Company Profile For BRE Properties, Inc.

BRE Properties, Inc. (BRE.N) (New York Stock Exchange)

sector: Financials · industry: REIT - Residential & Commercial ·

As of 2:32am IST

30.55USD

Price Change

+0.43

Percent Change

+1.43%

Analyst Recommendations

Overview

BRE Properties, Inc. (BRE) is a self-administered equity real estate investment trust (REIT) focused on the development, acquisition and management of multifamily apartment communities in eight targeted metropolitan markets of the Western United States. During the year ended December 31, 2008, the Company’s multifamily portfolio had real estate properties, which included 72 wholly owned stabilized multifamily communities, aggregating 21,196 units in California, Washington and Arizona; 13 stabilized multifamily communities owned through joint ventures consists of 4,080 apartment units, and eight apartment communities in various stages of construction and development.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 June 2009, BRE Properties, Inc.'s revenues increased 2% to $86.5M. Net income from continuing operations applicable to Common decreased 59% to $16.9M. Revenues reflect an increase in rental income. Net income also reflects higher other income, the presence of net gain from extinguishments of debt, lower interest expense and a fall in general & administrative expense.