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Balance Sheet Cash Flow Statement 31500 Northwestern Hwy., Ste. 300 Farmington Hills, MI 48334 MI Tel. 248-350-9900 Fax 248-350-9925 |
Type: Public
On the web:
http://www.ramcogershenson.com
Employees:
154
Employee growth: 25.2%
Ramco-Gershenson Properties Trust makes no bones about horning in on the retail world. A self-administered real estate investment trust (REIT), it owns, develops, and manages a property portfolio of about 90 shopping centers, totaling approximately 20 million sq. ft. of leasable space primarily in the Midwest and Southeast. Nearly all of its assets are community shopping centers in metropolitan areas, anchored by grocery or big-box stores. It also owns one enclosed regional mall and has a handful of projects under development. The REIT's largest tenants include T.J. Maxx and Publix. Michigan accounts for about 40% of rental revenue, with Florida trailing at 30%.
Key numbers for fiscal year ending December, 2008:
Sales: $142.2M
One year growth: (7.2%)
Net income: $23.5M
Income growth: (39.2%)
Officers:
Chairman, President, and CEO: Dennis E. Gershenson
EVP Development and New Business Initiatives: Thomas W. Litzler
VP Development and Redevelopment: Peter J. DeBenedictis
Competitors:
CBL & Associates Properties
General Growth Properties
Simon Property Group
