Free Historical Stock Data on Trizec Properties
Stock Symbol: TRZ
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Business Description
Trizec Properties Inc. (Trizec) is a real estate investment trust engaged in the ownership and management of office properties. As of December 31, 2003, the Company owned interests in and managed 64 office properties in the United States containing approximately 42.5 million square feet, with its pro rata ownership interest totaling approximately 39.6 million square feet. These office properties are concentrated in seven markets in the United States, located in the following metropolitan areas: Atlanta, Georgia; Chicago, Illinois; Dallas and Houston, Texas; Los Angeles, California; New York, New York, and Washington, District of Columbia.
Financial Information
For the nine months ended 9/30/04, revenues fell 1% to $508.5 million. Net income from continuing operations and applicable to Common decreased 68% to $30.9 million. Revenues reflect a decrease in average occupancy and rental rates. Lower net income reflects an increase in provision for loss on real estate and investment and lower gain from lawsuit settlement.
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