Corporate Profile for Sizeler Property Investors, Inc., dated May 3, 1996.--(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 See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Financial Markets, Reuter Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , 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 A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. , NewsBank, Information Access Company, Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. , Comtex, and many others. -0- Published date: May 3, 1996 Company name: Sizeler Property Investors, Inc.
Address: 2542 Williams Boulevard
Kenner, Louisiana 70062
Telephone No.: 504/471-6200 Chief Executive Officer: Sidney W. Lassen Investor Relations Contact: Thomas A. Masilla, Jr. Business number: 504/471-6260 Public Relations Contact: Thomas A. Masilla, Jr. Business number: 504/471-6260 Trading symbol: SIZ Industry: REAL ESTATE Company description: Sizeler Property Investors, Inc. is a self-administered equity real estate investment trust, which invests in income-producing shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into and apartment properties in the southern United States The Southern United States—commonly referred to as the American South, Dixie, or simply the South—constitutes a large distinctive region in the southeastern and south-central United States. . The Company currently owns 29 properties, consisting of three enclosed en·close also in·close tr.v. en·closed, en·clos·ing, en·clos·es 1. To surround on all sides; close in. 2. To fence in so as to prevent common use: enclosed the pasture. regional shopping malls, two power shopping centers, eleven community shopping centers, and thirteen apartment communities. Fifteen of the Company's properties are located in Louisiana, nine in Florida, four in Alabama, and one in Texas. The Company's investment objective is to acquire high-quality properties at attractive initial yields with potential for future growth in cash flows. -0-
FINANCIAL HIGHLIGHTS
For the Year ended December 31, 1995: Net income $ 2,694,000 Funds from operations $ 11,094,000 Funds from operations per share $ 1.28 Net income per share $ 0.31 Dividends paid $ 1.12 Average shares outstanding 8,960,000 Total assets $281,857,000 Real estate investments $296,884,000 Shareholders' equity $ 95,323,000 Stock price high/low $ 11/ $8-1/2 Number of properties 29 Total shopping center S.F. 2,664,209 Total number of apartment units 3,157 CONTACT: Sizeler Property Investors, Inc. |
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