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Inland Real Estate Corp

 
Hoover's Profile: Inland Real Estate Corporation
(NYSE:IRC)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Inland Real Estate Corporation
2901 Butterfield Rd.
Oak Brook, IL 60523
IL Tel. 630-218-8000
Toll Free 888-331-4732
Fax 630-218-7350

Type: Public
On the web: http://www.inlandrealestate.com
Employees: 106
Employee growth: 20.5%

Inland Real Estate, a member of the Inland Group, buys, develops, leases, and operates retail properties throughout the US. The self-administered real estate investment trust (REIT) owns about 150 properties, most of which are big box-anchored strip shopping centers. It also invests in single-tenant retail properties. The company primarily invests in shopping center properties in the Midwest (concentrating on the metropolitan markets of Chicago and Minneapolis/St. Paul); its portfolio totals about 15 million sq. ft. of leasable space. Supervalue, the REIT's largest tenant, accounts for about 6% of sales; other major tenants include Dominick's Finer Foods and TJX Companies.

Key numbers for fiscal year ending December, 2008:
Sales: $191.5M
One year growth: 1.1%
Net income: $33.3M
Income growth: (24.0%)

Officers:
Chairman: Thomas P. (Tom) D'Arcy
President and CEO: Mark E. Zalatoris
SVP, CFO, and Treasurer: Brett A. Brown

Competitors:
Kimco Realty
Ramco-Gershenson
Simon Property Group

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