Corporate Profile for Colonial Properties Trust dated Feb. 14, 1997.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services. These include Dow Jones News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine, CompuServe, Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier, NewsBank, Information Access Company, Prodigy, Comtex, and many others. -0-
Published Date: February 14, 1997
Company Name: Colonial Properties Trust
Address: 2101 Sixth Ave. North, Suite 750
Birmingham, Ala. 35203
Main Telephone
Number: 205/250-8700
Chief Executive
Officer: Thomas H. Lowder
Chief Financial
Officer: Douglas B. Nunnelley
Investor Relations
Contact: Robert L. Reynolds
Business number: 205/250-8827
Home number: 205/678-7731
e-mail address: N/A
Public Relations
Contact: Robert L. Reynolds
Business number: 205/250-8827
Home number: 205/678-7731
e-mail address: N/A
URL Address: http://www.colonialprop.com
Trading Symbol: NYSE: CLP
Industry: Real Estate
Company description: Colonial Properties Trust is the largest diversified real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) in the United States with a total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. of $1.3 billion. The company develops, owns and operates multifamily, retail and office properties in the Southeast. A self-administered and self-managed REIT, the company is a fully integrated, diversified real estate company whose activities include development of new properties, acquisition of existing properties, build to suit development, and the provision of management, leasing and brokerage services for income producing real estate. Colonial has three distinct operating divisions: multifamily, retail and office, that are responsible for their own development, acquisition, management and leasing activities. The company operates mostly in mid-sized cities in Alabama This list of current cities. Major cities by population City Population > 200,000
The company's common shares are listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , trading under the symbol CLP 1. CLP - Cornell List Processor. 2. CLP - Constraint Logic Programming. . CLP Summary Information 1996 Revenues: $134,881,000 1996 Funds From Operations Funds From Operations (FFO) Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. (FFO FFO See: Funds from operations ): $62,999,000 1996 FFO per share: $2.45 1996 Stock High: $30.375 1996 Stock Low: $22.00 1996 Net income: $27,506,000 1996 Net income per share: $1.58 CONTACT: Colonial Properties Trust |
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