Dividend Yield: 6.77% Property Sector: Diversified
Company Description: Lexington Corporate Properties Trust acquires, owns and manages a geographically diversified pool of 180 net leased office, industrial and retail properties in 37 states and Canada.
Location(s) of Owned Properties: AL, AZ, CA, CO, CT, FL, GA, HI, IA, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, MS, NH, NV, NJ, NY, NC, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA, WI, WV
Management Team: E. Robert Roskind Chairman T. Wilson Eglin President & CEO Patrick Carroll CFO & Treasurer T. Wilson Eglin
Investor Relations Contact: Chris Ann Casaburri [email protected] Phone: (212) 692-7200 Fax: (212) 594-6600 99 Liberty Property Trust
500 Chesterfield Parkway Notes Malvern, PA 19355 www.libertyproperty.com
NYSE: LRY Equity Market Capitalization: $3,944,440,000 Average Daily Trading Volume: 374,850 Dividend Yield: 5.50% Property Sector: Mixed (Industrial/Office)
Company Description: Liberty Property Trust is a self-administered real estate investment trust that owns and manages one of the largest portfolios of quality suburban industrial and office properties in the U.S. A fully integrated real estate firm, the company provides acquisition, development, leasing, and property management for a growing portfolio of properties in the U.S. and United Kingdom.
Location(s) of Owned Properties: AZ, FL, IL, MD, MI, MN, NJ, NC, PA, SC, TX, VA, WI
Management Team: William P. Hankowsky Chairman, President & CEO George J. Alburger, Jr. CFO Robert E. Fenza COO Michael T. Hagan William P. Hankowsky CIO
Investor Relations Contact: Jeanne A. Leonard [email protected] Phone: (610) 648-1700 Fax: (610) 644-4129 100 The Macerich Company
401 Wilshire Boulevard, Suite 700 Notes Santa Monica, CA 90401 www.macerich.com
NYSE: MAC Equity Market Capitalization: $5,124,598,000 Average Daily Trading Volume: 339,600 Dividend Yield: 3.71% Property Sector: Retail
Company Description: The Macerich Company is a fully integrated self- managed and self-administered real estate investment trust that focuses on the acquisition, leasing, management and redevelopment of regional malls and community centers through- out the U.S. The company is the sole general partner and owns an 82 percent ownership interest in The Macerich Partnership, LP. Macerich owns interests in 56 regional malls and 20 community centers totaling approximately 58 million sq. ft.
Location(s) of Owned Properties: AR, AZ, CA, CO, FL, IA, IL, IN, MD, MT, ND, NV, NY, OK, OR, PA, SD, TX, UT, VA, WA
Management Team: Mace Siegel Chairman Arthur M. Coppola President & CEO Thomas E. O’Hern CFO David J. Contis Arthur M. Coppola COO Edward C.Coppola CIO
Investor Relations Contact: Thomas E. O’Hern [email protected] Phone: (310) 394-6000 Fax: (310) 395-2791 101 Mack-Cali Realty Corporation 11 Commerce Drive, First Floor Notes Cranford, NJ 07016 www.mack-cali.com
NYSE: CLI Equity Market Capitalization: $2,783,593,000 Average Daily Trading Volume: 372,120 Dividend Yield: 5.57% Property Sector: Industrial/Office
Company Description: Mack-Cali Realty is a leading fully integrated, self-administered, self-managed real estate investment trust providing management, leas- ing, development, construction and other ten- ant-related services for its Class A real estate portfolio. Mack-Cali owns or has interests in 270 properties, primarily class A office and office/flex buildings located in the Northeast, totaling approximately 30 million sq.ft. and serving approximately 2,100 tenants.
Location(s) of Owned Properties: CA, CO, CT, DC, MD, NJ, NY, PA
Management Team: William L. Mack Chairman Mitchell E. Hersh President & CEO Barry Lefkowitz CFO Mitchell E. Hersh
Investor Relations Contact: Virginia Sobol [email protected] Phone: (908) 272-8000 Fax: (908) 272-6755 102 Maguire Properties, Inc.
333 South Grand Avenue, Suite 400 Notes Los Angeles, CA 90071 www.maguireproperties.com
NYSE: MPG Equity Market Capitalization: $1,499,884,000 Average Daily Trading Volume: 310,350 Dividend Yield: 4.71% Property Sector: Industrial/Office
Company Description: Maguire Properties is one of the leading owners, operators, managers and developers of institu- tional-quality office properties in the U.S. Since founding Maguire Partners in 1965, Robert F. Maguire and the Maguire organization have developed a series of landmark, large-scale class A office properties and master planned, mixed- used suburban campuses of high quality and architectural distinction.
Location(s) of Owned Properties: CA, CO
Management Team: Robert Maguire Chairman & CEO Dallas Lucas CFO
Robert Maguire
Investor Relations Contact: Peggy Moretti [email protected] Phone: (213) 626-3300 Fax: (213) 687-4758 103 Medical Properties Trust, Inc.
1000 Urban Center Drive, Suite 501 Notes Birmingham, AL 35242 www.medicalpropertiestrust.com
NYSE: MPW Equity Market Capitalization: $429,668,000 Average Daily Trading Volume: 175,845 Dividend Yield: 7.81% Property Sector: Health Care
Company Description: Medical Properties Trust, Inc. is a self-advised real estate investment trust that acquires, devel- ops and leases health care facilities providing state-of-the-art health care services. MPT focus- es on acquiring and developing rehabilitiation hospitals, long-term acute care hospitals, region- al and community hospitals, women’s and chil- dren’s hospitals and ambulatory surgery centers, as well as other specialized, single-discipline and ancillary facilities.
Location(s) of Owned Properties: CA, CO, IN, KY, LA, MA, NJ, PA, TX
Management Team: Edward K. Aldag, Jr. Chairman, President & CEO R. Steven Hamner CFO Emmett E. McLean COO Edward K. Aldag, Jr.
Investor Relations Contact: R. Steven Hamner [email protected] Phone: (205) 969-3755 Fax: (205) 969-3756 104 MHI Hospitality Corporation
814 Capitol Landing Road Notes Williamsburg, VA 23185 www.mhihospitality.com
AMEX: MDH Equity Market Capitalization: $60,604,000 Average Daily Trading Volume: 12,295 Dividend Yield: 7.52% Property Sector: Lodging/Resorts
Company Description: MHI is a real estate investment trust specializing in hotel and condominium investments.
Location(s) of Owned Properties: FL, GA, MD, NC, PA, VA
Management Team: Andrew Sims Chairman, President & CEO William J. Zaiser CFO & Treasurer
Andrew Sims
Investor Relations Contact: Diana D. Johnson [email protected] Phone: (757) 229-5648 Fax: (757) 564-8801 105 Mid-America Apartment Communities, Inc. 6584 Poplar Avenue, Suite 300 Notes Memphis, TN 38138 www.maac.net
NYSE: MAA Equity Market Capitalization: $1,152,718,000 Average Daily Trading Volume: 198,415 Dividend Yield: 4.49% Property Sector: Residential
Company Description: Mid-America Apartment Communities, Inc. is a self-administered and self-managed equity real estate investment trust focusing on acquiring, owning and operating multifamily residential communities. The apartment communities are located primarily in the Southeast.
Location(s) of Owned Properties: AL, AR, FL, GA, KY, MS, NC, OH, SC, TN, TX, VA
Management Team: H. Eric Bolton, Jr. Chairman & CEO Simon R.C. Wadsworth CFO
H. Eric Bolton, Jr.
Investor Relations Contact: Kathy Rajadurai [email protected] Phone: (901) 682-6600 Fax: (901) 682-6667 106 Monmouth Real Estate Investment Corporation Juniper Business Plaza Notes 3499 Route 9 North, Suite 3C Freehold, NJ 07728 www.mreic.com
NASDAQ: MNRTA Equity Market Capitalization: $158,235,000 Average Daily Trading Volume: 34,890 Dividend Yield: 7.33% Property Sector: Industrial/Office
Company Description: Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly owned real estate investment trust specializing in net-leased industrial properties. The com- pany’s equity portfolio consists of 40 industrial properties and one shopping center totaling approximately 4.5 million sq. ft. of gross leasable area. MREIC’s current tenants include: Anheuser-Busch, Western Container, FedEX, Keebler/Kelloggs, Mead Paper, and Sherwin- Williams. In addition, the company owns a portfolio of REIT securities.
Location(s) of Owned Properties: AL, AZ, CO, CT, FL, GA, IL, IA, KS, MD, MA, MI, MS, MO, NE, NJ, NY, NC, OH, PA, SC, VA, WI
Management Team: Eugene W. Landy Chairman & President Anna T. Chew CFO Cynthia J. Morgenstern COO Eugene W. Landy
Investor Relations Contact: Rosemarie Faccone/Susan Jordan [email protected] Phone: (732) 577-9996 Fax: (732) 577-9981 107 National Retail Properties, Inc. 450 South Orange Avenue, Suite 900 Notes Orlando, FL 32801 www.nnnreit.com
NYSE: NNN Equity Market Capitalization: $1,141,089,000 Average Daily Trading Volume: 243,910 Dividend Yield: 6.18% Property Sector: Retail
Company Description: National Retail Properties, Inc., an equity real estate investment trust, builds, owns and man- ages long-term, net-leased properties nation- wide. The company’s focus is on developing and maintaining long-term tenant relationships and creating value for its shareholders. The company offers a complete array of real estate services including sale-leaseback transactions, individual and portfolio acquisitions, build-to-suit develop- ment, 1031 exchange replacement properties and asset management.
Location(s) of Owned Properties: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MO, NE, NV, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, VA, WA, WV, WI
Management Team: Clifford R. Hinkle Chairman Craig Macnab President & CEO Kevin B. Habicht CFO Craig Macnab
Investor Relations Contact: Christopher F. Barry [email protected] Phone: (800) NNN-REIT Fax: (407) 650-1044 108 Nationwide Health Properties, Inc. 610 Newport Center Drive, Suite 1150 Notes Newport Beach, CA 92660 www.nhp-reit.com
NYSE: NHP Equity Market Capitalization: $1,453,872,000 Average Daily Trading Volume: 9,415 Dividend Yield: 7.06% Property Sector: Health Care
Company Description: Nationwide Health Properties, Inc. was incorpo- rated on Oct. 14, 1985 in the state of Maryland. The company invests primarily in health care related facilities and provides financing to health care providers. The company has investments in long-term health care facilities, rehabilitation hos- pitals, and living facilities. The facilities are owned and leased under net lease arrangements.
Location(s) of Owned Properties: AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, KS, KY, LA, MD, MA, MI, MN, MS, MO, NV, NJ, NY, NC, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, WA, WV, WI
Management Team: Charles D. Miller Chairman Douglas M. Pasquale President & CEO Abdo H. Khoury CFO Donald D. Bradley Douglas M. Pasquale CIO
Investor Relations Contact: [email protected] Phone: (949) 718-4400 Fax: (949) 759-6876
109 New Plan
420 Lexington Avenue, Seventh Floor Notes New York, NY 10170 www.newplan.com
NYSE: NXL Equity Market Capitalization: $2,569,186,000 Average Daily Trading Volume: 474,955 Dividend Yield: 5.07% Property Sector: Retail
Company Description: New Plan is one of the nation’s largest companies focusing on the ownership and management of community and neighborhood shopping centers. The company operates as a self-administered and self-managed REIT, with a national portfolio of 466 properties, including 150 properties held through joint ventures, and total assets of approx- imately $3.3 billion. New Plan’s properties are strategically located across 39 states and include 446 community and neighborhood shopping cen- ters, primarily grocery or name-brand discount chain anchored, with approximately 63.5 million sq. ft. of gross leasable area, and 20 related retail real estate assets, with approximately 1.8 million sq. ft. of gross leasable area.
Location(s) of Owned Properties: AL, AZ, AR, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, KY, LA, MA, MD, ME, MI, MN, MS, NH, NV, NJ, NM, NY, NC, OH, OK, PA, RI, SC, TN, TX, UT, VA, WV, WI, WY
Management Team: William Newman Chairman Glenn J. Rufrano CEO John B. Roche CFO Robert Lieberman Glenn J. Rufrano CIO
Investor Relations Contact: Stacy Slater [email protected] Phone: (212) 869-3000 Fax: (212) 869-3989 110 NorthStar Realty Finance Corporation 527 Madison Avenue, 16th Floor Notes New York, NY 10022 www.nrfc.com
NYSE: NRF Equity Market Capitalization: $328,060,000 Average Daily Trading Volume: 142,170 Dividend Yield: 10.70% Property Sector: Commercial Financing
Company Description: NorthStar Realty Finance Corp. is an internally managed REIT with three core business lines: real estate debt, real estate securities and net lease properties.
Management Team: W. Edward Scheetz Chairman David T. Hamamoto President & CEO Mark Chertok CFO & Treasurer Jean-Michel Wasterlain David T. Hamamoto CIO
Investor Relations Contact: Brad Cohen [email protected] Phone: (212) 319-3400 Fax: (212) 319-4557 111 Pan Pacific Retail Properties
1631B South Melrose Drive Notes Vista, CA 92081-5498 www.pprp.com
NYSE: PNP Equity Market Capitalization: $2,707,411,000 Average Daily Trading Volume: 192,860 Dividend Yield: 3.84% Property Sector: Retail
Company Description: Pan Pacific Retail Properties is an equity REIT that focuses on creating long-term stockholder value by specializing in the acquisition, owner- ship and management of neighborhood shop- ping centers located within five regions in the Western U.S. Pan Pacific’s strategy is aimed at providing stockholders with long-term stable cash flow through maintaining a diverse portfo- lio and tenant base, balanced with consistent growth through implementing its acquisition and property management programs.
Location(s) of Owned Properties: AZ, CA, NV, OR, WA
Management Team: Stuart A. Tanz Chairman, President & CEO Joseph B. Tyson CFO & Treasurer Jeff Stauffer COO Stuart A. Tanz
Investor Relations Contact: Carol M. Merriman [email protected] Phone: (760) 727-1002 Fax: (760) 727-1430 112 Parkway Properties, Inc.
One Jackson Place Notes 188 East Capitol Street, Suite 1000 Jackson, MS 39201 www.pky.com
NYSE: PKY Equity Market Capitalization: $556,967,000 Average Daily Trading Volume: 95,880 Dividend Yield: 6.57% Property Sector: Industrial/Office
Company Description: Parkway Properties, Inc. is a REIT specializing in the acquisition, ownership, management and leasing of office properties in the Southeastern U.S. and Texas. As of April 5, 2005, Parkway owns or has an interest in 66 office properties located in 11 states comprising a total of 12,224,000 sq. ft. Parkway’s operating philoso- phy is based on superior service to our cus- tomers, sound investments, timely sales on non-core assets and innovation.
Location(s) of Owned Properties: AZ, FL, GA, IL, LA, MS, NC, SC, TN, TX, VA
Management Team: Leland R. Speed Chairman Steven G. Rogers President & CEO William R. Flatt CFO Thomas Maloney Steven G. Rogers COO James M. Ingram CIO
Investor Relations Contact: Sarah P. Clark [email protected] Phone: (601) 948-4091 Fax: (601) 949-4077 113 Pennsylvania Real Estate Investment Trust 200 South Broad Street, Third Floor Notes Philadelphia, PA 19102-3803 www.preit.com
NYSE: PEI Equity Market Capitalization: $1,479,674,000 Average Daily Trading Volume: 180,480 Dividend Yield: 5.62% Property Sector: Retail
Company Description: Pennsylvania Real Estate Investment Trust, founded in 1960 as one of the first equity REITs in the U.S., has a primary investment focus on retail shopping malls and power centers located in the Eastern U.S. The company is one of the largest retail owner/operators in the country. Its portfolio consists of 58 properties (approxi- mately 33.4 million sq. ft.) in 13 states and includes 40 shopping malls, 14 strip and power centers and four industrial properties.
Location(s) of Owned Properties: AL, DE, FL, MD, MA, MI, NJ, NC, PA, SC, VA, WV, WI
Management Team: Ronald Rubin Chairman & CEO George F. Rubin Vice Chairmen Edward A. Glickman President & COO Robert McCadden Ronald Rubin CFO
Investor Relations Contact: Nurit Yaron [email protected] Phone: (215) 875-0700 Fax: (215) 735-5286 114 Plum Creek Timber Company, Inc. Suite 4300, 999 Third Avenue Notes Seattle, WA 98104-4096 www.plumcreek.com
NYSE: PCL Equity Market Capitalization: $6,642,374,000 Average Daily Trading Volume: 708,020 Dividend Yield: 4.41% Property Sector: Specialty
Company Description: Plum Creek is one of largest land and timber own- ers in the nation, with approximately 8 million acres of timberlands in 18 states. The company grows and sells timber, and harvests and merchan- dises logs in both domestic and export markets. The company also owns and operates 10 wood products manufacturing facilities in the Northwest that produce lumber, plywood and medium densi- ty fiberboard. The company’s constant goal is to maximize the value of its land holdings and deliver that value to its shareholders.
Location(s) of Owned Properties: AL, AR, FL, GA, LA, ME, MI, MS, MT, NH, NC, OK, OR, SC, TX, WA, WV, WI
Management Team: Ian Davidson Chairman Rick R. Holley President & CEO William R. Brown CFO Rick R. Holley
Investor Relations Contact: John B. Hobbs [email protected] Phone: (206) 467-3600 Fax: (206) 467-3795 115 ProLogis
4545 Airport Way Notes Denver, CO 80239 www.prologis.com
NYSE: PLD Equity Market Capitalization: $12,117,777,000 Average Daily Trading Volume: 913,805 Dividend Yield: 3.19% Property Sector: Industrial/Office
Company Description: ProLogis is the leading global provider of distri- bution facilities and services and, as of Sept. 30, 2005, had more than 370 million sq. ft. in more than 2,300 facilities owned, managed and under development in more than 75 markets in North America, Europe and Asia. ProLogis continues to expand the industry’s first and only global network of distribution facilities through the ProLogis Operating System and its commitment to be the Global Distribution Solution for its customers.
Location(s) of Owned Properties: AZ, CA, CO, DC, FL, GA, IL, IN, KS, KY, LA, MD, MO, NV, NJ, NC, OH, OK, OR, PA, SC, TN, TX, UT, VA, WA,
Management Team: K. Dane Brooksher Chairman Jeffrey H. Schwartz CEO Walter C. Rakowich President & COO Dessa Bokides Jeffrey H. Schwartz CFO
Investor Relations Contact: Melissa Marsden [email protected] Phone: (303) 567-5000 Fax: (303) 567-2605 116 PS Business Parks, Inc.
701 Western Avenue Notes Glendale, CA 91201-2397 www.psbusinessparks.com
AMEX: PSB Equity Market Capitalization: $1,132,808,000 Average Daily Trading Volume: 56,785 Dividend Yield: 2.23% Property Sector: Mixed (Industrial/Office)
Company Description: PS Business Parks, Inc. is a self-advised and self- managed real estate investment trust specializ- ing in the ownership, management, acquisition and development of business parks containing office flex space. As of Dec. 31, 2005, PSB had interests in approximately 175 commercial prop- erties located in eight states, concentrated pri- marily in California, Florida, Texas, Oregon, Virginia and Maryland.
Location(s) of Owned Properties: AZ, CA, FL, MD, OR, TX, VA, WA
Management Team: Ronald L. Havner, Jr. Chairman Joseph D. Russell, Jr. President & CEO Edward A. Stokx CFO John W. Petersen Joseph D. Russell, Jr. COO
Investor Relations Contact: Edward A. Stokx [email protected] Phone: (818) 244-8080 Fax: (818) 242-0566 117 Public Storage, Inc.
701 Western Avenue, Suite 200 Notes Glendale, CA 91201-2349 www.publicstorage.com
NYSE: PSA Equity Market Capitalization: $9,882,309,000 Average Daily Trading Volume: 576,195 Dividend Yield: 2.60% Property Sector: Self Storage
Company Description: Public Storage, Inc., an S&P 500 company, is a fully integrated, self-administered and self-man- aged REIT that acquires, develops, owns and operates primarily storage facilities. The compa- ny’s properties are located in 37 states. As of Sept. 30, 2005, the company owned interests in 1,487 self-storage properties with approximately 91 million net rentable sq. ft.
Location(s) of Owned Properties: AZ, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, KS, KY, LA, MD, MA, MI, MN, MS, MO, NE, NV, NH, NJ, NY, NC, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI
Management Team: B. Wayne Hughes Chairman Ronald L. Havner, Jr. Vice Chairman, President & CEO John Reyes CFO Ronald L. Havner, Jr.
Investor Relations Contact: Clem Teng [email protected] Phone: (818) 244-8080 Fax: (818) 241-0627 118 RAIT Investment Trust
1818 Market Street, 28th Floor Notes Philadelphia, PA 19103 www.raitinvestmenttrust.com
NYSE: RAS Equity Market Capitalization: $721,879,000 Average Daily Trading Volume: 127,960 Dividend Yield: 9.43% Property Sector: Mortgage
Company Description: RAIT Investment Trust is a specialty finance company focused on the commercial real estate industry. RAIT provides structured financing to owners of real estate, including bridge and mez- zanine lending and preferred equity investments. RAIT also acquires real estate for its own account. RAIT, which is taxed as a real estate investment trust, seeks to deliver risk-adjusted returns on equity to shareholders by providing tailored and flexible financing products to its customers.
Management Team: Betsy Z. Cohen Chairman & CEO Scott F. Schaeffer President & COO Ellen J. DiStefano CFO Betsy Z. Cohen
Investor Relations Contact: Andres Viroslav [email protected] Phone: (215) 861-7900 Fax: (215) 861-7920 119 Ramco-Gershenson Properties Trust 31500 Northwestern Highway, Suite 300 Notes Farmington Hills, MI 48334 www.rgpt.com
NYSE: RPT Equity Market Capitalization: $454,667,000 Average Daily Trading Volume: 75,127.00 Dividend Yield: 6.60% Property Sector: Retail
Company Description: Ramco-Gershenson Properties Trust has a port- folio of 78 shopping centers totaling approxi- mately 17.7 million sq. ft. of gross leasable area, consisting of 77 community centers and one enclosed regional mall. The company is a fully integrated, self-administered, publicly traded real estate investment trust that owns, develops, acquires, manages and leases community shop- ping centers, regional malls and single tenant retail properties nationally.
Location(s) of Owned Properties: MI, OH, FL, NJ, MD, SC, TN, IN, WI, VA, GA, NC
Management Team: Joel Gershenson Chairman Dennis E. Gershenson President & CEO Richard J. Smith CFO Dennis E. Gershenson
Investor Relations Contact: Dawn L. Hendershot [email protected] Phone: (248) 350-9900 Fax: (248) 350-9925 120 Rayonier Inc.
50 North Laura Street Notes Jacksonville, FL 32202 www.rayonier.com
NYSE: RYN Equity Market Capitalization: $3,102,878,000 Average Daily Trading Volume: 531,370 Dividend Yield: 4.57% Property Sector: Specialty
Company Description: Rayonier owns, leases, or manages 2.5 million acres of timberland in the U.S., New Zealand and Australia. Its real estate subsidiary, TerraPointe LLC, is focused on maximizing the value of its extensive higher-and-better use properties, partic- ularly in the fast growing counties along Interstate 95 between Savannah, Georgia, and Daytona Beach, Florida, where Rayonier owns approximately 200,000 acres. The company is also the world’s leading producer of high per- formance cellulose specialty products. Approximately 40 percent of Rayonier’s sales are outside the U.S. to customers in more than 50 countries. Rayonier converted to a REIT on Jan. 1, 2004 and believes that its business strategies, combined with its REIT status, will enable it to continue to grow the company and consistently deliver superior value to shareholders.
Location(s) of Owned Properties: AL, FL, GA, WA
Management Team: W. Lee Nutter Chairman, President & CEO Gerald J. Pollack CFO
W. Lee Nutter
Investor Relations Contact: Parag P. Bhansali [email protected] Phone: (904) 357-9100 Fax: (904) 357-9101 121 Realty Income Corporation
220 West Crest Street, Notes Escondido, CA 92025-1707 www.realtyincome.com
NYSE: O Equity Market Capitalization: $1,897,334,000 Average Daily Trading Volume: 292,915 Dividend Yield: 6.18% Property Sector: Retail
Company Description: Realty Income is “The Monthly Dividend Company,” a NYSE-listed real estate company dedicated to providing shareholders with dependable monthly income. The monthly dividend is supported by the cash flow from more than 1,600 properties located in 48 states.
Location(s) of Owned Properties: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Management Team: William E. Clark Chairman Thomas A. Lewis CEO Gary M. Malino President & COO Paul M. Meurer Thomas A. Lewis CFO & Treasurer
Investor Relations Contact: Tere H. Miller [email protected] Phone: (760) 741-2111 Fax: (760) 741-2235 122 Reckson Associates Realty Corp. 225 Broadhollow Road Notes Melville, NY 11747-4883 www.reckson.com
NYSE: RA Equity Market Capitalization: $3,358,491,000 Average Daily Trading Volume: 759,750 Dividend Yield: 4.18% Property Sector: Industrial/Office
Company Description: Reckson Associates Realty Corp. is a self-admin- istered and self-managed real estate investment trust specializing in the acquisition, leasing, financing, management and development of class A office properties. Since Reckson’s IPO in June 1995, the company has become one of the largest publicly traded owners, developers and managers of class A office properties in the New York Tri-State area.
Location(s) of Owned Properties: CT, NJ, NY
Management Team: Scott Rechler Chairman & CEO Michael Maturo President, CFO, CIO & Treasurer Salvatore Campofranco COO Scott Rechler
Investor Relations Contact: Susan McGuire [email protected] Phone: (631) 694-6900 Fax: (631) 622-6790 123 Regency Centers Corporation 121 West Forsyth Street, Suite 200 Notes Jacksonville, FL 32202 www.regencycenters.com
NYSE: REG Equity Market Capitalization: $4,282,130,000 Average Daily Trading Volume: 315,075 Dividend Yield: 3.77% Property Sector: Retail
Company Description: Regency is the leading national owner, operator and developer focused on grocery-anchored, neighborhood and community retail centers. As of Dec. 31, 2005, the company owned 393 retail properties, including those held in joint ventures. Including tenant-owned square footage, the port- folio encompassed 50.8 million sq. ft. located in top markets throughout the U.S. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self- administered and self-managed.
Location(s) of Owned Properties: AL, AZ, CA, CO, CT, DE, DC, FL, GA, IL, IN, KY, MD, MI, MN, MO, NV, NH, NJ, NC, OH, OR, PA, SC, TX, VA, WA, WI
Management Team: Martin E. Stein, Jr. Chairman & CEO Mary Lou Fiala President & COO Bruce M. Johnson CFO Brian Smith Martin E. Stein, Jr. CIO
Investor Relations Contact: Diane Ortolano [email protected] Phone: (904) 598-7000 Fax: (904) 634-3428 124 Republic Property Trust
1280 Maryland Avenue, SW, Suite 280 Notes Washington, DC 20024 www.rpbtrust.com
NYSE: RPB.N Equity Market Capitalization: $294,030,000 Average Daily Trading Volume: 159,963 Dividend Yield: 7.20% Property Sector: Industrial/Office
Company Description: Republic Property Trust is a fully integrated, self- administered and self-managed REIT formed to own, operate, acquire and develop primarily class A office properties, predominantly in the Washington D.C. metropolitan area, and selec- tively seek fee-based development opportunites for all real estate classes in various geographic areas inside and outside of greater Washington, D.C. RPT is involved in the acquistion, manage- ment and development of landmark office prop- erties, developing more than 5 million sq. ft. of institutional-grade office, office-oriented and mixed-use retail properties.
Location(s) of Owned Properties: DC, VA
Management Team: Richard Kramer Chairman Mark R. Keller CEO Steven Grigg President Mike Green Mark R. Keller CFO Gary Seigel COO & General Counsel
Investor Relations Contact: Michael Green [email protected] Phone: (202) 863-0300 Fax: (202) 863-4049 125 Senior Housing Properties Trust 400 Centre Street Notes Newton, MA 02458-2076 www.snhreit.com
NYSE: SNH Equity Market Capitalization: $1,233,016,000 Average Daily Trading Volume: 283,645 Dividend Yield: 7.45% Property Sector: Health Care
Company Description: Senior Housing is a REIT to acquire and lease senior apartments, congregate care communi- ties, assisted-living properties, and nursing homes. Senior Housing owned 188 properties in 32 states, as of Dec. 31, 2005. The properties are triple net leased to 11 tenants. More than 85 percent of the rent is from properties that are predominantly private-pay residents and not dependent on government funded programs. The REIT is targeting independent and assisted- living communities that are mostly private-pay residents.
Location(s) of Owned Properties: AL, AZ, CA, CO, CT, DE, FL, GA, IL, IN, IA, KS, KY, MD, MA, MI, MN, MO, NE, NJ, NM, NC, OH, PA, SC, SD, TN, TX, VA, WA, WI, WY
Management Team: Barry M. Portnoy Chairman David J. Hegarty President & COO John R. Hoadley CFO & Treasurer David J. Hegarty
Investor Relations Contact: Timothy Bonang [email protected] Phone: (617) 796-8350 Fax: (617) 796-8349 126 Simon Property Group, Inc.
115 West Washington Street Notes Indianapolis, IN 46204 www.simon.com
NYSE: SPG Equity Market Capitalization: $18,388,193,000 Average Daily Trading Volume: 939,290 Dividend Yield: 3.71% Property Sector: Retail
Company Description: Simon Property Group, Inc. owns, develops and manages retail real estate properties, primarily regional malls, Premium Outlet centers and com- munity/lifestyle centers. As of Dec. 31, 2005, Simon owned or had an interest in 286 properties in the U.S. containing an aggregate of 200 million sq. ft. of gross leasable area in 39 states plus Puerto Rico. Simon also holds interests in 51 European shopping centers; five Premium Outlet centers in Japan; and one Premium Outlet center in Mexico.
Location(s) of Owned Properties: AL, AR, CA, CO, CT, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MS, MO, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WI
Management Team: Melvin Simon Herbert Simon Co-Chairmen David E. Simon CEO Richard S. Sokolov President & COO David E. Simon Stephen E. Sterrett CFO Investor Relations Contact: Shelly J. Doran [email protected] Phone: (317) 636-1600 Fax: (317) 685-7270 127 SL Green Realty Corp.
420 Lexington Avenue, Suite 1900 Notes New York, NY 10170 www.slgreen.com
NYSE: SLG Equity Market Capitalization: $4,210,000,000 Average Daily Trading Volume: 306,918 Dividend Yield: 2.40% Property Sector: Industrial/Office
Company Description: SL Green Realty Corp. owns and operates a pre- mier portfolio of commercial properties located primarily in Midtown Manhattan, the largest and most resilient office market in the country. SL Green has established a consistent track record of producing industry-leading returns while creating long-term value for its sharehold- ers. SL Green has ownership interests in 28 office buildings encompassing 18.2 million sq. ft., primarily located on the avenues and major cross streets of Midtown Manhattan.
Location(s) of Owned Properties: NY
Management Team: Stephen L. Green Chairman Marc Holliday President & CEO Gregory Hughes CFO Gerard Nocera Marc Holliday COO Andrew Mathias CIO
Investor Relations Contact: Heidi Gillette [email protected] Phone: (212) 594-2700 Fax: (212) 216-1785 128 Spirit Finance Corporation
14631 North Scottsdale Road, Suite 200 Notes Scottsdale, AZ 85254-2711 www.spiritfinance.com
NYSE: SFC Equity Market Capitalization: $924,230,000 Average Daily Trading Volume: 260,675 Dividend Yield: 7.24% Property Sector: Diversified
Company Description: Spirit Finance Corporation provides customized, flexible sale/leaseback financing solutions for single-tenant, operationally essential real estate assets vital to the operations of retail, service and distribution companies. The company’s core markets include free-standing automotive, drug- stores, educational facilities, movie theaters, restaurants, supermarkets and other retail, distribution and service businesses.
Location(s) of Owned Properties: AL, AZ, AR, CA, CO, FL, GA, ID, IL, IN, IA, KS, KY, LA, MA, MI, MN, MS, MO, MT, NE, NJ, NM, NY, NC, ND, OH, OK, OR, PA, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Management Team: Morton H. Fleischer Chairman Christopher H. Volk President & CEO Catherine F. Long CFO Christopher H. Volk
Investor Relations Contact: Brad Cohen [email protected] Phone: (480) 606-0820 Fax: (480) 606-0826 129 Strategic Hotels & Resorts, Inc. 77 West Wacker Drive, Suite 4600 Notes Chicago, IL 60601 www.strategichotels.com
NYSE: BEE Equity Market Capitalization: $1,330,000,000 Average Daily Trading Volume: 395,703 Dividend Yield: 4.10% Property Sector: Lodging/Resorts
Company Description: Strategic Hotels & Resorts is a real estate invest- ment trust that owns and assset manages high- end hotels and resorts. The company has own- ership interests in 18 properties with an aggre- gate of 8,480 rooms. The company prefers to purchase upscale luxury properties in urban and resort markets. The hotels are operated by third- party management companies. CEO Laurence Geller formed the company, then called Strategic Hotel Capital LLC, in 1997.
Location(s) of Owned Properties: AZ, CA, DC, FL, IL, LA
Management Team: John C. Deterding Chairman Laurence S. Geller President & CEO James Mead CFO Laurence S. Geller
Investor Relations Contact: [email protected] Phone: (312) 658-5000 Fax: (312) 658-5799
130 Sunstone Hotel Investors, Inc.
903 Calle Amanecer, Suite 100 Notes San Clemente, CA 92673 www.sunstonehotels.com
NYSE: SHO Equity Market Capitalization: $1,658,029,000 Average Daily Trading Volume: 286,060 Dividend Yield: 4.18% Property Sector: Lodging/Resorts
Company Description: Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate investment trust. Sunstone owns 61 hotels with an aggre- gate of 17,901 rooms primarily in the upper- upscale and upscale segments operated under franchises from nationally recognized brands such as Marriott, Hyatt, Hilton, InterContinental and Fairmont.
Location(s) of Owned Properties: CA, CO, DC, FL, ID, IL, MD, MI, MN, NJ, NM, NY, OR, PA, TX, UT, VA, WA
Management Team: Lewis N. Wolf Chairman Robert A. Alter President & CEO Jon D. Kline CFO Gary A. Stougaard Robert A. Alter CIO
Investor Relations Contact: Bryan Giglia [email protected] Phone: (949) 369-4000 Fax: (949) 369-4110 131 Supertel Hospitality, Inc.
309 North Fifth Street, PO Box 1448 Notes Norfolk, NE 68702-1448 www.supertelinc.com
NASDAQ: SPPR Equity Market Capitalization: $64,663,000 Average Daily Trading Volume: 8,725 Dividend Yield: 6.72% Property Sector: Lodging/Resorts
Company Description: Supertel Hospitality, Inc. operates as a self- advised real estate investment trust. The company owns 77 limited-service hotels in 17 Midwestern and Eastern states.
Location(s) of Owned Properties: AR, DE, FL, IN, IA, KS, KY, MD, MO, NE, NC, PA, SD, TN, VA, WV, WI
Management Team: Paul J. Schulte Chairman, President & CEO Donavon Heimes CFO & Treasurer
Paul J. Schulte
Investor Relations Contact: Donavon Heimes [email protected] Phone: 402-371-2520 Fax: 402-371-4229 132 Tanger Factory Outlet Centers, Inc. 3200 Northline Avenue, Suite 360 Notes Greensboro, NC 27408 www.tangeroutlet.com
NYSE: SKT Equity Market Capitalization: $1,006,183,000 Average Daily Trading Volume: 146,060 Dividend Yield: 4.15% Property Sector: Retail
Company Description: Tanger Factory Outlet Centers, Inc. is a self- administered and self-managed real estate investment trust that develops, owns and oper- ates factory outlet centers. Tanger outlet centers offer value-oriented shoppers the opportunity to purchase brand name products directly from manufacturers at significant discounts from reg- ular department and specialty store prices. The REIT is a fully integrated real estate company providing all development, management and leasing services for its centers.
Location(s) of Owned Properties: AL, CA, CT, DE, FL, GA, IL, IA, LA, MA, ME, MI, MN, MO, NC, NH, NY, PA, SC, TN, TX, UT
Management Team: Stanley K. Tanger Chairman & CEO Steven B. Tanger President & COO Frank C. Marchisello, Jr. CFO Stanley K. Tanger
Investor Relations Contact: Frank C. Marchisello, Jr. [email protected] Phone: (336) 292-3010 Fax: (336) 297-0931 133 Taubman Centers, Inc.
200 East Long Lake Road, Suite 300 Notes Bloomfield Hills, MI 48303-0200 www.taubman.com
NYSE: TCO Equity Market Capitalization: $2,085,438,000 Average Daily Trading Volume: 523,770 Dividend Yield: 2.97% Property Sector: Retail
Company Description: Taubman Centers, Inc., a real estate investment trust, owns, develops, acquires and operates regional and super-regional shopping centers. Located in major markets from coast to coast, Taubman Centers are among the most produc- tive and profitable retail properties in the U.S. The company, as it has for over five decades, directly manages all key functions of business, including development, acquisitions, center operations and leasing.
Location(s) of Owned Properties: AZ, CA, CO, CT, FL, MI, NJ, NC, TX, VA
Management Team: Robert S. Taubman Chairman, President & CEO Lisa A. Payne Vice Chairman & CFO William S. Taubman COO Robert S. Taubman
Investor Relations Contact: Barbara K. Baker [email protected] Phone: (248) 258-7600 Fax: (248) 258-7697 134 Thomas Properties Group, Inc. City National Plaza Notes 515 South Flower Street, Sixth Floor Los Angeles, CA 90071 www.tpgre.com
NASDAQ: TPGI Equity Market Capitalization: $420,240,000 Average Daily Trading Volume: 17,206 Dividend Yield: 1.80% Property Sector: Diversified
Company Description: Thomas Properties Group, Inc. is a full-service real estate company that owns, acquires, devel- ops and manages office, retail and multifamily properties on a nationwide basis. The company has four primary areas of focus: property opera- tions, property acquisitions, property develop- ment and redevelopment, and investment man- agement. Property operations comprise the pri- mary source of revenue based on ownership or management of 7.4 million net rentable sq. ft. of space located in the West Coast and Mid- Atlantic regions. Thomas Properties Group acquires properties for its own account, as well as on behalf of institutional investors. The com- pany also earns fees for advising institutional investors on property portfolios.
Location(s) of Owned Properties: CA, PA, TX
Management Team: James A. Thomas Chairman, President & CEO Diana M. Laing CFO & General Counsel
James A. Thomas
Investor Relations Contact: Diana M. Laing [email protected] Phone: (213) 613-1900 Fax: (213) 633-4760 135 Thornburg Mortgage, Inc.
150 Washington Avenue, Suite 302 Notes Santa Fe, NM 87501-2038 www.thornburgmortgage.com
NYSE: TMA Equity Market Capitalization: $3,008,473,000 Average Daily Trading Volume: 733,675 Dividend Yield: 9.41% Property Sector: Mortgage
Company Description: TMA is a single-family residential mortgage lender with $42.5 billion in assets seeking to deliver attractive dividend income and steady growth for its shareholders through the acquisi- tion and origination of high credit quality ARM assets. Capitilizing on its innovative lending model and REIT tax structure, TMA is an effi- cient provider of specialized mortgage loan products for borrowers with excellent credit, and is positioned to become one of the top 50 mortgage lenders in the country.
Management Team: Garrett Thornburg Chairman & CEO Larry A. Goldstone President & COO Clarence G. Simmons III CFO Garrett Thornburg
Investor Relations Contact: Leanne L. Gallagher [email protected] Phone: (505) 989-1900 Fax: (505) 989-8156 136 Trizec Properties, Inc.
10 South Riverside Plaza, Suite 1100 Notes Chicago, IL 60606 www.trz.com
NYSE: TRZ Equity Market Capitalization: $3,908,026,000 Average Daily Trading Volume: 683,770 Dividend Yield: 3.20% Property Sector: Industrial/Office
Company Description: Trizec Properties, Inc., a real estate investment trust, is one of the largest owners of commercial office properties in the U.S. The company has ownership interests in and manages a high- quality portfolio of 49 office properties totaling approximately 36 million sq. ft. concentrated in the metropolitan areas of seven major U.S. cities.
Location(s) of Owned Properties: CA, DC, GA, IL, MD, MN, NJ, NY, NC, TX, VA
Management Team: Peter Munk Chairman Timothy H. Callahan President & CEO Michael C. Colleran CFO William Tresham Timothy H. Callahan COO Brian K. Lipson CIO
Investor Relations Contact: Dennis C. Fabro [email protected] Phone: (312) 798-6000 Fax: (312) 798-6270 137 Trustreet Properties, Inc.
450 South Orange Avenue Notes Orlando, FL 32801-3336 www.trustreet.com
NYSE: TSY Equity Market Capitalization: $954,821,000 Average Daily Trading Volume: 290,665 Dividend Yield: 9.17% Property Sector: Retail
Company Description: Trustreet Properties, Inc. is the leading provider of triple-net lease financing to the restaurant industry and the largest publicly traded restau- rant REIT in the U.S. With more than $2.5 bil- lion in assets, Trustreet owns more than 2,000 properties in 49 states. The portfolio includes some of the nation’s most renowned restaurant brands such as: Applebee’s, Arby’s, Burger King, Golden Corral, IHOP, Jack in the Box, KFC, Pizza Hut, Perkins, TGI Friday’s and Wendy’s.
Location(s) of Owned Properties: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY
Management Team: James M. Seneff, Jr. Chairman Curtis McWilliams President & CEO Steven D. Shackelford CFO & COO Curtis McWilliams
Investor Relations Contact: Duane Comprosky [email protected] Phone: (407) 540-2000 Fax: (407) 540-2003 138 U-Store-It Trust
6745 Engle Road, Suite 300 Notes Cleveland, OH 44130 www.u-store-it.com
NYSE: YSI Equity Market Capitalization: $1,042,143,000 Average Daily Trading Volume: 574,850 Dividend Yield: 6.35% Property Sector: Self Storage
Company Description: U-Store-It Trust is a self-administered and self- managed real estate investment trust focused on ownership, operation, acquisition and develop- ment of self-storage facilities in the U.S. The company’s self-storage facilities are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers. According to the Self-Storage Almanac, U-Store-It Trust is one of the top five owners and operators of self-storage facilities in the U.S.
Location(s) of Owned Properties: AL, AZ, CA, CT, FL, GA, IL, IN, LA, MD, MA, MI, MS, NJ, NY, NC, OH, PA, SC, TN, WI
Management Team: Robert J. Amsdell Chairman Dean Jernigan President & CEO Todd C. Amsdell COO Tedd D. Towsley Dean Jernigan Interim CFO & Treasurer
Investor Relations Contact: Stephanie Carrington [email protected] Phone: (440) 234-0700 Fax: (440) 234-8776 139 UMH Properties, Inc.
Juniper Business Plaza Notes 3499 Route 9 North, Suite 3C Freehold, NJ 07728 www.umh.com
AMEX: UMH Equity Market Capitalization: $146,662,000 Average Daily Trading Volume: 6,305 Dividend Yield: 6.48% Property Sector: Residential
Company Description: UMH Properties, Inc. is a publicly owned real estate investment trust that owns and operates 28 manufactured home communities located in New York, New Jersey, Pennsylvania, Ohio and Tennessee. In addition to the 6,400 manufac- tured home sites located in its communities, UMH owns 500 acres of developable land. The company also owns a portfolio of REIT securi- ties. UMH has been in operation since 1968, operating as a public company since 1985.
Location(s) of Owned Properties: NJ, NY, OH, PA, TN
Management Team: Eugene W. Landy Chairman Samuel A. Landy President & COO Anna T. Chew CFO Samuel A. Landy
Investor Relations Contact: Rosemarie Faccone/Susan Jordon [email protected] Phone: (732) 577-9997 Fax: (732) 577-9980 140 United Dominion Realty Trust 1745 Shea Center Drive, Suite 200 Notes Highlands Ranch, CO 80129 www.udrt.com
NYSE: UDR Equity Market Capitalization: $3,709,521,000 Average Daily Trading Volume: 797,870 Dividend Yield: 4.60% Property Sector: Residential
Company Description: Founded in 1972, United Dominion Realty Trust is among the oldest and largest multifamily REITs, currently owning and operating 72,500 middle- market apartment homes dispersed throughout 17 states. In its 33-year history, the company has provided a total annualized return to shareholders of 17.14 percent and has increased the dividend for the 29th consecutive year. UDR is included in the S&P MidCap 400 Index.
Location(s) of Owned Properties: AZ, AR, CA, CO, DC, DE, FL, GA, MD, NC, OH, OR, SC, TN, TX, VA, WA
Management Team: Robert C. Larson Chairman Thomas W. Toomey President & CEO Christopher Genry CFO Thomas W. Toomey
Investor Relations Contact: Larry Thede [email protected] Phone: (720) 283-6120 Fax: (720) 283-2451 141 Ventas, Inc.
10350 Ormsby Park Place, Suite 300 Notes Louisville, KY 40223-6177 www.ventasreit.com
NYSE: VTR Equity Market Capitalization: $3,358,031,000 Average Daily Trading Volume: 315,425 Dividend Yield: 4.84% Property Sector: Health Care
Company Description: Ventas, Inc. is one of the nation’s leading health care real estate investment trusts. Ventas owns 120 senior housing facilities, 41 hospitals, 201 skilled nursing facilities and 19 other health care facilities containing approximately 42,670 licensed beds and senior living units located in 42 states throughout the country. The company also has investments in 30 other health care and senior housing facilities.
Location(s) of Owned Properties: AL, AR, AZ, CA, CO, CT, FL, GA, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MO, MT, NE, NV, NH, NJ, NM, NC, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VT, VA, WA, WI, WY
Management Team: Debra A. Cafaro Chairman, President & CEO Richard A. Schweinhart CFO Raymond J. Lewis CIO Debra A. Cafaro
Investor Relations Contact: Lisabeth Weiner [email protected] Phone: (502) 357-9000 Fax: (502) 357-9001 142 Vornado Realty Trust
888 Seventh Avenue, 44th Floor Notes New York, NY 10019 www.vno.com
NYSE: VNO Equity Market Capitalization: $13,423,629,000 Average Daily Trading Volume: 709,510 Dividend Yield: 3.35% Property Sector: Diversified
Company Description: Vornado Realty Trust is a fully integrated real estate investment trust. Vornado is one of the largest owners and managers of real estate in the U.S. with a portfolio of approximately 55 million sq. ft. in its major platforms, primarily located in the New York and Washington, D.C. metro areas. The company’s four major plat- forms include: New York City office, Washington, D.C. office, retail properties and Merchandise Mart.
Location(s) of Owned Properties: CA, CT, DC, IL, MD, MA, MI, NJ, NY, NC, PA, VA
Management Team: Steven Roth Chairman & CEO Michael D. Fascitelli President Joseph Macnow CFO Steven Roth
Investor Relations Contact: Catherine Creswell [email protected] Phone: (212) 894-7000 Fax: (212) 894-7979 143 W. P. Carey & Co. LLC
50 Rockefeller Plaza Notes New York, NY 10020 www.wpcarey.com
NYSE: WPC Equity Market Capitalization: $1,030,000,000 Average Daily Trading Volume: 26,958 Dividend Yield: 6.70% Property Sector: Mixed (Industrial/Office)
Company Description: Founded in 1973, W. P. Carey & Co. LLC is a leading global real estate investment firm. WPC provides asset management services to its CPA series of income generating funds. With $4.5 bil- lion in equity capital, the W. P. Carey Group is one of the largest providers of net lease financing for corporations worldwide. The group owns more than 675 commercial and industrial properties in 14 countries, representing more than 95 million sq. ft., valued at more than $7.4 billion.
Location(s) of Owned Properties: AL, AK, AZ, AR, CA, CO, CT, FL, GA, IL, IN, IA, KS, KY, LA, MD, MA, MI, MS, MO, NH, NM, NY, NC, OH, PA, SC, TN, TX, VT, VA, WA
Management Team: William P. Carey Chairman Gordon F. DuGan President & CEO Mark J. DeCesaris CFO Thomas E. Zacharios Gordon F. DuGan COO
Investor Relations Contact: Susan C. Hyde [email protected] Phone: (212) 492-1100 Fax: (212) 492-8922 144 Washington Real Estate Investment Trust 6110 Executive Boulevard, Suite 800 Notes Rockville, MD 20852-3927 www.writ.com
NYSE: WRE Equity Market Capitalization: $1,556,731,000 Average Daily Trading Volume: 194,400 Dividend Yield: 4.32% Property Sector: Diversified
Company Description: Washington Real Estate Investment Trust is a self-administered equity real estate investment trust founded in 1960. The trust’s business con- sists of the ownership of income-producing real estate properties in the Mid-Atlantic region with a prime focus on the greater Washington- Baltimore region. The trust has a fundamental strategy of regional focus, diversified property type ownership and conservative financial management.
Location(s) of Owned Properties: DC, MD, VA
Management Team: Edmund B. Cronin, Jr. Chairman, President & CEO Sara L. Grootwassink CFO Christopher P. Mundy CIO Edmund B. Cronin, Jr.
Investor Relations Contact: Sara L. Grootwassink [email protected] Phone: (301) 984-9400 Fax: (301) 984-9610 145 Weingarten Realty Investors
2600 Citadel Plaza Drive, Suite 300 Notes Houston, TX 77008 www.weingarten.com
NYSE: WRI Equity Market Capitalization: $3,495,194,000 Average Daily Trading Volume: 262,205 Dividend Yield: 4.72% Property Sector: Retail
Company Description: Weingarten Realty Investors is a real estate investment trust with 360 income producing and new development properties in 20 states that span from coast to coast in the southern half of the U.S. Included in the portfolio are 296 neighborhood and community shopping centers and 64 industrial properties aggregating 48.6 million sq. ft. Weingarten has one of the most diversified tenant bases of any major REIT in its sector with more than 5,200 tenants.
Location(s) of Owned Properties: AZ, AR, CA, CO, FL, GA, IL, KS, KY, LA, ME, MO, NV, NM, NC, OK, TN, TX, UT, WA
Management Team: Stanford J. Alexander Chairman Andrew M. Alexander President & CEO Stephen C. Richter CFO Martin Debrovner Andrew M. Alexander Vice Chairman & COO
Investor Relations Contact: Brook Wootton [email protected] Phone: (713) 866-6000 Fax: (713) 866-6049 146 Windrose Medical Properties Trust 3502 Woodview Trace, Suite 210 Notes Indianapolis, IN 46268 www.windrosempt.com
NYSE: WRS Equity Market Capitalization: $305,374,000 Average Daily Trading Volume: 73,990 Dividend Yield: 5.97% Property Sector: Health Care
Company Description: Windrose Medical Properties Trust, a self-man- aged real estate investment trust, focuses on meeting the real estate needs of the medical property community nationwide. Windrose acquires, selectively develops and manages spe- cialty medical properties, such as medical office buildings, outpatient treatment diagnostic facili- ties, physician group practice clinics, ambulatory surgery centers, specialty hospitals and other health care related specialty properties.
Location(s) of Owned Properties: CA, FL, GA, IL, NV, NJ, NC, TN, TX
Management Team: Fred S. Klipsch Chairman & CEO Frederick L. Farrar President & COO Paula Conroy CFO Fred S. Klipsch
Investor Relations Contact: Stephanie Carrington [email protected] Phone: (317) 860-8180 Fax: (317) 860-9128 147 Winston Hotels, Inc.
2626 Glenwood Avenue, Suite 200 Notes Raleigh, NC 27608 www.winstonhotels.com
NYSE: WXH Equity Market Capitalization: $284,306,000 Average Daily Trading Volume: 89,710 Dividend Yield: 5.57% Property Sector: Lodging/Resorts
Company Description: Winston Hotels, Inc. is a self-administered and self-advised real estate investment trust, special- izing in the acquisition, rehabilitation and devel- opment of hotel properties. The company began operations as a REIT in June 1994.
Location(s) of Owned Properties: AL, AZ, CO, CT, FL, GA, IL, KS, MA, MI, NC, NJ, NY, OH, SC, TX, VA
Management Team: Charles M. Winston Chairman Robert W. Winston, III CEO Joseph V. Green President & CFO Joseph V. Green
Investor Relations Contact: Patti Bell [email protected] Phone: (919) 510-6010 Fax: (919) 510-6832 148 www.realestateportfolio.comReal Estate Portfolio Subscribe to Magazine! Log on to NAREIT Meetings Calendar
2006 Events
September 18 – 19 Senior Financial Officer/Investor Relations Officer Workshop* New York Marriott Financial Center Hotel, New York, NY
November 8 – 10 Annual Convention The 2006 Real Estate Portfolio magazine, San Francisco Marriott, San Francisco, CA Special Issue will focus on the role of REITs in the ever- expanding defined LockLock InIn 2007 Events contribution and defined YourYour AdAd Now!Now! benefit investment Real Estate Portfolio March 28 – 30 universe. Numerous Law & Accounting Conference research reports and Marriott Doral Golf Resort & Spa, Miami, FL studies show the value of investing in REITs June 5 – 7 une ly J 20 Ear and the dividend and 07 REITWeekTM: NAREIT Investor Forum 2007* Week diversification benefits NAREIT Investor Forum Waldorf=Astoria, New York, NY REIT they bring to every September 17 – 18 retirement portfolio.
Senior Financial Officer/Investor Relations Officer Workshop* at 202-721-1497 or [email protected] Hotel TBD, New York, NY Advertising Deadline: July 14, 2006 November 14 – 16 Publication Date: Annual Convention Sept. 1, 2006 Bellagio Hotel, Las Vegas, NV Kathleen Thomas Bonus Distribution: * by invitation • MONEY SHOW, Oct. 16-18, San Francisco • Expo Real, Oct. 23-25, 2006, Munich, Germany • NAREIT Annual Convention, Nov. 8-10, 2006, San Francisco For information about advertising in the 2006 Special Issue of NAREIT’s For information about advertising in the 2006 Special Issue of NAREIT’s please contact: PRESENTATION GUIDE REITWeek TM : 06NRI InvestorForum 2006 NAREIT
June 6-8, 2006 TM 20 REIT Week06 Waldorf=Astoria, New York, NY NAREIT Investor Forum
National Association of Real Estate Investment Trusts® REITs: Building Dividends & Diversification®
1875 I St, NW, Suite 600 • Washington, D.C. 20006 ph: (202) 739-9400 • fax: (202) 739-9401 www.nareit.com • www.investinreits.com
© ® Copyright June 2006 by the National Association of Real Estate Investment Trusts, Inc. All rights reserved. Presentation Guide No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means; electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. NAREIT is the exclusive registered mark of the National Association of Real Estate Investment Trusts, Inc.®
NAREIT® does not intend this publication to be a solicitation related to any particular company, nor does it intend to provide investment, legal or tax advice. Investors should consult with their own investment, legal or tax advisers regarding the appropriateness of investing in any of the securities or investment strategies discussed in this publication. Nothing herein should be construed to be an endorsement by NAREIT of any specific company or products or as an offer to sell or a solicitation to buy any security or other financial instrument or to participate in any trading strategy. ® NAREIT expressly disclaims any liability for the accuracy, timeliness or completeness of data in this publication. Unless otherwise indicated, all data are derived from, and apply only to, publicly traded National Association of Real Estate Investment Trusts securities. All values are unaudited and subject to revision. Any investment returns or performance data (past, hypothetical, or otherwise) are not necessarily indicative of future returns or performance. ® © Copyright 2006 National Association of Real Estate Investment Trusts®. NAREIT® is the exclusive registered trademark of the National Association of Real Estate Investment Trusts. REITs: Building Dividends & Diversification