| Address:
|
555 EAST LANCASTER AVE.
SUITE 100 |
| City: |
RADNOR |
|
State: |
PA |
|
Zip Code: |
19087 |
| Telephone: |
610-325-5600 |
|
Description of Business
|
Primary SIC Code:
6798 |
| (As filed with the SEC)
|
|
|
We are a self-administered and self-managed REIT that provides leasing, property
management, development, redevelopment, acquisition and other tenant-related
services for a portfolio of office, mixed-use and industrial properties. As of
December 31, 2010, we owned and consolidated 233 properties (collectively, the
"Properties") containing an aggregate of approximately 25.6 million net rentable
square feet. The Properties include 208 office properties, 20 industrial
properties, four mixed-use properties and a garage property under redevelopment.
As of December 31, 2010, we also owned interests in 17 unconsolidated real
estate ventures (collectively, the "Real Estate Ventures") that own properties
that contain approximately 6.5 million net rentable square feet. In addition, as
of December 31, 2010, we owned approximately 509 acres of undeveloped land. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | -0.19 | 0.150 | N/E | | 06/2011 | -0.26 | 0.150 | N/E | | 03/2011 | -0.23 | 0.150 | N/E | | 12/2010 | -0.28 | 0.150 | N/E | | 09/2010 | -0.26 | 0.150 | N/E | | 06/2010 | -0.18 | 0.150 | N/E | | 03/2010 | -0.08 | 0.150 | N/E | | 12/2009 | -0.02 | 0.150 | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.01 | Total Liab/Total Assets | 0.61 | | Net Inc/Total Assets | 0.00 | Total Liab/Inv Cap | 0.63 | | Net Inc/Inv Cap | 0.00 | Total Liab/Comm Equity | 1.07 | | Pretax Inc/Net Sales | -0.06 | Interest Coverage Ratio | 0.76 | | Net Inc/Net Sales | -0.03 | Curr Debt/Equity | 0.10 | | Cash Flow/Net Sales | 0.33 | LTD/Equity | 1.22 | | SG&A/NetSales | 0.05 | Total Debt/Equity | 1.31 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 3.95 | Quick Ratio | NA | | Inventory Turnover | 2.17 | Current Ratio | NA | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 0.13 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
145.66
|
145.06
|
148.55
|
148.91
|
|
Cost of Goods Sold
|
56.23
|
54.88
|
60.60
|
60.19
|
|
Selling & Admin Exps
|
7.56
|
7.40
|
7.75
|
6.24
|
|
Operating Income
|
27.63
|
24.82
|
28.47
|
24.66
|
|
Interest Exp
|
34.19
|
35.81
|
33.32
|
36.49
|
|
Pretax Income
|
3.20
|
-10.57
|
-1.62
|
-11.16
|
|
Other Income
|
9.93
|
-0.34
|
3.23
|
0.26
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
6.25
|
-6.07
|
-0.44
|
-4.85
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
5.71
|
0.73
|
0.25
|
16.57
|
|
Receivables - Total
|
142.24
|
136.64
|
137.00
|
129.76
|
|
Inventories - Total
|
120.47
|
120.25
|
119.90
|
110.06
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
4,216.86
|
4,202.89
|
4,207.96
|
4,201.41
|
|
Total Assets
|
4,703.75
|
4,668.50
|
4,686.72
|
4,690.38
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
109.45
|
86.12
|
104.46
|
94.86
|
|
Debt in Current Liabilities
|
NA
|
NA
|
197.00
|
183.00
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
2,492.23
|
2,466.02
|
2,243.73
|
2,247.45
|
|
Total Liabilities
|
2,905.21
|
2,855.87
|
2,857.00
|
2,840.88
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
122.35
|
123.42
|
128.00
|
128.27
|
|
Preferred Stock
|
0.04
|
0.04
|
0.04
|
0.04
|
|
Common Stock
|
1.35
|
1.35
|
1.35
|
1.34
|
|
Retained Earnings
|
-1,368.81
|
-1,346.35
|
-1,323.89
|
-1,301.52
|
|
Treasury Stock
|
0.00
|
-5.74
|
-6.23
|
-8.85
|
|
Total Stockholders' Equity
|
1,798.54
|
1,812.63
|
1,829.72
|
1,849.50
|
|
Total Liabilities and Stockholders' Equity
|
4,703.75
|
4,668.50
|
4,686.72
|
4,690.38
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
67.65
|
30.60
|
57.75
|
35.51
|
|
Net Cash Provided by Investing Activities
|
-65.22
|
-34.78
|
-62.47
|
-12.90
|
|
Net Cash Provided by Financing Activities
|
2.55
|
4.67
|
-11.59
|
-110.08
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 662.80 | 10.48 | -0.24 | | 12/2007 | 683.97 | 56.45 | 0.24 | | 12/2008 | 608.11 | 43.48 | 0.07 | | 12/2009 | 575.06 | 8.03 | -0.02 | | 12/2010 | 566.90 | -17.07 | -0.28 | | Growth Rates | -3.83 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 227 | 153,483 | -- |
|
Report Date :
2/6/2012
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